1. Canada Stocks

  2. •

    Real Estate

  3. •

    REIT - Retail
Slate Grocery REIT

Slate Grocery REIT

SGR-UN.TO
Slate Grocery REITCA flagToronto Stock Exchange
17.42
CAD
+0.11
- -
1.03BMarket Cap
Slate Grocery REIT
SGR-UN.TO
(Toronto Stock Exchange)

Recent

price

17.42

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.22
0.93
2.32
3.14
3.07
2.7
3.16
3.45
2.66
2.35
2.94
3.43
3.54
3.6
3.63
Revenue per Share
-0.06
- -
0.93
0.99
0.82
1.22
-0.15
0.75
0.87
1.55
2.13
0.23
0.67
0.73
0.74
Basic EPS, GAAP
-0.03
0.2
0.55
1.31
1.23
0.86
0.93
1.08
0.83
0.86
0.98
1.29
1.2
1.13
1.18
Free Cash Flow per Basic Share
- -
0.1
0.51
0.78
0.82
0.77
0.82
0.92
0.77
0.75
0.86
0.87
0.86
0.86
0.85
Dividend per Share
- -
- -
2.55
0.91
-0.18
0.94
9.58
10.15
10.09
10.78
12.09
11.5
11.31
11.13
10.95
Book Value per Share
4.16
0.05
1.19
0.86
-0.09
1.09
9.59
9.84
9.56
10.61
15.42
14.63
14.44
14.11
13.92
Tangible Book Value per Share
14
14
18
25
32
44
46
41
47
59
60
59
59
59
60
Basic Weighted Avg Shares
3
13
41
80
97
119
144
141
126
138
177
203
209
213
220
Sales/Revenue/Turnover
45.48
61.21
67.46
68.29
66.52
68.57
65.53
64.01
65.69
65.9
63.86
61.43
61.99
62.03
61.53
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-1
- -
17
25
26
54
-7
31
41
91
129
14
40
43
45
Net Income, GAAP
151.77
90.52
47.34
41.55
30.69
- -
- -
23.7
25.33
28.16
19.59
6.01
13.73
10.55
13.06
Effective Tax Rate (%)
-26.03
- -
40.15
31.62
26.9
45.12
-4.78
21.79
32.71
65.72
72.57
6.69
18.97
20.33
20.45
Profit Margin (%)
5
10
13
8
7
8
-2
-88
6
-13
-79
-300
-43
-71
11
Working Capital
85
105
368
579
623
880
869
709
721
929
1,040
860
1,121
1,225
1,295
LT Debt
57
1
21
22
-3
48
438
403
453
624
931
867
854
836
841
Total Equity
- -
0.59
5.94
6.41
7.31
- -
- -
5.52
5.22
4.78
5.03
5.74
5.53
5.7
5.65
Return on Invested Capital (%)
- -
-0.48
6.94
6.65
6.37
- -
- -
4.71
4.8
7.7
8.33
3.35
4.27
4.38
4.36
Return on Capital (%)
- -
- -
73.13
73.4
- -
- -
-2.88
7.22
9.23
16.35
18.89
1.93
5.87
6.53
6.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8
78
8
LT Borrowings
1,189
1,225
1,295
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
59
59
Market Capitalization
629
671
659

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
54
59
74
Cash, Cash Equivalents & STI
19
22
25
Accounts Receivable, Net
5
10
8
Inventories
- -
- -
- -
Total Current Liabilities
63
131
63
Payables & Accruals
40
36
39
ST Debt
8
78
8
Deferred Revenue
7
8
8

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-95.03%
15.31%
-2.09%
Free Cash Flow
8.2%
12.39%
-5.65%
Net Income, GAAP
-24.32%
54.73%
9.38%
Sales/Revenue/Turnover
11.01%
11.48%
2.02%
Total Cash Common Dividend
10.73%
7.49%
0.05%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
52
52
52
53
209
2025
53
52
53
55
213
2026
59
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.17
0.13
- -
0.67
2025
0.21
0.18
0.14
- -
0.73
2026
0.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.21
0.21
- -
0.86
2025
0.21
0.21
0.21
- -
0.86
2026
0.21
- -
- -
- -
- -
Similar Companies
CapitaLand China Trust (CLDHF)
Phillips Edison & Co. (PECO)
Capital & Regional Plc (CRPLF)
Wereldhave N.V. (WRDEF)
Pennsylvania Real Estate Investment Trust (PRET)
Kimco Realty Corporation (KIM-PN)
Business
Slate Grocery REIT (TSX: SGR-UN.TO) is an owner and operator of U.S. grocery-anchored real estate, focusing on acquiring, owning, and leasing a diversified portfolio of revenue-producing commercial properties anchored by leading grocery tenants. The REIT's core assets include approximately 116 properties totaling around 15.2 million square feet of gross leasable area (GLA), featuring high-quality centers such as Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons, Riverdale Shops, Hocking Valley Mall, Eastpointe Shopping Center, Flower Mound Crossing, and North Augusta Plaza, among others, with tenants including Publix, Ahold Delhaize, Albertsons, and Walmart; these properties emphasize essential retail infrastructure in major U.S. metro markets, supporting omnichannel grocery distribution through in-store, click-and-collect, and home delivery channels. The portfolio spans key growth regions like the Sunbelt, including significant concentrations in Florida, North Carolina, Georgia, and other states across the Southeastern and broader U.S., delivering resilient cash flows from strong credit tenants to unitholders. Founded in 2012 and headquartered at 121 King Street West, Suite 200, Toronto, Ontario, M5H 3T9, Canada, the REIT is externally managed by Slate Asset Management (Canada) L.P., which leverages its relationships to source accretive opportunities; it maintains a portfolio valued at approximately $2.4 billion, with operations exclusively in the United States. In recent developments, Slate Grocery REIT reported strong Q3 2025 results, including over 417,000 square feet of leasing completed at double-digit rental spreads, underscoring leasing momentum amid resilient consumer spending on essentials; the company also secured $57 million in debt financing during Q2 2025, including a $17.4 million mortgage facility, and continues discussions for refinancing $149 million in 2025 loan maturities. Earlier strategic moves include a 2022 $551 million acquisition of a 2.5 million square foot retail portfolio across 14 properties in seven Southeastern U.S. states, forming a joint venture with Slate North American Essential Real Estate Income Fund involving a $180 million injection, which expanded the portfolio to 15.7 million square feet and enhanced exposure to high-growth Sunbelt markets. The REIT targets institutional investors seeking stable income from grocery-anchored retail in the real estate sector, with no noted subsidiaries or parent entities beyond its management structure.