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Slate Grocery REIT

TSX:SGR.UN Stock Report

Market Cap: CA$839.0m

Slate Grocery REIT (SGR.UN) Stock Overview

An owner and operator of U.S. More details

SGR.UN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends6/6

Rewards

Trading at 20.2% below our estimate of its fair value

Pays a high and reliable dividend of 8.37%

Risk Analysis

Interest payments are not well covered by earnings

Earnings have declined by 8% per year over past 5 years

Large one-off items impacting financial results


SGR.UN Community Fair Values

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See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Slate Grocery REIT Competitors

Price History & Performance

Summary of share price highs, lows and changes for Slate Grocery REIT
Historical stock prices
Current Share PriceCA$14.12
52 Week HighCA$15.14
52 Week LowCA$10.99
Beta1.21
1 Month Change-3.95%
3 Month Change5.69%
1 Year Change28.36%
3 Year Change2.62%
5 Year Change57.77%
Change since IPO9.46%

Recent News & Updates

Recent updates

Shareholder Returns

SGR.UNCA Retail REITsCA Market
7D-1.7%-0.1%0.6%
1Y28.4%12.9%19.3%

Return vs Industry: SGR.UN exceeded the Canadian Retail REITs industry which returned 12.9% over the past year.

Return vs Market: SGR.UN exceeded the Canadian Market which returned 19.3% over the past year.

Price Volatility

Is SGR.UN's price volatile compared to industry and market?
SGR.UN volatility
SGR.UN Average Weekly Movement2.8%
Retail REITs Industry Average Movement2.5%
Market Average Movement9.2%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.6%

Stable Share Price: SGR.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: SGR.UN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aBlair Welchwww.slategroceryreit.com

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

Slate Grocery REIT Fundamentals Summary

How do Slate Grocery REIT's earnings and revenue compare to its market cap?
SGR.UN fundamental statistics
Market capCA$838.95m
Earnings (TTM)CA$54.32m
Revenue (TTM)CA$302.61m
15.4x
P/E Ratio
2.8x
P/S Ratio

Is SGR.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SGR.UN income statement (TTM)
RevenueUS$221.32m
Cost of RevenueUS$65.10m
Gross ProfitUS$156.22m
Other ExpensesUS$116.50m
EarningsUS$39.72m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.67
Gross Margin70.59%
Net Profit Margin17.95%
Debt/Equity Ratio137.4%

How did SGR.UN perform over the long term?

See historical performance and comparison

Dividends

8.4%
Current Dividend Yield
77%
Payout Ratio

Does SGR.UN pay a reliable dividends?

See SGR.UN dividend history and benchmarks
When do you need to buy SGR.UN by to receive an upcoming dividend?
Slate Grocery REIT dividend dates
Ex Dividend DateJun 30 2025
Dividend Pay DateJul 15 2025
Days until Ex dividend9 days
Days until Dividend pay date6 days

Does SGR.UN pay a reliable dividends?

See SGR.UN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/08 21:57
End of Day Share Price 2025/07/08 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Slate Grocery REIT is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Heather KirkBMO Capital Markets Equity Research
Troy MacLeanBMO Capital Markets Equity Research
Sumayya Syed HussainCIBC Capital Markets