Canada's Slate Grocery REIT's Q4 rental revenue rises 2.9%

Overview

• REIT's Q4 rental revenue rose 2.9% yr/yr

• Net income for Q4 fell 17% compared to last year

• Company acquired full ownership of a joint venture portfolio

Outlook

• Company expects stable near-term financing costs, with 87.8% of debt at fixed interest rates

• Slate Grocery REIT sees potential for rent increases with current rent below market average

Result Drivers

• HIGH LEASING VOLUMES - Co completed 1.7 mln sq ft of leasing in 2025 with high rental spreads, driving performance

• STRATEGIC TRANSACTIONS - Acquired remaining interest in joint venture and sold non-grocery property to optimize portfolio

• STABLE OCCUPANCY - Portfolio occupancy remained stable at 94.4%, with in-place rents below market average, indicating potential for rent increases

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy"

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBwjndmya

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