Slate Grocery REIT (TSE:SGR.UN) Issues Earnings Results

Slate Grocery REIT (TSE:SGR.UN) issued its earnings results on Thursday. The company reported C$0.23 EPS for the quarter, FiscalAI reports. The business had revenue of C$82.31 million during the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.

Slate Grocery REIT Trading Down 1.5%

Shares of Slate Grocery REIT stock opened at C$16.88 on Friday. The company’s 50-day moving average price is C$17.40 and its 200-day moving average price is C$16.38. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. Slate Grocery REIT has a 12-month low of C$13.92 and a 12-month high of C$17.87. The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 23.78 and a beta of 1.32.

Slate Grocery REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be issued a $0.072 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, July 31st. Slate Grocery REIT’s dividend payout ratio is presently 121.70%.

About Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily 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.