Slate Grocery REIT (SGR-U.TO)

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Hi,

I want to know more about this stock Slate Grocery REIT (SGR-U.TO). I cant seem to infer much about this company from the data on yahoo finance. I will be honest and admit that I am a novice investor and I don’t understand much about technical analysis.

I wanted to understand if this company is a safe bet for growth investing.

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Asked on February 17, 2021 1:47 pm
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Private answer

Main concern with the REIT is its falling AFFO (adjusted funds from operations) for 6 straight quarters now.

In fact, in its most recent quarterly report (which is Q3, Q4 is to come out soon) the company actually showed an AFFO payout ratio of 103%.

And, it looks like the company is shrinking on most fronts. Total properties, FFO, AFFO, Leasable space.

But I think what you should do, is ask me this question again in a week or so. The company reports earnings on the 24th. I'd like to get a clear picture on the company's fiscal 2020.

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Posted by Dan Kent
Answered on February 17, 2021 7:29 pm
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