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

Slate Grocery REIT (TSE:SGR.UN) announced its earnings results on Tuesday. The company reported C$229.28 earnings per share for the quarter, FiscalAI reports. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The business had revenue of C$71.79 million during the quarter.

Slate Grocery REIT Trading Up 0.2%

Shares of TSE:SGR.UN traded up C$0.04 during trading on Tuesday, reaching C$16.09. 114,478 shares of the company traded hands, compared to its average volume of 84,808. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The firm has a market capitalization of C$953.54 million, a price-to-earnings ratio of 22.95 and a beta of 1.45. Slate Grocery REIT has a 52-week low of C$12.38 and a 52-week high of C$16.14. The business’s fifty day moving average is C$15.43 and its 200-day moving average is C$14.87.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.