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

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

Slate Grocery REIT Stock Performance

SGR.UN traded down C$0.08 during trading hours on Friday, hitting C$16.80. The company’s stock had a trading volume of 367,271 shares, compared to its average volume of 108,341. The firm has a market capitalization of C$995.62 million, a PE ratio of 23.66 and a beta of 1.32. The company has a 50-day simple moving average of C$17.39 and a 200 day simple moving average of C$16.38. Slate Grocery REIT has a fifty-two week low of C$13.92 and a fifty-two week high of C$17.87. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be given a $0.072 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, July 31st. Slate Grocery REIT’s dividend payout ratio (DPR) is currently 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.