Earnings
October 17, 2019 - AW.UN
New! A&W Revenue Royalties Income Fund -Q3-2019 Results, Price Target Forecast .....
October 17, 2019 - ADN
New! Acadian Timber Corp. 1H-2019 Earnings, Price Target .....
October 16, 2019 - PLZ-UN
Plaza Retail REIT- 1H-2019 Earnings, Price Target Update .....
October 13, 2019 - PEGI
Pattern Energy Group -1H-2019 Earnings & Price Target Update .....
October 12, 2019 - LIF
Labrador Iron Ore Royalty Corp. 1H-2019 Earnings, Price Target Update .....
October 11, 2019 - NPI
Northland Power Inc. Q2-2019 Earnings & Price Target .....
October 10, 2019 - AQN
Algonquin Power & Utilities Corp. Q2-2019 Earnings & Price Target .....
October 8, 2019 - CNQ
Canadian Natural Resources Ltd. Q2-2019 Earnings, Price Target .....
Recommendation Changes
SRV.UN, PLZ-UN, ESI, KEG.UN, WIR.U, more...

Slate Retail REIT - Q2-2019 Earnings, Price Target

This is only a sample of the article, please login to view the entire article

Slate Retail REIT (SRT.UN) The REIT owns revenue-producing commercial real estate properties in the with a focus on grocery-anchored retail properties. Their strategy is to own quality grocery-anchored retail properties located in major markets in the U.S. that are visited regularly by consumers for their everyday needs. Retail grocery stores comprise approximately half of the leasable area. Properties are located in 18 states; Florida, Pennsylvania, North and Carolina together comprise approximately 37% of total leasable area. Shares are priced in Canadian dollars, dividends are paid in USD. For tax purposes distributions are 100% return of capital, however Canadian residents are advised to check with their account holder regarding US withholding taxes. As of Jun-30-2019, the portfolio consists of 83 grocery-anchored retail commercial properties comprising 10.5M sq. ft. The REIT is externally managed and operated by Slate Asset Management. Slate owns a 7.7% interest in the REIT.

Financial

AFFO for Q2-2019 was $10.7M(0.21 per share) compared to $9.5M(0.21 per share) for Q2-2018. Dividends were increased to $0.214 for Q2-2019 from $0.21 Q2-2018 representing payout ratios of 88% and 100% respectively.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
October 18, 2019
New! Coverage Universe - Weekly Price Change: Oct 11-18, 2019
October 11, 2019
Melcor REIT - 5.1% Convertible Debenture New Issue
October 11, 2019
Coverage Universe - Weekly Price Change: Oct 4-11, 2019
October 5, 2019
Coverage Universe - Weekly Price Change: Sept 27- Oct 4, 2019
September 27, 2019
Coverage Universe - Weekly Price Change: Sept 20-27, 2019
September 20, 2019
Coverage Universe - Weekly Price Change: Sept 13-20, 2019
September 17, 2019
BTB REIT- 6% Convertible Debenture New Issue
September 13, 2019
Coverage Universe - Weekly Price Change: Sept 6-13, 2019