Business
Slate Grocery REIT Reports First Quarter 2025 Results
Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the "REIT"), an owner and operator of U.S. grocery...
About this update from Slate Grocery Reit Class U
[{"type":"text","content":"Slate Grocery REIT Reports First Quarter 2025 Results\n\n\n .bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth13 { width: 13% }\n.bwwidth2 { width: 2% }\n.bwwidth3 { width: 3% }\n.bwwidth41 { width: 41% }\n.bwwidth62 { width: 62% }\n.bwwidth69 { width: 69% }\n.bwwidth71 { width: 71% }\n.bwwidth8 { width: 8% }\n \n\n\n\n Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the \"REIT\"), an owner and operator of U.S. grocery-anchored real estate, today announced its financial results and highlights for the three months ended March 31, 2025.\n \n\n \"Grocery anchored real estate has proven its resiliency through various economic cycles, and we continue to have great conviction in the ability of this asset class to perform in today’s economic environment,\" said Blair Welch, Chief Executive Officer of Slate Grocery REIT. \"Our portfolio continues to deliver healthy growth in same-property net operating income, driven by consistently strong leasing activity at double-digit spreads. Our team achieved record high renewal spreads in the first quarter, underscoring the growth embedded in our portfolio of below market rents. With new supply in the grocery-anchored sector expected to remain constrained in the near to medium term, we believe our portfolio is well positioned to drive stable growth and long-term value creation.\"\n \n\n For the CEO's letter to unitholders for the quarter, please follow the link\n \n here\n \n .\n \n\n\n Highlights\n \n\n\n\n\n Same-property Net Operating Income (“NOI”) increased by 4.3% or $6.8 million on a trailing twelve-month basis, adjusting for completed redevelopments, driven by several consecutive quarters of strong leasing ...