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Slate Grocery REIT Reports First Quarter 2026 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 2026 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.bwwidth2 { width: 2% }\n.bwwidth30 { width: 30% }\n.bwwidth54 { width: 54% }\n.bwwidth69 { width: 69% }\n.bwwidth9 { width: 9% }\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, 2026.\n \n\n \"Our first quarter results reflect the enduring strength and resilience of grocery-anchored real estate,\" said Blair Welch, Chief Executive Officer of Slate Grocery REIT. \"We completed over 725,000 square feet of leasing at double-digit rental spreads, highlighting the embedded growth and pricing power within our portfolio. With rents that remain meaningfully below market, a stable balance sheet, and sustained demand for high-quality grocery spaces, we believe we are well-positioned for continued strong performance.\"\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 1\n \n\n\n\n\n\n The REIT completed over 725,000 square feet of total leasing throughout the quarter at consistently high rental spreads that continue to drive strong performance\n \n\n\n Renewals were completed at 18.9% above expiring rents, and new deals were completed at 49.0% above comparable average in-place rent\n \n\n Adjusting for completed redevelopments, same-property Net Operating Income (“NOI”) increased by 3.5 million or 2.1% in the first quarter on a trailing twelve-month basis\n \n\n Portfolio occupancy remained stable at 94.4% as at March ...