Slate Grocery REIT (SGR.U) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and welcome to the Slate Grocery Read Second Quarter 2025 Financial Results Call. At this time all lines are in listen-only mode. Following the presentation we will conduct a question and answer session. If at any time during this call you require immediate assistance please press star zero for the operator. This call is being recorded on Thursday August 7th 2025. I would now like to turn the conference over to Shivi Agarwal. Please go ahead. Thank you operator and good morning everyone. Welcome to the Q2 2025 Conference Call for Slate Grocery Read. I'm joined this morning by Blair Welch, Chief Executive Officer, Joe Plakaitis, Chief Financial Officer, Connor O'Brien, Managing Director, Alan Gordon, Senior Vice President, and Braden Lyons, Vice President. Before getting started I would like to remind participants that our discussion today may contain forward-looking statements and therefore we ask you to review disclaimers regarding forward-looking statements as well as non-IFRS measures, both of which can be found in management's discussion and analysis. You can visit Slate Grocery Read's websites to access all of the REIT's financial disclosure including our Q2 2025 investor update which is available now. I will now hand over the call to Blair Welch for opening remarks. Thanks Shivi and hello everyone. We are pleased to report strong second quarter financial results for Slate Grocery Read. Our team continues to achieve strong leasing volumes at double-digit rental spreads which drove another quarter of healthy net operating income growth for the REIT. The REIT completed over 423,000 square feet of total leasing throughout this quarter. Renewal spreads were completed at 13.8 percent above expiring rents and new deals were completed ...