Slate Grocery REIT (SGR.U) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and welcome to the Slate Grocery REIT third quarter 2025 financial results conference 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 November 6, 2025. I would now like to turn the conference over to Shivi Agarwal, Manager with Finance, Slate Grocery REIT. Please go ahead. Thank you, Operator, and good morning, everyone. Welcome to the Q3 2025 conference call for Slate Grocery REIT. I'm joined this morning by Blair Welch, Chief Executive Officer, Joe Placatus, Chief Financial Officer, Connor O'Brien, Managing Director, Alan Gordon, Senior Vice President, Brayden Lyons, Vice President. Before getting started, I would like to remind purchase of hints that our discussion today may contain forward-looking statements. And therefore, we ask you to review the 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 REIT's website to access all of the REIT's financial disclosure, including our Q3 2025 investor update, which is available now. I will now hand over the call to Blair Welch for opening remarks. Thank you, Shivi, and hello, everyone. We are pleased to report another quarter of strong financial and operating results for Slate Grocery Reef. Our team continues to convert resilient demand for grocery anchor retail spaces into robust leasing at attractive rental spreads, 417,000 square feet of total leasing throughout the quarter. Renewal spreads were completed at 15% above expiring rents and new d...