Slate Grocery REIT (SGR.U) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Slate Grocery Reads Fourth Quarter 2024 Financial Results Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If anyone has any difficulties hearing the conference, please press star zero for operator assistance at any time. I would now like to turn the conference over to Shibi Agarwal, Manager of Finance. Please go ahead. Thank you, Operator, and good morning, everyone. Welcome to the Q4 2024 conference call for Slate Grocery Re. 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, and Brayden 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 the disclaimers regarding forward-looking statements as well as non-IFRS measures, both of which can be found in Management Discussion and Analysis. You can visit Slate Grocery REIT's website to access all of the REIT's financial disclosure, including our Q4 2024 Investor Update, which is now available. I will now hand over the call to Blair Welch for opening remarks. Thank you, Shivi, and hello, everyone. We are pleased to report strong fourth quarter and year end financial results for Slate Grocery REIT. Strong leasing activity at high rental spreads over the last several quarters continue to drive net operating income growth for the REIT. Adjusting for completed redevelopments, same property NOI increased by 6.7 million or 4.3% on a trailing 12 month basis. The REIT completed close to 3 million square feet of total leasing throughout ...