2024-02-19 09:02:22 ET
Summary
- Slate Grocery REIT has performed well operationally but its stock price and valuation have not kept up.
- The company has delivered strong financial results, with increased rental revenue and well-managed interest and finance costs.
- Slate Grocery's strategy of focusing on grocery-anchored strip centers near communities has positioned it for growth opportunities.
It's been a year since my last analysis on Slate Grocery REIT (SGR.UN:CA). Stale Grocery has performed very well in the past year, however, its stock price and valuation haven't kept up with its excellence operational results. Therefore, I continue to put a "Buy" rating on Slate Grocery, inching closer to a "Strong Buy"....
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Unlocking Value: Slate Grocery REIT's Strong Performance In 2023 Disconnected From Its Stock Price