Slate Grocery REIT (TSE:SGR.UN – Get Free Report) released its quarterly earnings data on Thursday. The company reported C$0.23 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$82.31 million during the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.
Slate Grocery REIT Price Performance
Shares of TSE:SGR.UN traded down C$0.26 during midday trading on Thursday, hitting C$16.88. 191,045 shares of the stock were exchanged, compared to its average volume of 106,614. The stock has a market cap of C$1.00 billion, a P/E ratio of 23.78 and a beta of 1.32. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. Slate Grocery REIT has a twelve month low of C$13.92 and a twelve month high of C$17.87. The company has a 50 day moving average price of C$17.41 and a 200-day moving average price of C$16.37.
Slate Grocery REIT Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a $0.072 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Slate Grocery REIT’s dividend payout ratio (DPR) is currently 121.70%.
Slate Grocery REIT Company Profile
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.
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