Slate Grocery REIT Declares September 2024 Distribution

Slate Grocery REIT Declares September Distribution

Slate Grocery REIT (TSX: SGR.U, TSX: SGR.UN), a well-regarded owner and operator of U.S. grocery-anchored properties, recently made a significant announcement regarding its financial distributions for the month of September. The Board of Trustees has confirmed a distribution amount of U.S.$0.072 per Class U Unit. This equates to an impressive U.S.$0.864 when viewed on an annualized basis, demonstrating the REIT's commitment to returning value to its unitholders.

Distribution Details for Class Units

Unitholders of Class U Units can opt to receive their distributions in Canadian dollars, maintaining flexibility for investors based on currency preferences. Those interested should contact their broker for further instructions on making such an election. Moreover, holders of Class A Units will receive distributions equivalent to U.S.$0.072 in Canadian dollars, contingent upon the current U.S./Canadian dollar exchange rates.

Payment Schedule for Distributions

It’s important for unitholders to note that distributions across all classes, including Class A Units and Exchangeable Units, will be paid out on October 15, 2024. The eligibility for these payments extends to unitholders on record as of September 30, 2024. This schedule underscores Slate Grocery REIT’s structured approach to its financial distributions.

Slate Grocery REIT’s Investment Strategy

Slate Grocery REIT focuses significantly on grocery-anchored real estate, boasting a portfolio valued at approximately U.S. $2.4 billion. This extensive portfolio includes essential assets strategically located in key U.S. metropolitan markets, serving communities' daily needs. By investing in properties that anchor local grocery stores, the REIT ensures stable cash flow while positioning itself for long-term growth and capital appreciation.

Attractiveness of Grocery-anchored Investments

The grocery sector has shown resilience against economic fluctuations, making REITs like Slate Grocery a preferred choice for risk-averse investors. The company's commitment to investing in strong credit tenants further enhances the stability of returns for its unitholders. This prudent investment strategy not only safeguards against market volatility but also promises sustained returns over time.

Community-Centric Approach

Slate Grocery REIT is not only an investment entity but a community partner, ensuring that the grocery facilities it operates are vital hubs for local residents. This engagement paradigm fosters a positive brand image and strengthens community ties, enhancing customer loyalty and ultimately driving sustained revenue growth.

About Slate Grocery REIT

As a premier entity in U.S. grocery-anchored real estate, Slate Grocery REIT (TSX: SGR.U / SGR.UN) continues to evolve its portfolio. The focus remains on providing unitholders with resilient cash flows and attractive investment opportunities. Through its strategic assets, Slate is set on a path that promises long-term returns, through both appreciation and consistent distribution payments.

Legacy of Slate Asset Management

Slate Asset Management backs the REIT with a well-established infrastructure for alternative investments. The firm emphasizes fundamental analysis to craft strategies that generate value for investors over the long haul. Its approach encompasses diverse real assets, underlining a broad vision to elevate investment opportunities across real estate equity, credit, securities, and infrastructure.

Frequently Asked Questions

What is the declared distribution for September 2024?

The declared distribution for September 2024 is U.S.$0.072 per Class U Unit, equivalent to U.S.$0.864 annualized.

When will the distributions be payable?

Distributions will be payable on October 15, 2024, to unitholders recorded by the close of business on September 30, 2024.

Can Class U Unit holders receive distributions in Canadian dollars?

Yes, Class U Unit holders may elect to receive their distributions in Canadian dollars by contacting their broker.

How does Slate Grocery REIT support communities?

Slate Grocery REIT plays a vital role in local communities by anchoring grocery stores that serve essential daily needs.

What is the focus of Slate Asset Management?

Slate Asset Management focuses on creating long-term value through alternative investments across various assets, including real estate and infrastructure.

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