-
Posted by
Two Blokes Apr 18 -
Filed in
Stock
-
4 views
Slate Grocery REIT offers a compelling 9.3% yield, supported by strong fundamentals and a portfolio of 116 grocery-anchored retail locations across 23 states. The REIT's top tenants include major grocery chains like Kroger and Walmart, with 68% of the portfolio comprising essential tenancies, enhancing stability. Despite a 5% drop in share price, operational metrics like rental revenue and NOI have improved, driven by strong leasing spreads and an improving balance sheet.
