Slate Grocery REIT

Company Profile

Slate Grocery REIT had its IPO on under the ticker symbol SRRTF.

The company operates in the Real Estate sector and REIT-Retail industry. Slate Grocery REIT has a staff strength of 0 employees.

Stock update

Shares of Slate Grocery REIT opened at $9.39 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $9.37 - $9.44, and closed at $9.38.

This is a +0.09% increase from the previous day's closing price.

A total volume of 5,473 shares were traded at the close of the day’s session.

In the last one week, shares of Slate Grocery REIT have slipped by -0.99%.

Slate Grocery REIT's Key Ratios

Slate Grocery REIT has a market cap of $557.52 million, indicating a price to book ratio of 0.9527 and a price to sales ratio of 3.1838.

In the last 12-months Slate Grocery REIT’s revenue was $209.09 million with a gross profit of $156.68 million and an EBITDA of $0. The EBITDA ratio measures Slate Grocery REIT's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Slate Grocery REIT’s operating margin was 63.67% while its return on assets stood at 4.03% with a return of equity of 6.97%.

In Q2, Slate Grocery REIT’s quarterly earnings growth was a negative -75% while revenue growth was a positive 0.7%.

Slate Grocery REIT’s PE and PEG Ratio

Forward PE

8.5251

Trailing PE

13.0224

PEG

0

Its diluted EPS in the last 12-months stands at $0.72 per share while it has a forward price to earnings multiple of 8.5251 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Slate Grocery REIT’s profitability.

Slate Grocery REIT stock is trading at a EV to sales ratio of 11.2098 and a EV to EBITDA ratio of 8.592. Its price to sales ratio in the trailing 12-months stood at 3.1838.

Slate Grocery REIT stock pays annual dividends of $0.864 per share, indicating a yield of 9.21% and a payout ratio of 39.92%.

Balance sheet and cash flow metrics

Total Assets

$2.24 billion

Total Liabilities

$219.09 million

Operating Cash Flow

$0

Capital Expenditure

$1.52 million

Dividend Payout Ratio

39.92%

Slate Grocery REIT ended 2024 with $2.24 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.24 billion while shareholder equity stood at $708.59 million.

Slate Grocery REIT ended 2024 with $0 in deferred long-term liabilities, $219.09 million in other current liabilities, 588281000.00 in common stock, $109.92 million in retained earnings and $0 in goodwill. Its cash balance stood at $23.57 million and cash and short-term investments were $23.57 million. The company’s total short-term debt was $173,632,000 while long-term debt stood at $967.80 million.

Slate Grocery REIT’s total current assets stands at $54.38 million while long-term investments were $111.17 million and short-term investments were $0. Its net receivables were $23.80 million compared to accounts payable of $17.59 million and inventory worth $6.22 million.

In 2024, Slate Grocery REIT's operating cash flow was $0 while its capital expenditure stood at $1.52 million.

Comparatively, Slate Grocery REIT paid $0.40 in dividends in 2024.

Other key metrics

Current Trading Price

$9.38

52-Week High

$11.5147

52-Week Low

$8.2575

Analyst Target Price

$

Slate Grocery REIT stock is currently trading at $9.38 per share. It touched a 52-week high of $11.5147 and a 52-week low of $11.5147. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $9.67 and 200-day moving average was $10 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 40.4% of the company’s stock are held by insiders while 1353.2% are held by institutions.