Slate Grocery REIT Reports Third Quarter 2026 Results
Key Highlights
- ➤US$13.00-per-unit cash acquisition agreed; closing expected Q1 2027
- ➤Q3 rental revenue $59.2 million, up 11.0% year over year
- ➤Q3 FFO per unit $0.25, down 7.4% year over year
- ➤Portfolio occupancy 93.5%; 410,673 square feet leased at 8.4% spreads
- ➤Unitholders vote on the transaction November 25, 2026; TSX delisting expected afterward
Expert Statements
Blair Welch, Chief Executive Officer of Slate Grocery REIT
“We continued to see healthy leasing momentum in the third quarter, driven by tenant demand across the grocery-anchored and retail sector.”
Blair Welch, Chief Executive Officer of Slate Grocery REIT
“Our team completed over 410,000 square feet of leasing at spreads of 8.4% above expiring rents. With occupancy of 93.5% and average in-place rents of $13.09 per square foot, portfolio fundamentals remain strong, and we continue to execute on our leasing and asset management priorities.”
Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, today announced its financial results and highlights for the three and nine months ended September 30, 2026.
“We continued to see healthy leasing momentum in the third quarter, driven by tenant demand across the grocery-anchored and retail sector,” said Blair Welch, Chief Executive Officer of Slate Grocery REIT. “Our team completed over 410,000 square feet of leasing at spreads of 8.4% above expiring rents. With occupancy of 93.5% and average in-place rents of $13.09 per square foot, portfolio fundamentals remain strong, and we continue to execute on our leasing and asset management priorities.”
Get started
Create a free account to read the full story.