Slate Grocery REIT Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:56 pm EDT
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Slate Grocery REIT reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 50.32 million compared to USD 39.46 million a year ago. Net income was USD 14.62 million compared to USD 58.96 million a year ago.
For the six months, sales was USD 101.11 million compared to USD 78.43 million a year ago. Net income was USD 2.52 million compared to USD 86.06 million a year ago.
Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties (the properties) in the United States of America (the U.S.). Its objectives are to provide unitholders with stable cash distributions from a portfolio of grocery-anchored real estate properties in the United States. The REIT owns and operates real estate infrastructure across U.S. metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.