Slate Grocery REIT Reports Q3 Revenue Miss and GAAP FFO of $0.25
Slate Grocery REIT (SGR.UN:CA) reported third-quarter financial results characterized by a significant revenue miss, posting $59.19 million against expectations that were $23.1 million higher. Despite the top-line shortfall, the company saw an 11% year-over-year increase in revenue and achieved a GAAP Funds From Operations (FFO) of $0.25 per unit. Operational metrics showed strength in leasing activity, with 80 leases totaling over 410,000 square feet executed during the quarter. Portfolio occupancy stood at 93.5% as of September 30, 2026. The REIT also demonstrated pricing power through lease renewals and new deals, which saw rent increases ranging from 13.4% to 18.2% above previous levels.
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Topics: earnings report leasing activity M&A occupancy rates revenue miss