The earnings call reflected a strong performance in leasing volumes and net operating income growth, with effective debt management and refinancing strategies in place. However, higher financing costs have been a challenge, and the transaction volume remains muted. Despite these challenges, the overall sentiment is positive due to the significant achievements and strategic measures taken.

Company Guidance -

Q3 2025

During the Slate Grocery REIT second quarter 2025 financial results call, the management highlighted several key metrics indicating a strong performance. The REIT achieved over 423,000 square feet of total leasing with renewal spreads at 13.8% above expiring rents and new deals at 28.8% above in-place rent. The portfolio occupancy remained stable at 94%, with an average in-place rent of $12.77 per square foot, significantly below the market average of $24, suggesting potential for future rent increases. The REIT reported a same-property net operating income increase of $5.7 million or 3.6% on a trailing 12-month basis. Furthermore, the REIT has only $172 million of debt maturing through the end of 2026, representing 12% of total debt, and successfully refinanced a 4-property portfolio for $39 million, securing a credit facility totaling $17 million. The management expressed confidence in maintaining strong leasing spreads and NOI growth at around 3% to 4% annually, despite the higher financing costs. They noted that the market dynamics, including limited supply and high demand for grocery-anchored real estate, create a favorable environment for continued growth.

Strong Leasing Volumes

Completed over 423,000 square feet of total leasing in Q2 2025 with renewal spreads at 13.8% above expiring rents and new deals at 28.8% above comparable average in-place rent.

Positive Net Operating Income Growth

Same-property net operating income increased by $5.7 million or 3.6% on a trailing 12-month basis.

Stable Portfolio Occupancy

Portfolio occupancy remained stable at 94%, with average in-place rent significantly below market average, providing room for rent increases.

Debt Management and Refinancing

Only $172 million of debt maturing through 2026, representing 12% of total debt. Successfully refinanced a 4-property portfolio for $39 million and entered into a $17 million credit facility.

Interest Rate Management

Amended interest rate swaps extending maturity, achieving a blended weighted average interest rate of 5%.

Slate Grocery REIT (TSE:SGR.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:SGR.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	- / -	0.106	―	―	―
Aug 06, 2025	2025 (Q2)	- / 0.23	0.25	-8.40% (-0.02)	―	―
May 05, 2025	2025 (Q1)	- / 0.30	0.248	20.56% (+0.05)	―	―
Feb 12, 2025	2024 (Q4)	- / 0.28	0.076	268.42% (+0.20)	―	―
Nov 06, 2024	2024 (Q3)	- / 0.11	0.207	-48.79% (-0.10)	―	―
Aug 08, 2024	2024 (Q2)	- / 0.25	0.329	-24.01% (-0.08)	―	―
May 01, 2024	2024 (Q1)	- / 0.25	-0.272	191.18% (+0.52)	―	―
Feb 15, 2024	2023 (Q4)	- / 0.08	0.308	-75.32% (-0.23)	―	―
Nov 07, 2023	2023 (Q3)	- / 0.21	0.61	-66.07% (-0.40)	―	―
Aug 02, 2023	2023 (Q2)	- / 0.33	1.258	-73.85% (-0.93)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:SGR.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	C$14.28	C$14.09	-1.33%
May 05, 2025	C$13.92	C$14.12	+1.44%
Feb 12, 2025	C$13.05	C$13.11	+0.46%
Nov 06, 2024	C$12.68	C$12.85	+1.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Slate Grocery REIT (TSE:SGR.UN) report earnings?

Slate Grocery REIT (TSE:SGR.UN) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Slate Grocery REIT (TSE:SGR.UN) earnings time?

Slate Grocery REIT (TSE:SGR.UN) earnings time is at Oct 29, 2025, Before Open (Confirmed).

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What is TSE:SGR.UN EPS forecast?

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