The earnings call highlighted strong leasing volumes, stable occupancy, and effective debt management, contributing to a positive outlook. However, challenges such as higher financing costs impacting net operating income and muted transaction volumes were noted. Overall, the focus on strong fundamentals in the grocery-anchored real estate market indicates a positive sentiment.

Company Guidance

During the Slate Grocery REIT Second Quarter 2025 Financial Results Call, the company provided several key metrics and insights into its performance and future guidance. The REIT reported robust leasing activity with over 423,000 square feet leased, achieving renewal spreads 13.8% above expiring rents and new deals at 28.8% above comparable average in-place rent. Same-property net operating income (SPNOI) increased by $5.7 million or 3.6% on a trailing 12-month basis, while maintaining a stable portfolio occupancy rate of 94%. The average in-place rent was $12.77 per square foot, significantly below the market average of $24, indicating potential for future rent increases. The REIT's debt profile remains strong with only $172 million maturing through the end of 2026, representing 12% of its total debt, and a recent refinancing of a 4-property portfolio for $39 million. The management expressed confidence in continued SPNOI growth of 3% to 4% annually, driven by strategic asset acquisition and limited new supply in the market. Additionally, they have locked in a blended weighted average interest rate of 5% until mid-2027, providing visibility on debt costs. The management emphasized the resilience and growth potential in the grocery-anchored real estate sector, supported by low vacancy rates and strong tenant demand.

Strong Leasing Volumes

The REIT achieved strong leasing volumes with renewal spreads at 13.8% above expiring rents and new deals at 28.8% above comparable average in-place rent.

Net Operating Income Growth

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

Stable Occupancy and Rent Potential

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, indicating potential for rent increases.

Debt Management and Refinancing

The REIT has only $172 million of debt maturing through the end of 2026, refinanced a 4-property portfolio for $39 million, and entered into a $17 million credit facility at attractive spreads.

Interest Rate Management

Amended existing interest rate swaps, extending maturity and 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$14.18	C$13.99	-1.34%
May 05, 2025	C$13.83	C$14.02	+1.37%
Feb 12, 2025	C$12.96	C$13.02	+0.46%
Nov 06, 2024	C$12.59	C$12.76	+1.35%

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).

Where can I see when companies are reporting earnings?

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What is TSE:SGR.UN EPS forecast?

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