Slate Grocery REIT: Still A Hold Until The Inflection Point Later This Year

shaunl I have been covering Slate Grocery REIT (OTC:SRRTF) since mid 2023, by issuing multiple bull thesis arguing why investors should adding this REIT into their portfolios. The main elements of the thesis here are the dirt cheap multiple (e.g., P/AFFO multiple of 9.3x), high dividend yield and strong underlying fundamentals, which are subject to decent organic growth. The cheapness stems from the fact that Slate is still trading at a significant discount to its closest retail peers both in the freestandi ...