SLATE GROCERY REIT-CL U (SGR-UN.CA) Fundamental Analysis & Valuation

Name: SLATE GROCERY REIT-CL U (SGR-UN.CA) Fundamental Analysis Rating
Brand: SLATE GROCERY REIT-CL U

TSX:SGR-UN • CA8310622037

15.21 CAD

+0.1 (+0.66%)

Last: Mar 25, 2026, 07:00 PM

This SGR-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1. SGR-UN.CA Profitability Analysis

1.1 Basic Checks

SGR-UN had positive earnings in the past year.
In the past year SGR-UN had a positive cash flow from operations.
In the past 5 years SGR-UN has always been profitable.
In the past 5 years SGR-UN always reported a positive cash flow from operatings.

1.2 Ratios

SGR-UN has a Return On Assets (1.73%) which is in line with its industry peers.
With a decent Return On Equity value of 6.19%, SGR-UN is doing good in the industry, outperforming 69.70% of the companies in the same industry.
SGR-UN has a Return On Invested Capital of 5.17%. This is in the better half of the industry: SGR-UN outperforms 75.76% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SGR-UN is in line with the industry average of 5.81%.

		Industry Rank	Sector Rank
ROA	1.73%
ROE	6.19%
ROIC	5.17%

ROA(3y)1.37%

ROA(5y)2.95%

ROE(3y)4.69%

ROE(5y)9.08%

ROIC(3y)5.41%

ROIC(5y)5.11%

1.3 Margins

SGR-UN's Profit Margin of 19.14% is fine compared to the rest of the industry. SGR-UN outperforms 60.61% of its industry peers.
In the last couple of years the Profit Margin of SGR-UN has declined.
SGR-UN has a better Operating Margin (61.37%) than 81.82% of its industry peers.
In the last couple of years the Operating Margin of SGR-UN has remained more or less at the same level.
SGR-UN's Gross Margin of 69.16% is fine compared to the rest of the industry. SGR-UN outperforms 63.64% of its industry peers.
SGR-UN's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	61.37%
PM (TTM)	19.14%
GM	69.16%

OM growth 3Y-1.04%

OM growth 5Y-0.91%

PM growth 3Y-35.74%

PM growth 5Y-10.32%

GM growth 3Y-1.23%

GM growth 5Y-0.95%

More info and screens

ROA ROE ROIC Operating and Profit Margin Show most profitable peers

2. SGR-UN.CA Health Analysis

2.1 Basic Checks

The number of shares outstanding for SGR-UN has been increased compared to 1 year ago.
Compared to 5 years ago, SGR-UN has more shares outstanding
SGR-UN has a worse debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of 0.51, we must say that SGR-UN is in the distress zone and has some risk of bankruptcy.
SGR-UN has a Altman-Z score (0.51) which is in line with its industry peers.
SGR-UN has a debt to FCF ratio of 19.47. This is a negative value and a sign of low solvency as SGR-UN would need 19.47 years to pay back of all of its debts.
SGR-UN has a Debt to FCF ratio of 19.47. This is in the lower half of the industry: SGR-UN underperforms 66.67% of its industry peers.
A Debt/Equity ratio of 1.86 is on the high side and indicates that SGR-UN has dependencies on debt financing.
SGR-UN has a Debt to Equity ratio of 1.86. This is amonst the worse of the industry: SGR-UN underperforms 81.82% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.86
Debt/FCF	19.47
Altman-Z	0.51

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 0.45 indicates that SGR-UN may have some problems paying its short term obligations.
With an excellent Current ratio value of 0.45, SGR-UN belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
SGR-UN has a Quick Ratio of 0.45. This is a bad value and indicates that SGR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.45, SGR-UN belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	0.45
Quick Ratio	0.45

More info and screens

WACC Debt/Equity How to determine the health of a company Altman-Z score Show peers with great health

3. SGR-UN.CA Growth Analysis

3.1 Past

SGR-UN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.29%.
Measured over the past years, SGR-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.16% on average per year.
Looking at the last year, SGR-UN shows a small growth in Revenue. The Revenue has grown by 2.02% in the last year.
SGR-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.09% yearly.

EPS 1Y (TTM)6.29%

EPS 3Y-31.36%

EPS 5Y-7.16%

EPS Q2Q%-12.63%

Revenue 1Y (TTM)2.02%

Revenue growth 3Y6.33%

Revenue growth 5Y11.09%

Sales Q2Q%2.88%

3.2 Future

Based on estimates for the next years, SGR-UN will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.28% on average per year.
SGR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.55% yearly.

EPS Next Y25.88%

EPS Next 2Y14.28%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year4.85%

Revenue Next 2Y3.55%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

More info and screens

Find the best growth stocks Show best growing peers

4. SGR-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 16.35, the valuation of SGR-UN can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of SGR-UN indicates a somewhat cheap valuation: SGR-UN is cheaper than 66.67% of the companies listed in the same industry.
SGR-UN is valuated rather cheaply when we compare the Price/Earnings ratio to 25.61, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.21 indicates a reasonable valuation of SGR-UN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SGR-UN indicates a rather cheap valuation: SGR-UN is cheaper than 90.91% of the companies listed in the same industry.
SGR-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.79.

		Industry Rank	Sector Rank
PE	16.35
Fwd PE	10.21

4.2 Price Multiples

63.64% of the companies in the same industry are more expensive than SGR-UN, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	9.75
EV/EBITDA	N/A

4.3 Compensation for Growth

SGR-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SGR-UN has a very decent profitability rating, which may justify a higher PE ratio.
SGR-UN's earnings are expected to grow with 14.28% in the coming years. This may justify a more expensive valuation.

PEG (NY)0.63

PEG (5Y)N/A

EPS Next 2Y14.28%

EPS Next 3YN/A

More info and screens

Price/Earnings Price/FCF FCF per share EV/EBITDA PEG RATIO Show best valued peers

5. SGR-UN.CA Dividend Analysis

5.1 Amount

With a Yearly Dividend Yield of 9.00%, SGR-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.22, SGR-UN pays a better dividend. On top of this SGR-UN pays more dividend than 81.82% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.89, SGR-UN pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	9%

5.2 History

The dividend of SGR-UN has a limited annual growth rate of 1.50%.
SGR-UN has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of SGR-UN decreased in the last 3 years.

Dividend Growth(5Y)1.5%

Div Incr Years1

Div Non Decr Years2

5.3 Sustainability

SGR-UN pays out 125.20% of its income as dividend. This is not a sustainable payout ratio.
SGR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.

DP125.2%

EPS Next 2Y14.28%

EPS Next 3YN/A

More info and screens

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SGR-UN.CA Fundamentals: All Metrics, Ratios and Statistics

SLATE GROCERY REIT-CL U

TSX:SGR-UN (3/25/2026, 7:00:00 PM)

15.21

+0.1 (+0.66%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)02-11 2026-02-11

Earnings (Next)05-04 2026-05-04

Inst Owners13.42%

Inst Owner ChangeN/A

Ins Owners0.21%

Ins Owner ChangeN/A

Market Cap899.67M

Revenue(TTM)213.37M

Net Income(TTM)40.83M

Analysts70

Price Target11.77 (-22.62%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	9%

Yearly Dividend1.18

Dividend Growth(5Y)1.5%

DP125.2%

Div Incr Years1

Div Non Decr Years2

Ex-Date02-27 2026-02-27 (0.072)

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)N/A

Avg Revenue beat(2)N/A

Min Revenue beat(2)N/A

Max Revenue beat(2)N/A

Revenue beat(4)N/A

Avg Revenue beat(4)N/A

Min Revenue beat(4)N/A

Max Revenue beat(4)N/A

Revenue beat(8)N/A

Avg Revenue beat(8)N/A

Revenue beat(12)N/A

Avg Revenue beat(12)N/A

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)2.97%

PT rev (3m)3.75%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)8.08%

EPS NY rev (3m)8.08%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)1.9%

Revenue NY rev (3m)0.25%

Valuation

		Industry Rank	Sector Rank
PE	16.35
Fwd PE	10.21
P/S	3.06
P/FCF	9.75
P/OCF	9.75
P/B	0.99
P/tB	0.99
EV/EBITDA	N/A

EPS(TTM)0.93

EY6.11%

EPS(NY)1.49

Fwd EY9.79%

FCF(TTM)1.56

FCFY10.26%

OCF(TTM)1.56

OCFY10.26%

SpS4.97

BVpS15.36

TBVpS15.36

PEG (NY)0.63

PEG (5Y)N/A

Graham Number17.93

Profitability

		Industry Rank	Sector Rank
ROA	1.73%
ROE	6.19%
ROCE	5.88%
ROIC	5.17%
ROICexc	5.22%
ROICexgc	5.22%
OM	61.37%
PM (TTM)	19.14%
GM	69.16%
FCFM	31.38%

ROA(3y)1.37%

ROA(5y)2.95%

ROE(3y)4.69%

ROE(5y)9.08%

ROIC(3y)5.41%

ROIC(5y)5.11%

ROICexc(3y)5.47%

ROICexc(5y)5.17%

ROICexgc(3y)5.47%

ROICexgc(5y)5.17%

ROCE(3y)6.16%

ROCE(5y)5.82%

ROICexgc growth 3Y3.78%

ROICexgc growth 5Y-1.1%

ROICexc growth 3Y3.78%

ROICexc growth 5Y-1.1%

OM growth 3Y-1.04%

OM growth 5Y-0.91%

PM growth 3Y-35.74%

PM growth 5Y-10.32%

GM growth 3Y-1.23%

GM growth 5Y-0.95%

F-Score5

Asset Turnover0.09

Health

		Industry Rank	Sector Rank
Debt/Equity	1.86
Debt/FCF	19.47
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	2.14
Cash Conversion	N/A
Profit Quality	164.01%
Current Ratio	0.45
Quick Ratio	0.45
Altman-Z	0.51

F-Score5

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)285.75%

Profit Quality(5y)192.36%

High Growth Momentum

Growth

EPS 1Y (TTM)6.29%

EPS 3Y-31.36%

EPS 5Y-7.16%

EPS Q2Q%-12.63%

EPS Next Y25.88%

EPS Next 2Y14.28%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)2.02%

Revenue growth 3Y6.33%

Revenue growth 5Y11.09%

Sales Q2Q%2.88%

Revenue Next Year4.85%

Revenue Next 2Y3.55%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y2.11%

EBIT growth 3Y5.22%

EBIT growth 5Y10.08%

EBIT Next Year-12.79%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-5.65%

FCF growth 3Y4.32%

FCF growth 5Y11.22%

OCF growth 1Y-5.65%

OCF growth 3Y4.32%

OCF growth 5Y11.22%

SLATE GROCERY REIT-CL U / SGR-UN.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SLATE GROCERY REIT-CL U?

ChartMill assigns a fundamental rating of 4 / 10 to SGR-UN.CA.

What is the valuation status of SLATE GROCERY REIT-CL U (SGR-UN.CA) stock?

ChartMill assigns a valuation rating of 6 / 10 to SLATE GROCERY REIT-CL U (SGR-UN.CA). This can be considered as Fairly Valued.

How profitable is SLATE GROCERY REIT-CL U (SGR-UN.CA) stock?

SLATE GROCERY REIT-CL U (SGR-UN.CA) has a profitability rating of 6 / 10.

What is the valuation of SLATE GROCERY REIT-CL U based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SLATE GROCERY REIT-CL U (SGR-UN.CA) is 16.35 and the Price/Book (PB) ratio is 0.99.

How financially healthy is SLATE GROCERY REIT-CL U?

The financial health rating of SLATE GROCERY REIT-CL U (SGR-UN.CA) is 2 / 10.