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← CockpitCompetitor Analysis › SGR-UN.TO Slate Grocery REIT Class UOpen in the cockpit ↗

Slate Grocery REIT Class USGR-UN.TOCompetitor analysis, valuation and peers

Canada · CAD·Real Estate›Real Estate Investment Trusts
Momentum strong 71
Mkt cap
$763M
US dollars, full cap
Free float
83%
of shares outstanding
$/day
$2.02M
20-day average traded
P/B
1.12×
price to book
ROE
6.4%
delivered
Implied ROE
9.7%
what the price asks
Next earnings
5 days
11 Nov 2026
Close · CADC$17.78
1D+0.3%
1W+1.7%
1M-0.3%
3M+5.8%
6M+7.8%
YTD+16.6%
1Y+20.5%
ATR %1.5%
52w lowhigh1.2% off high

What Slate Grocery REIT does

No business profile yet.

Slate Grocery REIT at a glance

Size Slate Grocery REIT (SGR-UN.TO) is a Canada Real Estate company (Real Estate Investment Trusts) with a market value of $763M, the 283rd largest of 420 Canada companies the cockpit tracks. Shares closed at C$17.78 on 6 Nov 2026.

Performance Over six months the shares gained 7.8%, against -9.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 2.0% over the last twelve months (peer median +7.8%); the operating margin is 58.1% (peer median 40.3%).

Valuation It trades at 1.12× book value against a peer median of 0.94× (7th most expensive of 21).

Price implies The share price implies a return on equity of about 9.7%; Slate Grocery REIT delivers 6.4%, so the price asks more than the business earns today.

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026SGR-UN.TO 108Peer median 91
Six months, rebased to 100: Slate Grocery REIT against the median of its 20 peers (local-currency closes).

Slate Grocery REIT financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$314MC$306MC$304MC$294MC$226M
Revenue growth—+1%+3%+30%—
Gross profitC$204MC$201MC$203MC$196MC$148M
EBITDAC$183MC$186MC$194MC$186MC$139M
Net incomeC$59.3MC$57.0MC$52.4MC$20.3MC$167M
Free cash flowC$90.9MC$83.2MC$90.0MC$99.8MC$74.2M
Capital expenditureC$14.6MC$14.5MC$13.1MC$11.4MC$12.0M
Total debtC$1.85BC$1.79BC$1.68BC$1.53BC$1.53B

Quarterly statements and history in the cockpit →

Slate Grocery REIT competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%SAFESCHLRCTO330590JBGSARFAPZJ85CLDT89758958BFS3287UIBUQ5TINDUSINVITINNPMTSGR-UN.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Slate Grocery REIT is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%00×20×40×60×SAFESCHLRCTO330590JBGSARFAPZJ85CLDT8958BFSINNPMTSGR-UN.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Slate Grocery REIT is the large dot.

Capital: ROE delivered against the ROE the price implies

0%20%40%0%20%40%SAFECTO330590JBGSAPZJ85CLDTBFSSGR-UN.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Slate Grocery REIT is the large dot.

Slate Grocery REIT competitors and peer comparison

How Slate Grocery REIT compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Slate Grocery REIT against its 20 peers (data as of 6 Nov 2026)
MeasureSGR-UN.TOPeer medianRank in peer set
1-month return-0.3%-0.4%11th highest of 21
6-month return+7.8%-9.8%3rd highest of 21
Return on equity6.4%5.2%10th highest of 20
Price / book1.12×0.94×7th most expensive of 21
Trailing P/E18.1×16.8×6th most expensive of 17
ROE the price implies9.7%6.8%6th most demanding of 21
ROE delivered6.4%5.2%9th highest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Slate Grocery REIT SGR-UN.TOCanada$763M+8%+2%6%1.12×9.7%6.4%
Safehold SAFEUnited States$750M-30%+13%5%0.31×6.4%4.8%
Helios Re Socimi SCHLR.MCSpain$779M0%n/a9%1.43×9.5%n/a
CTO Realty Growth CTOUnited States$783M0%+16%7%1.15×8.9%7.2%
LOTTE REIT 330590.KSSouth Korea$792M-16%+13%4%0.95×5.4%3.8%
JBG SMITH Properties JBGSUnited States$729M-20%-1%-13%0.68×8.0%-12.9%
Arena REIT ARF.AXAustralia$801M-13%+7%10%0.88×9.4%9.6%
Aspen APZ.AXAustralia$802M+6%+31%13%1.90×15.2%12.6%
CDL Hospitality Trusts J85.SISingapore$725M-10%+4%-1%0.46×3.9%-1.2%
Chatham Lodging Trust CLDTUnited States$722M+56%-3%2%1.00×10.5%1.6%
Ichigo Office REIT Investment 8975.TJapan$816M-6%-18%7%1.26×5.0%7.4%
Global One Real Estate Investment 8958.TJapan$707M-17%-11%8%0.99×4.9%8.5%
Saul Centers BFSUnited States$705M-19%+9%11%6.38×43.2%11.3%
Hoshino Resorts REIT 3287.TJapan$831M-11%+44%5%0.90×4.8%5.2%
UI Boustead REIT UIBU.SISingapore$831M-5%n/an/a0.87×3.3%n/a
Far East Hospitality Trust Q5T.SISingapore$831M-10%+6%2%0.59×4.0%2.3%
Millerful No 1 Real Estate Investment Trust 01010T.TWTaiwan$698M0%+4%3%0.93×3.4%n/a
Indus Infra Trust INDUSINVIT.NSIndia$842M+3%+41%9%1.19×10.5%9.4%
Summit Hotel Properties INNUnited States$845M+27%+2%0%0.91×10.4%-0.2%
PennyMac Mortgage Investment Trust PMTUnited States$685M-29%+11%5%0.55×7.3%4.5%
NIPPON REIT Investment 3296.TJapan$852M-18%+42%9%0.96×4.3%8.7%

Questions

Which companies are Slate Grocery REIT's closest peers?
The cockpit's peer set: Safehold (SAFE), Helios Re Socimi (SCHLR.MC), CTO Realty Growth (CTO), LOTTE REIT (330590.KS), JBG SMITH Properties (JBGS), Arena REIT (ARF.AX), Aspen (APZ.AX), CDL Hospitality Trusts (J85.SI).
Is Slate Grocery REIT expensive compared with its peers?
On price / book it trades at 1.12× against a peer median of 0.94×, 7th most expensive of 21 in its peer set. The share price implies a return on equity of about 9.7%; Slate Grocery REIT delivers 6.4%, so the price asks more than the business earns today.
How has Slate Grocery REIT stock performed?
Over six months to 6 Nov 2026 the shares returned +7.8% against -9.8% for the median peer; over one year +20.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.