Slate Grocery REIT Holds Monthly Payout at US$0.072/Unit

The REIT offers multiple unit classes. Holders of Class U units can elect to receive their payout in Canadian dollars through their broker. Class A unitholders receive the Canadian-dollar equivalent of US$0.072 per unit at the prevailing exchange rate, unless they have opted for U.S. dollars. Class I unit holders and holders of exchangeable subsidiary units also get US$0.072 per unit, with the same currency-election options.

Slate Grocery REIT (TSX: SGR.U, SGR.UN) owns and operates grocery-anchored properties across major U.S. metro markets. The portfolio relies on tenants in the daily-needs retail space, which the REIT says provides "durable cash flows" and the potential for long-term capital appreciation.

The REIT is managed by Slate Asset Management, a global investor focused on essential real estate and infrastructure assets.