Slate Grocery REIT (SGR-UN) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Slate Grocery REIT C$19.53, price C$17.86, upside +9.4%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Slate Grocery REIT
SGR-UN · TONeutralThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range C$7.66 – C$17.87 · fair‑value band C$3.91 – C$50.23 · the C$17.86 price screens below the C$19.53 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs.
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Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Slate Grocery REIT was incorporated in 2012 in Ontario, Canada.
Stock analysis
Slate Grocery REIT (SGR-UN) currently trades at C$17.86, while our model-based Fair Value estimate is C$19.53, so the stock looks roughly fairly valued today (gap 8.6%).
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Valuation
Bull case: the DCF Models group reads highest at a median of C$20.65 per share, and 6 of the 11 models we run sit above the C$17.86 price.
Bear case: the Asset-Based group reads lowest at C$10.62, and 5 of the 11 models stay below the price. Evidence for this calculation is high.
Scenario range: C$3.91 (bear) to C$50.23 (bull), the price of C$17.86 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Slate Grocery REIT reported revenue of $213M in FY2025 versus $138M in FY2021, a compound +11.5%/yr. Reported net income was $43.4M in FY2025, compounding −16.9%/yr from FY2021.
Key figures
Market cap C$1.1B (≈ $758M) · P/E ratio 18.2 · P/S ratio 3.70 · EPS (TTM) C$0.9800 · Dividend yield 4.8% · Net margin 20.3% · Return on equity 6.8% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 66% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −24% fair-value upside, at 9%, SGR-UN screens cheaper than that median.
Fair Value models
All 11 models by family
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Set up alert →Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 52
Revenue & earnings trend
Growth Forecast
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Compare Slate Grocery REIT with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Retail · 91 stocks
Valuation Multiplesvs REIT - Retail median · lower = cheaper
Context: sector, industry, market
- Is the Real Estate sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Real Estate
- Undervalued stocks: Canadian Stocks
- Valuation of the Canada market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $200.76 | $114.08 | −43% |
| Realty Income Corporation O | $55.35 | $87.76 | +59% |
| Kimco Realty Corporation KIM | $22.49 | $17.46 | −22% |
| Unibail-Rodamco-Westfield SE URW | €91.72 | €70.12 | −24% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.24 SGD | 1.38 SGD | −38% |
| Regency Centers Corporation REG | $73.23 | $38.95 | −47% |
| Scentre Group SCG | A$3.35 | A$3.49 | +4% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$37.02 | HK$38.68 | +4% |
| Federal Realty Investment Trust FRT | $108.29 | $40.55 | −63% |
| Brixmor Property Group BRX | $28.07 | $18.82 | −33% |
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Frequently asked questions
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Key figures of Slate Grocery REIT
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