WinstonWınston
Back
Stock

Slate Grocery REIT

SRRTF
64
REIT - Retail · Real Estate
Price
$10.78
+0.13 (+1.22%)
Market Cap
$637.6M
Exchange
Other OTC
Winston Score
64
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 15, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Strong
Growth
Mixed
Cash Flow
Exceptional
Stability
Mixed
Valuation
Strong
Dividends
Good

Share count rising — dilution

+16.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 51.8M (2021) → 60.4M (2025)

§Winston Score History

The full picture

Slate Grocery REIT owns and manages grocery-anchored shopping centers across the United States. Its properties are typically strip malls or retail plazas where the main tenant is a grocery store, surrounded by smaller shops and service businesses. The company focuses specifically on essential, necessity-based retail anchored by tenants like Kroger, Publix, and other major grocery chains.

The REIT earns money by collecting rent from its tenants under long-term leases. It operates entirely in U.S. markets but is listed in Canada, where it is headquartered. With roughly $0.6 billion in market cap, it is a smaller REIT, but its grocery-anchored strategy provides relatively stable occupancy since people always need to buy food. The key growth driver is acquiring additional grocery-anchored properties at attractive prices, while the main risk is rising interest rates increasing borrowing costs and putting pressure on the company's ability to fund new deals.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+8.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+0.0% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

17.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$2.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Slate Grocery REIT is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
77.7%
Premium pricing power — 77.7% gross margin
Profit after running costs
Operating Margin
61.8%
Excellent — 61.8% operating margin
Return on the money invested
ROCE
6.6%
Weak — 6.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+4.1%
Slow sales growth (+4.1% YoY)
Profit growth
EPS YoY
+13.0%
Earnings growing (+13.0% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
174%
Turns 174% of profit into real cash
Spare cash per sale
FCF Margin
30.0%
Converts sales into free cash efficiently (30.0%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.97
Elevated debt (1.97)
Covers its interest
Interest Cover
1.80x
Dangerous — barely covers interest (1.8x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
14.8x
Attractive valuation — P/E 14.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+4.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (14.8 → 10.7)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
8.01%
Healthy income — 8.01% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+0.0%
Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial