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Slate Grocery REIT owns and operates grocery-anchored real estate across the U.S., valued at approximately $1.3 billion. Strengths include a solid distribution yield of 7.76% and a reasonable net margin of 25.1%. However, concerns arise from a high FFO payout ratio of 133.0%, indicating potential sustainability issues for dividends, and a price/FFO ratio of 17.52x, which may suggest overvaluation relative to its growth rate of just 2.0% year-over-year. Overall, while the yield is attractive, the financial health score of 65/100 reflects some caution.
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FFO payout ratio of 133.0% exceeds 100%, indicating distributions are not covered by operating cash flow.
Positive FFO indicates healthy cash generation from property operations.
Attractive distribution yield of 7.59% offers compelling income opportunity for investors.
Positive net income demonstrates strong operational performance beyond FFO metrics.
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