Slate Grocery REIT launches strategic review after unsolicited proposal from Slate Asset Management affiliates
Slate Grocery REIT (TSX:SRG.UN) said it has formed a special committee of independent trustees and launched a strategic review after receiving an unsolicited, non-public proposal from affiliates of Slate Asset Management. The REIT owns a portfolio of U.S. grocery-anchored shopping centres and ended 2025 with 94.4% occupancy, while renewal leases were signed at rents 14.9% above expiring levels. It said in-place rents remain well below market levels, leaving room for increases as leases roll over, and noted its debt cost is about 5% with property cap rates above its financing costs. The special committee has hired Evercore and other advisors to support its evaluation.