Slate Grocery REIT: This 8.5% Yield Just Got Safer
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Slate Grocery REIT's 8.5% distribution yield is now safer due to operational improvements and debt refinancing. The REIT, owning 116 grocery-anchored properties in the U.S., benefits from major tenants like Kroger and Walmart, ensuring steady cash flow and tenant demand.
November 20, 2024 | 8:30 am
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Slate Grocery REIT's yield has become safer due to operational improvements and debt refinancing, making it more attractive for income-focused investors.
The operational improvements and debt refinancing reduce risk, enhancing the attractiveness of the REIT's yield. This is likely to positively impact the stock price as it becomes more appealing to income-focused investors.
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