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Unit Information

Slate Retail REIT is listed on the Toronto Stock Exchange under the symbols SRT.UN and SRT.U, quoted in Canadian and U.S. dollars, respectively. Investors may purchase class U units of the REIT in either currency.

SRT-UN.TO

11.56 -0.14 ( -1.20% )

Previous Close11.70 Bid11.81 EPS 1.23
Open11.79 PE Ratio9.38 Day Range0.32
Market Cap372.10M Ask11.49 Volume41,851.00

SRT-U.TO

8.56 -0.53 ( -5.83% )

Previous Close9.09 Bid8.56 EPS 0.00
Open8.54 PE Ratio0.00 Day Range0.02
Market Cap275.54M Ask8.54 Volume200.00
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Presentations

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Financial Reports

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Distributions

      Distribution Per Unit DRIP Reinvestment Price
Period Record Date Payment Date USD CAD* USD CAD*
Oct 2018 Oct 31, 2018 Nov 15, 2018 $0.07000 $0.09190 - -
Sep 2018 Sep 30, 2018 Oct 15, 2018 $0.07000 $0.09050 - -
Aug 2018 Aug 31, 2018 Sep 17, 2018 $0.07000 $0.09030 - -
Jul 2018 Jul 30, 2018 Aug 15, 2018 $0.07000 $0.09100 - -
Jun 2018 Jun 29, 2018 Jul 16, 2018 $0.07000 $0.09170 - -
May 2018 May 31, 2018 Jun 15, 2018 $0.07000 $0.09070 - -
Apr 2018 Apr 30, 2018 May 15, 2018 $0.07000 $0.08864 - -
Mar 2018 Mar 30, 2018 Apr 16, 2018 $0.07000 $0.08760 $9.93 $12.42
Feb 2018 Feb 28, 2018 Mar 15, 2018 $0.07000 $0.09010 $9.65 $12.42
Jan 2018 Jan 31, 2018 Feb 15, 2018 $0.07000 $0.08730 $9.52 $11.88
      Distribution Per Unit DRIP Reinvestment Price
Period Record Date Payment Date USD CAD* USD CAD*
Dec 2017 Dec 15, 2017 Jan 15, 2018 $0.07000 $0.08730 $10.35 $12.90
Nov 2017 Nov 15, 2017 Dec 15, 2017 $0.07000 $0.08940 $10.16 $12.98
Oct 2017 Oct 31, 2017 Nov 15, 2017 $0.06750 $0.08560 $10.42 $13.22
Sep 2017 Sep 29, 2017 Oct 16, 2017 $0.06750 $0.08410 $10.81 $13.47
Aug 2017 Aug 31, 2017 Sep 15, 2017 $0.06750 $0.08190 $10.83 $13.14
Jul 2017 Jul 31, 2017 Aug 15, 2017 $0.06750 $0.08550 $10.36 $13.13
Jun 2017 Jun 30, 2017 Jul 17, 2017 $0.06750 $0.08550 $10.61 $13.45
May 2017 May 31, 2017 Jun 15, 2017 $0.06750 $0.08890 $11.08 $14.60
Apr 2017 Apr 30, 2017 May 15, 2017 $0.06750 $0.09230 $11.08 $15.15
Mar 2017 Mar 31, 2017 Apr 17, 2017 $0.06750 $0.08910 $11.26 $14.87
Feb 2017 Feb 28, 2017 Mar 15, 2017 $0.06750 $0.09060 $10.70 $14.36
Jan 2017 Jan 31, 2017 Feb 17, 2017 $0.06750 $0.08780 $10.99 $14.29
      Distribution Per Unit DRIP Reinvestment Price
Period Record Date Payment Date USD CAD* USD CAD*
Dec 2016 Dec 31, 2016 Jan 16, 2017 $0.06750 $0.08840 $10.97 $14.37
Nov 2016 Nov 30, 2016 Dec 15, 2016 $0.06750 $0.08830 $11.15 $14.59
Oct 2016 Oct 30, 2016 Nov 15, 2016 $0.06750 $0.09130 $10.11 $13.67
Sep 2016 Sep 30, 2016 Oct 17, 2016 $0.06750 $0.08870 $10.59 $13.93
Aug 2016 Aug 31, 2016 Sep 15, 2016 $0.06489 $0.08530 $10.65 $14.00
Jul 2016 Jul 31, 2016 Aug 15, 2015 $0.06489 $0.08390 $11.22 $14.51
Jun 2016 Jun 30, 2016 Jul 15, 2016 $0.06489 $0.08380 $10.58 $13.67
May 2016 May 31, 2016 Jun 15, 2016 $0.06489 $0.08330 $10.58 $13.58
Apr 2016 Apr 30, 2016 May 16, 2016 $0.06489 $0.08380 $10.21 $13.18
Mar 2016 Mar 31, 2016 Apr 15, 2016 $0.06489 $0.08310 $10.60 $13.57
Feb 2016 Feb 29, 2016 Mar 15, 2016 $0.06489 $0.08590 $10.97 $14.52
Jan 2016 Jan 31, 2016 Feb 16, 2016 $0.06489 $0.08970 $9.64 $13.33
      Distribution Per Unit DRIP Reinvestment Price
Period Record Date Payment Date USD CAD* USD CAD*
Dec 2015 Dec 31, 2015 Jan 15, 2016 $0.06489 $0.09300 $9.76 $13.99
Nov 2015 Nov 30, 2015 Dec 15, 2015 $0.06300 $0.08630 $10.16 $13.92
Oct 2015 Oct 30, 2015 Nov 16, 2015 $0.06300 $0.08380 $10.06 $13.38
Sep 2015 Sep 30, 2015 Oct 15, 2016 $0.06300 $0.08180 $10.45 $13.57
Aug 2015 Aug 31, 2015 Sep 15, 2015 $0.06300 $0.08350 $10.09 $13.38
Jul 2015 Jul 31, 2015 Aug 17, 2015 $0.06300 $0.08200 $11.02 $14.39
Jun 2015 Jun 30, 2015 Jul 15, 2015 $0.06300 $0.08000 $10.38 $13.21
May 2015 May 29, 2015 Jun 15, 2015 $0.06300 $0.07800 $10.51 $12.94
Apr 2015 Apr 30, 2015 May 15, 2015 $0.06300 $0.07500 $10.50 $12.53
Mar 2015 Mar 31, 2015 Apr 15, 2015 $0.06300 $0.07900 $10.17 $12.67
Feb 2015 Feb 27, 2015 Mar 17, 2015 $0.06300 $0.08000 $10.05 $12.84
Jan 2015 Jan 30, 2015 Feb 16, 2015 $0.06300 $0.07800 $10.76 $13.38
      Distribution Per Unit DRIP Reinvestment Price
Period Record Date Payment Date USD CAD* USD CAD*
Dec 2014 Dec 31, 2014 Jan 15, 2015 $0.06300 $0.07500 $10.39 $12.40
Nov 2014 Nov 28, 2014 Dec 15, 2014 $0.06300 $0.07300 $10.09 $11.64
Oct 2014 Oct 31, 2014 Nov 17, 2014 $0.06000 $0.06800 $10.02 $11.33
Sep 2014 Sep 30, 2014 Oct 15, 2014 $0.06000 $0.06700 $10.27 $11.51
Aug 2014 Aug 29, 2014 Sep 15, 2014 $0.06000 $0.06600 $11.21 $12.35
Jul 2014 Jul 31, 2014 Aug 15, 2014 $0.06000 - - -
Jun 2014 Jun 30, 2014 Jul 15, 2014 $0.06000 - - -
May 2014 May 30, 2014 Jun 16, 2014 $0.09000 - - -
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Analyst Coverage

Please read our Disclaimer regarding analyst coverage

 

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Tax Information

Slate Retail REIT (the "REIT") is a Canadian mutual fund trust within the meaning of the Income Tax Act. Unitholders generally will be required to include in computing its income for a particular taxation year, as income from property, the portion of net income of the REIT, including net realized taxable capital gains, that is paid or payable to the unitholder in that taxation year, whether or not those amounts are received in cash, additional units or otherwise. Any losses of the REIT for purposes of the Income Tax Act cannot be allocated to, or treated as a loss of, a REIT unitholder.

Based on the current provisions of the Income Tax Act, and subject to the provisions of any particular plan, REIT units are a qualified investments for trusts governed  an RRSP, RESP, RRIF, TFSA, deferred profit sharing plan and registered disability savings plan.

  2017 2016 2015 (Jan-May) 2015 (Jun-Dec) 2014
Other Taxable Income 56% 65.0% 55.0% 61.0%  52.0%
Capital Gains (Taxable) 0.0% 0.0% 0.0% 0.0%  N/A
Return of Capital 44% 35.0% 45.0% 39.0%  48.0%
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Governance

Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee and Chair of the Board
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Committees

The Audit Committee is comprised of independent members of the Board of Trustees, appointed on an annual basis for the purpose of overseeing the REIT's financial controls and reporting in addition to monitoring whether the REIT complies with financial covenant and legal regulatory requirements governing financial disclosure matters and financial risk management.

Members of the Audit Committee include Colum Bastable (Chair), Sam Altman, Andrea Stephen and Tom Farley.

Charter of the Audit Committee

The Compensation, Governance and Nominating Committees is comprised of independent members of the Board of Trustees, appointed on an annual basis. The committee is charged with overseeing board effectiveness, trustee selection, considering questions of management succession, administering securities-based compensation plans and assessing the overall performance and compensation of management of the REIT, among other responsibilities.

Members of the Compensation, Governance and Nominating Committee include Colum Bastable (Chair), Sam Altman, Tom Farley and Andrea Stephen.

Charter of the Compensation, Governance and Nominating Committee

The Investment Committee has the overall responsibility to ensure that the REIT's investment decisions are consistent with the Investment Guidelines and Operating policies as set forth in the REIT's Declaration of Trust. The committee will carry out its responsibilities with a view to achieving the REIT's strategic objectives of assembling a portfolio of high quality assets and delivering the benefits of such real estate to unitholders.

Members of the Investment Committee include Tom Farley (Chair), Sam Altman, Pat Flatley and Andrea Stephen.

Charter of the Investment Committee

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Policies

It is the policy of Slate Retail REIT that all activities be conducted with the highest standards of fairness, honesty and integrity and in compliance with all legal and regulatory requirements. In keeping with our commitment to best-in-class corporate governance, Slate has implemented numerous, policies and position descriptions for Slate Retail REIT.

Policies

Code of Conduct and Ethics
Slate Retail REIT’s Code of Conduct and Ethics (the “Code”) has been endorsed by the board of trustees of the REIT and applies to trustees, directors and officers of the REIT and Slate Asset Management LP. The objective of the Code is to provide guidelines for maintaining the integrity, reputation, honesty, objectivity and impartiality of the REIT. The Code addresses conflicts of interest, protecting the REIT’s assets, confidentiality, fair dealing with security holders, competitors and employees, insider trading, compliance with laws, and the reporting of any illegal or unethical behaviour.

Code of Business Conduct and Ethics

Whistleblower Policy
The REIT, its subsidiaries, and Slate Asset Management L.P. have a strong commitment to the conduct of their business in a lawful and ethical manner. In line with that commitment, the REIT has adopted a Whistleblower Policy. The Whistleblower Policy outlines the process by which trustees, directors, officers, managers and employees may communicate with the REIT about concerns they may have in respect of illegal or unethical behavior and when in doubt about the best course of action in a particular situation, without retaliation.

Any employee with a good faith concern about any accounting or auditing matter or any other matter which such employee believes in violation of the Code is directed to contact the Chair of the Audit Committee of the REIT (who is independent of management of the REIT Entities) on a confidential basis.

Whistleblower Policy

See also:

Disclosure and Confidential Information Policy
Insider Trading Policy
Majority Voting Policy
Unit Ownership Policy

Position Descriptions

Chair of the Board of Trustees
Chair of the Audit Committee
Chair of the Investment Committee
Chair of the Compensation, Governance and Nominating Committee
Chief Executive Officer

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Further Information

If you have questions about Slate Retail REIT,  contact us directly.
For change of address and other inquiries related to unit registration, contact our transfer agent.

Slate Retail REIT

c/o Slate Asset Management L.P.
121 King St W, Suite 200
Toronto, ON M5H 3T9 Canada

Phone: +1 416 644 4264
Email: ir@slateam.com

Transfer Agent

TMX Equity Transfer Services
200 University Ave, Suite 300
Toronto, ON M5H 4H1 Canada

Phone: +1 866 393 4891
Email: tmxeinvestorservices@tmx.com

 
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