Earnings Call Summary | SLATE GROCERY REIT(SRRTF.US) Q1 2024 Earnings Conference
Earnings Call Summary | SLATE GROCERY REIT(SRRTF.US) Q1 2024 Earnings Conference
The following is a summary of the Slate Grocery REIT (SRRTF) Q1 2024 Earnings Call Transcript:
以下是Slate雜貨房地產投資信託基金（SRRTF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Slate Grocery REIT completed over 770,000 square feet of total leasing in Q1 2024, with new deals netting 31% above the average in-place rent.
The occupancy rate stood at 94.4% at the end of the quarter, and the same-property NOI saw an increase of $1 million or 2.5% year over year.
Despite these positive indicators, the REIT's average in-place rent of $12.49 falls significantly below the market average of $23.21, indicating room for revenue growth.
Slate Grocery REIT在2024年第一季度完成了超過77萬平方英尺的總租賃面積，新協議的淨租金比平均現房租金高出31％。
在本季度末，入住率爲94.4％，同類物業的NOI同比增長了100萬美元，增長了2.5％。
儘管有這些積極的指標，房地產投資信託基金的平均就地租金爲12.49美元，大大低於23.21美元的市場平均水平，這表明收入還有增長的空間。
Business Progress:
業務進展：
Slate Grocery REIT forecasts an increase in NOI in the near future, driven by the impact of new leases signed over the past year.
The company has also extended the duration of its $300 million revolver by six months while fixing over 94% of the total debt at a weighted average interest rate of 4.4%.
As it observes robust fundamentals in the broader grocery-anchored real estate sector, the REIT aims to take advantage of the significant gap between its in-place rents and the market average by incrementally increasing rents over time, delivering long-term growth to its unitholders.
Slate Grocery REIT預測，受去年簽署的新租約影響的推動，在不久的將來，NOI將增加。
該公司還將其3億美元循環貸款的期限延長了六個月，同時按4.4％的加權平均利率固定了總債務的94％以上。
房地產投資信託基金觀察到以雜貨爲主的房地產行業基本面強勁，其目標是利用其實際租金與市場平均水平之間的巨大差距，隨着時間的推移逐步提高租金，爲單位持有人帶來長期增長。
More details: SLATE GROCERY REIT IR
更多詳情： SLATE 雜貨房地產投資信託基金 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。