Slate Grocery REIT (SGR) 2016年年度报告「TSX」.pdf

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1、Q4 2016TSX:SRT.U and SRT.UN“We think real assets will be a base of institutional client portfolios over the next 10 years”Bruce FlattDEAR FELLOW UNITHOLDERSWe are pleased with our 2016 year end results and excited about the opportunities that lie ahead in 2017.While we tend to err on the side of cau

2、tionas it relates to reviewing short-term performance,we do think its important to measure the progress along the way.The table below helps measure some of the progress we made in 2016.In reviewing these results,we think 2016 was a year of solid improvement:More leasing executed at higher rents whic

3、h drove an increase in incomeIncrease in income drove our ability to increase distributions by 4.0%Increase in income also drove our property values higher and as a result,NAV per unitMeaningful progress made on our redevelopment activities with an expected increase in progress and investment headin

4、g into 2017Q4 results which saw a double digit increase in renewal spreads accompanied by solid same property NOI growthWe remain very bullish on the U.S.economy and specifically the markets in which our properties are located and our future investments will be made.Regardless of the distractions in

5、 the media as of late,it is hard to look around the globe and find a much more attractive place to invest than Americaright now,based solely on fundamentals.Please refer to the following link here,as we were able to find someone slightly more qualified than us toarticulate this view.The most valuabl

6、e asset we have which doesnt show up in the figures below is our people.These results dont happen without them.The hard workthey put in and the relationships theyve built with our counterparties who trust them and enjoy doing business with them is the backbone of ourgrowth.Year ended December 31,201