Slate Grocery REIT (SGR) 2015年年度报告「TSX」.pdf

1、 Q4 2015TSX:SRT.U/SRT.UN“For any company,you need to have an overarching philosophy to guide operations for profitability”-Eddie LampertDEAR FELLOW UNITHOLDERSConcentrating on a single winning business theme is what usually produces above average financial results.We have had a similar experience.Sl

2、ate Retail has a dedicated team of real estate asset managers that come to work every day focused on what we believe is a winning theme and they have produced extraordinary results by doing rather ordinary things but doing them exceptionally well.By focusing exclusively on grocery-anchored real esta

3、te in overlooked U.S.markets,we believe we are setting our asset managers up to achieve our goal of long-term growth in both cash flow and net asset value per unit.We continue to avoid competition and should ultimately outperform the often under-capitalized and less-focused landlords in the markets

4、in which we operate.Operating and managing our real estate is the single most important thing we do.Next to our real estate portfolio,our people are our biggest asset.Their continued dedication and focus on proactively operating our real estate is what drove our outstanding results in 2015.Our real

5、estate managers did an exceptional job this year leasing over 700,000 square feet while increasing income,reducing expenses,overseeing capital spend,strengthening tenant relationships,and continuing to make our real estate properties a place where tenants want to operate and grow their businesses.Ca

6、pital allocation is next in importance on our winning business theme list.Our approach to acquiring new properties did not change.With the exception of the SUSO 3 transaction(13 properties),we bought every property one-by-one in 2015,as we have in the past.We are deliberately trying to avoid competi