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Slate Grocery REIT posts 10.6% higher Q2 rental revenue on leasing gains

The REIT also posted its Q2 2026 earnings call transcript and investor update online after reporting stronger leasing spreads, 93.6% portfolio occupancy and higher revenue.

Summary

Slate Grocery REIT reported second-quarter 2026 results showing higher rental revenue, net income and same-property NOI, supported by leasing activity and rental spreads across its U.S. grocery-anchored real estate portfolio, and later said its Q2 2026 earnings call transcript and investor update are available on its website. Rental revenue rose 10.6% to $57.9 million, NOI increased 2.0% to $42.5 million, and net income climbed 9.6% to $14.3 million for the three months ended June 30, 2026. The REIT completed more than 569,000 square feet of leasing during the quarter, with renewals signed at 16.7% above expiring rents and new deals completed at 41.0% above comparable average in-place rent. Portfolio occupancy stood at 93.6% at June 30, 2026. Funds from operations and adjusted funds from operations declined from a year earlier, while payout ratios increased.

Terms & Concepts
  • Same-property NOI: Net operating income from a comparable set of properties over time, used to measure underlying portfolio performance excluding acquisitions, dispositions and some redevelopment effects.
  • FFO: Funds from operations, a real estate industry cash-flow metric that adjusts net income for items such as property fair value changes and other non-cash or non-recurring items.
  • AFFO: Adjusted funds from operations, a measure intended to show recurring cash available after further adjustments such as capital expenditures, leasing costs and tenant improvements.