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Slate Grocery REIT (SGR.UN:CA) Q3 2025 Earnings Call Transcript

Operator

Good morning, ladies and gentlemen, and welcome to the Slate Grocery REIT Third Quarter 2025 Financial Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, November 6, 2025.

I would now like to turn the conference over to Shivi Agarwal, Manager of Finance at Slate Grocery REIT. Please go ahead.

Shivi Agarwal
Manager of Finance

Thank you, operator, and good morning, everyone. Welcome to the Q3 2025 Conference Call for Slate Grocery REIT. I’m joined this morning by Blair Welch, Chief Executive Officer; Joe Pleckaitis, Chief Financial Officer; Connor O’Brien, Managing Director; Allen Gordon, Senior Vice President; Braden Lyons, Vice President.

Before getting started, I would like to remind participants that our discussion today may contain forward-looking statements. And therefore, we ask you to review the disclaimers regarding forward-looking statements as well as non-IFRS measures, both of which can be found in Management’s Discussion and Analysis. You can visit Slate Grocery REIT’s website to access all of the REIT’s financial disclosure, including our Q3 2025 investor update, which is available now.

I will now hand over the call to Blair Welch for opening remarks.

Blair Welch
CEO & Trustee

Thank you, Shivi, and hello, everyone. We are pleased to report another quarter of strong financial and operating results for Slate Grocery REIT. Our team continues to convert resilient demand for grocery-anchored retail spaces into robust leasing at attractive rental spreads.

The REIT completed over 417,000 square feet of total leasing throughout the quarter. Renewal spreads were completed at 15% above expiring

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