Slate Grocery REIT Mulls Sale as Part of Strategic Review Following Unsolicited Proposal

Dow Jones05-22 20:47

By Adriano Marchese

Slate Grocery REIT has set up a special committee to consider strategic alternatives after receiving an unsolicited proposal from affiliates of Slate Asset Management, the company's external manager.

The U.S. grocery real estate-focused REIT said Friday that the special committee will consider a broad range of strategic alternatives, including a potential sale of the business.

The committee's chair, Marc Rouleau, said that the decision to consider various different alternatives is due to the belief that the value of the underlying portfolio may not be fully reflected in the public markets at the moment.

Shares have are up so far in 2026, rising about 4.3% since the start of the year to close on Thursday at 15.90 Canadian dollars ($11.54). The stock is up 9.7% over the last 52 weeks.

So far, the committee has decided to initiate a formal process to solicit proposals from third parties.

The company said that it won't provide further comment regarding the status of the process until it determines it to be appropriate or necessary.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 22, 2026 08:47 ET (12:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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