Slate Grocery REIT (SGR) 2014年年度报告「TSX」.pdf

1、 Q4 2014TSX:SRT.U/SRT.UNLETTER TO UNITHOLDERSDecember 31,2014 Absence of competition is another key thing for us.That wed rather not try to outsmart somebody,were not sure we could,wed rather hunt where theyre not looking.-Seth KlarmanA note from the CEO:Every quarter I look forward to writing the L

2、etter to Unitholders.In my view,this communication is an important responsibility as CEO of Slate Retail REIT.In preparation for this,the year-end installment,I asked my colleagues to provide their thoughts on 2014.After all,Slate Retail REIT is managed by a dedicated team of real estate professiona

3、ls at Slate Asset Management LP,or simply,“Slate”.Our head of U.S.operations shared the following letter with me that I would like to share with you.I hope you enjoy it as much as I did.Blair WelchChief Executive OfficerFellow Unitholders,2014 was a year of progress for us,as we continued to build o

4、n our strong foundation for future growth and success.We made significant strides towards achieving our strategic objectives,actively managed and enhanced the value of our existing properties,and continued to pursue opportunities in our target markets.In April 2014,Slate Retail REIT(the REIT)was lis

5、ted on the Toronto Stock Exchange.This important milestone was the result of a vision dating back to 2010,when the Canadian economys resilience during the economic downturn resulted in Canadian real estate appearing to be significantly more expensive relative to other countries around the world.At t

6、hat time we shifted our attention to the United States,where grocery-anchored real estate,in particular,still maintained the qualities of an attractive asset class,that existed before the recession but was available at purchase prices offering greater value.The properties that we visited were well l