Supermarket Income REIT (LON: SUPR) has today announced a solid set of year end reults. The period was characterised by stable valuations and astrong balance sheet, giving the group confidence to continue pursuing its acquisitive strategy and drive earnings growth. Underlying the board’s confidence , the FY25 target dividend has been increased to 6.12p per share

Nick Hewson, Chair of Supermarket Income REIT plc, commented:

“The Company’s operational performance has been resilient with 100% occupancy and 100% rent collection despite the broader market and macro-economic challenges of the past years. We have taken a disciplined approach to capital deployment and have recently begun to see opportunities to add accretive acquisitions in the UK and France. We continue to monitor opportunities to recycle capital via asset sales and joint ventures.

Looking ahead, we remain optimistic that the improving interest rate environment should provide positive tailwinds for the Company. We are pleased to recommend another increased dividend of 6.12 pence per share for FY25 and remain focused on delivering a progressive dividend for shareholders.”

News in full

Below is a video, shot with the investment team of Atrato Group, the advisors behind SUPR, highlighting the Group’s investment strategy