Supermarket Income REIT (LSE: SUPR) acquires supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management.
The Company focuses on grocery stores which are omnichannel, i.e. fulfilling both online and in-person sales. All of the Company’s are let to leading UK supermarket operators, diversified by both tenant and geography. Since the Company’s IPO on the London Stock Exchange in July 2017, the Investment Adviser has deployed over £1.2 billion of capital on behalf of the Group into a direct portfolio consisting of 41 supermarket sites and an indirect interest in a further 26 Sainsbury’s supermarkets through a joint venture with British Airways Pension Trustees Limited.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return over the medium term. The Company has increased its dividend target in line with UK RPI inflation each year.
Atrato Capital is the Company’s Investment Adviser.
AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2024 STABLE VALUATIONS AND STRONG BALANCE SHEET UNDERPIN CAPACITY TO PURSUE ACCRETIVE …
Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property, announces …
Supermarket Income REIT has acquired a portfolio of Carrefour supermarkets in France for a total purchase price of €75.3 million …
ACQUISITION OF A CARREFOUR SUPERMARKET PORTFOLIO IN FRANCE Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing …
Supermarket Income REIT plc has increased its unsecured facility with Sumitomo Mitsui Banking Corporation by £37.5 million to £104.5 million. …
ACQUISITION OF A TESCO SUPERMARKET AND AMENDMENTS TO INVESTMENT ADVISORY AGREEMENT Supermarket Income REIT plc (LSE: SUPR), the real estate …
| P&L | June 2024 £~000 | June 2023 £~000 |
|---|---|---|
| Gross Rental income | 107,851 | 95,823 |
| Operating Profit/ (Loss) | 26,189 | (133,079) |
| Share of income from JV | - | 23,232 |
| Profit for the period/ (Loss) | (21,324) | (144,866) |
| BALANCE SHEET | June 2024 £~000 | June 2023 £~000 |
|---|---|---|
| Investment Properties | 1,768,216 | 1,685,690 |
| Cash & cash equivalents | 38,691 | 37,481 |
| Total Assets | 1,861,419 | 1,933,727 |
| Bank borrowings | 597,652 | 605,609 |
| Total liabilities | 741,945 | 716,001 |
| Net assets | 1,119,474 | 1,217,726 |
Investors Chronicle (April 2023): “The best investment trusts for growth and income”
“…Many Reits also pay healthy dividends, although those invested in non-prime assets or shopping centres are at risk of cutting their payout, and investors should always check how well covered the dividends are by cash flow and profits: avoid trusts paying dividends out of their asset base… Supermarket Income Reit (SUPR), which has a solid tenant backdrop plus a lot of indexed rents, returns almost 7 per cent.”
Thisismoney.co.uk (June 2022)
“The shares to rely on in a recession”
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