Supermarket Income REIT

LN: SUPR

£247m market cap

103p last close

Supermarket Income REIT, listed on the special funds segment of the London Stock Exchange, invests in supermarket property, let to leading UK supermarket operators, on long, RPI-linked leases. The investment objective is to provide an attractive level of income, with the potential for capital growth, with a 7–10% pa total shareholder return target over the medium term.

Investment summary

Supermarket Income REIT targets an attractive level of income, with the potential for capital growth, and 7–10% pa total shareholder return over the medium term. It invests in a diversified portfolio of supermarket property, let to leading UK supermarket operators on long, RPI-linked leases. EPRA NAV total return in the six-month period was 3.1% or an annualised 6.3% (see our last update). The company plans to raise c £25m in new equity to part fund additional, identified assets.

Share price graph
Balance sheet
Forecast net debt (£m) 0
Forecast gearing ratio (%) 0
Price performance
%
1m
3m
12m
Actual (0.5) (0.5) 2.0
Relative* 1.1 (2.2) 8.4
52-week high/low 104.0p/95.5p
*% relative to local index
Key management
Ben Green Investment Adviser
Steve Windsor Investment Adviser