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Supermarket Income REIT

LN: SUPR

£515.1m market cap

108.75p 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 (SUPR) delivered strong growth in H120 driven by acquisitions, rental uplifts and valuation growth, and remains on track to deliver increased annualised DPS of 5.8p per share for the year (+3%). The EPRA NAV total return during H120 was 3.8% (an annualised 7.7%) and the shareholder total return (share price movement plus DPS paid) was 7%, taking the total shareholder return since IPO to 24%.

Share price graph
Balance sheet
Forecast net debt (£m) 0
Forecast gearing ratio (%) 0
Price performance
%
1m
3m
12m
Actual 2.1 1.6 5.6
Relative* (3.2) 13.4 23.8
52-week high/low 109.5p/90.5p
*% relative to local index
Key management
Ben Green Investment Adviser
Steve Windsor Investment Adviser