Agreed rent reviews
SUPERMARKET INCOME REIT PLC
Agreed rent reviewS on Tesco thetford AND SAINSBURY'S ASHFORD SUPERMARKETS
Supermarket Income REIT (LSE: SUPR), the supermarket real estate investor, announces that annual rent reviews at two of its stores have been determined.
The review at the Sainsbury's supermarket in Ashford, Kent, has resulted in an RPI increase of 2.6% from September 2019. The rent has increased from £3.93 million to £4.04 million.
The review at the Tesco superstore in Thetford, Norfolk has resulted in an RPI increase of 3.0% from December 2019. The rent has increased from £2.64 million to £2.72 million per annum.
Total rent from the Supermarket Income REIT portfolio has increased to £26.0 million following these reviews.
Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of these reviews underlines the attractive, RPI rent reviews that are a feature of all our leases".
For further information, please contact:
Atrato Capital Limited +44 (0)20 3790 8087
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Tavistock +44 (0)20 7920 3150
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in supermarket property forming a key part of the future model of UK grocery. We provide investors with long-dated, secure, inflation-linked income with capital appreciation potential over the longer term. Atrato Capital is the Company's Investment Adviser.
Further information is available on the Company's website www.supermarketincomereit.com
This information is provided by RNS
The company news service from the London Stock Exchange
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Quick facts: Supermarket Income Reit PLC
Market Cap: £363.21 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE