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(
LSE:SUPR
)

Supermarket Income REIT gets tailwind from buoyant grocery sector

Snapshot

  • Supermarket Income adds M&S to tenants as it buys six more sites
  • Supermarket Income REIT comfortable on busy grocery store sector
  • Supermarket Income REIT: Broker remains bullish after debt deals
  • Atrato Capital, the investment advisor to Supermarket Income REIT explain recent rise in inflation
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Quick facts: Supermarket Income REIT PLC

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LSE:SUPR

Price: 117 GBX

Market Cap: £948.89 m

About the company

Supermarket Income REIT plc is a real estate investment trust dedicated to investing in supermarket property forming a key part of the future model of UK grocery.

The company provide investors with long-dated, secure, inflation-linked income with capital appreciation potential over the longer term.

How it is doing

20 Sep 2021

Supermarket Income REIT PLC (LSE:SUPR) has acquired six supermarkets for a total purchase price of £113.1mln, including Marks & Spencer as a tenant for the first time.

The purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool.

Excluding acquisition costs, the sites are being acquired on a combined net initial yield of 4.6% and from several vendors including Land Securities, a Janus Henderson fund, London Metric Property plus others.

Ben Green, director of Atrato Capital the investment adviser to Supermarket Income, said: "These acquisitions provide geographic and tenant diversification, with the purchase of our first M&S Foodhall, as well as exposure to a number of high-quality omnichannel supermarket assets.

15 Sep 2021

Supermarket Income REIT PLC (LSE:SUPR) increased its borrowing headroom via a series of agreements.

It arranged a £61.3mln expansion to its revolving credit facility (RCF) with Wells Fargo, added £20mln to its secured term loan with Deka and agreed an one-year extension alongside a £10mln hike to its RCF with HSBC.

10 Sep 2021

Supermarket Income REIT PLC (LSE:SUPR) announced J Sainsbury PLC (LSE:SBRY) exercised a purchase option to buy back 13 stores.

They are part of a joint venture portfolio the real investment trust holds with British Airways Pension Trustees Limited.

Insight: Supermarket Income REIT comfortable on busy grocery store sector

06 Apr 2020

Negotiating rents has been one of the key issues during the coronavirus crisis: most landlords have been accepting rent deferrals or offering discounts altogether to help their tenants.

But Supermarket Income REIT PLC (LON:SUPR) has stood out after receiving all of its rents for March even before the expected deadline.

What the brokers say

15 Sep 2021

Peel Hunt has restated its ‘buy’ rating and 125p price target for shares in Supermarket Income REIT PLC (LSE:SUPR) after the property investment group negotiated further headroom with a trio of debt providers.

In a note to clients, the City broker said: “The company has only spent around £63mln since the £153mln equity placing in March.

“Therefore, combined with the recent news that Sainsbury’s has exercised an option to acquire 13 stores from the company’s JV and today’s announcement, the company now has significant capital for acquisitions.”

What management says

20 May 2021

Supermarket Income REIT's (LON:SUPR) Ben Green talks to Proactive London' Katie Pilbeam about the reasons behind the recent rise in UK inflation. 

The annual UK inflation rate more than doubled in April, as a rise in energy and clothing costs drove prices higher.

He says for investors they are wondering if this is temporary or sustained and how to protect their portfolios. 

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Supermarket Income REIT snap up six new acquisitions

Supermarket Income REIT PLC (LSE:SUPR)'s (LSE:SUPR) has acquired six supermarkets for a total purchase price of £113.1mln, including Marks & Spencer as a tenant for the first time. Steven Noble from Atrato Capital explains the rationale behind the purchases which consist of a Tesco in...

1 day, 13 hours ago

4 min read