Following the upward revisions, total rents from the company's portfolio have increased to £26mln per annum
() shares nudged higher on Wednesday as the group saw increased rents for two properties in its portfolio.
The firm said a retail price index (RPI) rent review for its Sainsbury’s supermarket in Ashford, Kent, had resulted in the annual lease payment rising to £4.04mln from £3.93mln per annum.
Meanwhile, a similar review for its Tesco superstore in Thetford, Norfolk, will see rents rise to £2.72mln from £2.64mln per annum.
As a result, the company said total rents from its portfolio have increased to £26mln.
“The conclusion of these reviews underlines the attractive, RPI rent reviews that are a feature of all our leases", said the company’s investment advisor Ben Green in a statement.
Supermarket Incone REIT shares rose 0.5% to 107p in early trading.
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...
In exchange for publishing services rendered by the Company on behalf of Supermarket Income REIT PLC named herein, including the promotion by the Company of Supermarket Income REIT PLC in any Content on the Site, the...
FOR OUR FULL DISCLAIMER CLICK HERE