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Supermarket Income REIT reveal net assets rose 83% to £871m

Supermarket Income REIT reveal net assets rose 83% to £871m

Supermarket Income REIT PLC (LSE:SUPR)'s (LON:SUPR) Steven Noble and Natalie Markham talks to Proactive about their latest set of results highlighting their directly-owned property portfolio soaring in value over the past year.

An independent valuation puts the worth of its portfolio at £1.15bn at the end of June 2021, an increase of £609mln over the year and reflecting £541mln of additions and a £68mln increase in value.

The dividend for the year to June just ended increased 2% to 5.9p but the target for this year was increased to 5.94p per share to reflect the rising rent roll. Net assets rose 83% to £871mln with a NAV per share at 30 June 2021 of 108p.

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