Supermarket Income REIT adds four further sites at 5.1% net yield
Two of the sites are housing Tesco supermarkets on 12-year leases, while the others are a city centre Sainsbury’s and an M&S foodhall
Company
LON: SUPR
Supermarket Income REIT PLC is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. Supermarket Income REIT provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term.
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Two of the sites are housing Tesco supermarkets on 12-year leases, while the others are a city centre Sainsbury’s and an M&S foodhall
“We are delighted with the level of financing support received from our existing and new relationship banks, affirming the robust nature of the grocery sector"
Supermarket Income floated in July 2017, when it raised £100mln
Frances Davies has over 30 years of experience in the industries
"Its portfolio is well-positioned to benefit from grocers generating stronger revenue growth in omni-channel stores.”