Overview

Supermarket Income REIT : SUPR is focused on investing in a diversified portfolio of principally freehold and long leasehold operational properties let to UK supermarket operators which benefit from long term growing income streams with high quality tenant covenants.

The Company will acquire a diversified portfolio of supermarket real estate assets in the UK, providing long-term RPI-linked income, from institutional grade tenants with multi-billion pound revenues (Tesco, Sainsbury’s, Asda and Morrisons), and the potential for capital growth through active asset management opportunities.

The Company will look to acquire assets with long, annual RPI-linked leases (typically more than 15 years to expiry or first break), and intends to provide investors with a long-term and secure income stream which will grow with inflation. The attractive income profile of the assets allows the Company to target an initial dividend of 5.5 pence, which will then grow progressively.

They buy assets in suburban locations and with low site cover. Their stores are located in highly-populated residential areas, with strong transport links.  The strong property fundamentals of their sites facilitate the potential for alternative use over the longer term, for example through change of use to residential.

They target assets which offer near-term asset management opportunities, such as the installation of green energy improvements and/or the development of surplus car parking spaces.

You can access the company’s website here

SUPR : Supermarket Income REIT

Fundamentals

Ticker
SUPR
Exchange
XLON
Domicile
GBR
Sector
Real Estate
Market Capitalisation (M)
957
Share Price (GBP)
0.768
12 Month Trailing Dividend Yield
7.08%

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