Supermarket Income REIT

Supermarket Income REIT has announced a conditional offer of new ordinary shares to qualified retail investors in the UK via the RetailBook platform; placements with institutional investors in the UK and qualified investors in South Africa are running in parallel. The issue price will be set after bookbuilding, the minimum subscription is £250 and subscriptions can be made via ISAs, SIPPs or nominee accounts. The company intends to use the net proceeds to partially finance the purchase of three supermarkets for around £118m and a pipeline of six further grocery retail properties valued at £98m. The offer is subject to shareholder approval at the general meeting on 3 August 2026 and to admission to trading, expected on 5 August 2026; new shares rank equally except for exclusion from the fourth-quarter dividend. » Altro su de.investing.com

Supermarket Income REIT has completed a £445 million refinancing consisting of a £375 million syndicated facility and a £70 million bilateral facility. The agreements include revolving and term facilities with three- and five-year maturities plus extension options, increasing the weighted average remaining term of the debt from 2.9 to 3.8 years. New bank partners are Lloyds Bank and ABN AMRO; Barclays remained sole coordinator. The average margin on drawn amounts is 1.18% over SONIA, the weighted cost of debt is 4.4%, and 98% of liabilities are fixed or hedged through June 2028. » Altro su de.investing.com

Supermarket Income REIT reports a portfolio of £2bn after £398m of acquisitions and aims to double assets to £4bn. Management internalised the business, set up joint ventures (gross assets £845m) and cut the EPRA cost ratio to 9.2%, while EPRA earnings per share fell to 2.7p. LTV rose to 43%; the target is to bring it back below 40%. Dividend growth of at least 2% annually from fiscal year 2027 has been announced. » Altro su de.investing.com

Supermarket Income REIT reports an EPRA EPS of 2.7p (−10%) for the first half of 2025 and net rental income of £57m (−2%), hit by strategic investments and asset transfers. Operationally the company remains strong with a 100% letting and rent collection rate and a 20% rise in portfolio value to £2bn. The dividend increases 1% to £0.031 per share, management expects to fully realize benefits from joint-venture proceeds and plans a minimum dividend growth of 2% per year from 2027. » Altro su de.investing.com

Fitch has affirmed Supermarket Income REIT’s long-term issuer default rating at BBB+ with a stable outlook. The affirmation is based on the FTSE 250–listed company’s business model, which focuses on leasing supermarket properties to leading operators in the UK and Europe. As of 30 June 2025 the portfolio was valued at £1.6 billion and, the company says, generates long-term, inflation-linked rental income. » Altro su de.investing.com