Supermarket Income REIT PLC
SUPR
ISIN GB00BF345X11 / Valor 37224350
Supermarket Income REIT PLC
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About company
Supermarket Income REIT PLC (SUPR) is a UK-based investment entity focused on acquiring and managing a portfolio of supermarket properties. The company strategically invests in omnichannel supermarkets, which serve not only as traditional brick-and-mortar stores but also as crucial nodes in the online grocery fulfillment network, offering services such as home delivery and click and collect. This dual functionality is aimed at optimizing the cost of online grocery delivery by leveraging the stores' proximity to customers. SUPR's investment approach is underpinned by the recognition of long-term trends in the UK grocery market, including consistent growth driven by inflation and population increases, as well as a shift towards online sales. The company seeks out properties with a strong operational track record and secures long-term, index-linked leases that promise stable and secure income streams for its investors. Through this model, SUPR aims to deliver sustainable value and income growth by capitalizing on the evolving dynamics of the UK's grocery retail sector.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Operating Profit Growth
Supermarket Income REIT PLC reported an 18% growth in operating profit for the six months ended 31 December 2023, reaching £45.0 million. This increase was driven by a 10% rise in annualised passing rent to £104.7 million, achieved through acquisitions and contractual rental uplifts.
Stable Adjusted EPS
The adjusted earnings per share (EPS) for Supermarket Income REIT PLC remained stable at 2.9 pence for the six months ended 31 December 2023. This stability reflects the company's lower leverage during the period.
Dividend Target on Track
Supermarket Income REIT PLC is on track to deliver its full-year 2024 dividend target of 6.06 pence per share. The company declared an interim dividend of 3.0 pence per share for the six months ended 31 December 2023, consistent with the previous year.
Portfolio Valuation
The portfolio of Supermarket Income REIT PLC was independently valued at £1.68 billion as of 31 December 2023. This valuation includes acquisitions worth £36.4 million and reflects a net initial yield of 5.8%, slightly up from 5.6% as of 30 June 2023.
Strong Balance Sheet
Supermarket Income REIT PLC maintained a strong balance sheet with a loan-to-value (LTV) ratio of 33% as of 31 December 2023, down from 37% as of 30 June 2023. Additionally, 100% of the company's drawn debt is fixed or hedged at a weighted average finance cost of 3.1%.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1182 M
Market cap (USD)
974,418
Daily traded volume (Shares)
0.69 / 0.683
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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