Supermarket Income Reit (SUPR)

Index:

FTSE 250

77.60p
   
  • Change Today:
      1.00p
  • 52 Week High: 89.80
  • 52 Week Low: 70.30
  • Currency: UK Pounds
  • Shares Issued: 1,246.24m
  • Volume: 2,949,318
  • Market Cap: £967.08m

Supermarket Inc REIT picks up Scottish Tesco Extra store for £50m

By Iain Gilbert

Date: Wednesday 20 Dec 2017

LONDON (ShareCast) - (ShareCast News) - UK-based investment company Supermarket Income REIT has acquired a Tesco Extra supermarket from Legal and General in the North Lanarkshire town of Cumbernauld, Scotland for £50m.
The 9.5-acre site, which occupied a town centre location equidistant from Glasgow and Sterling, was made up of a 117,000 square foot Tesco Extra store, approximately 570 parking spaces and a 12-pump filling station.

The acquisition reflected a net initial yield of 5.5% after the next agreed RPI-linked rent review in March 2018 and came with an unexpired lease term of 23 years with annual, upward only, RPI-linked rent reviews on full repairing and insuring terms.

Supermarket Income REIT funded the acquisition from its £20m equity placing on 17 November and from its revolving credit facility.

Ben Green, director of Atrato Capital, the investment adviser to Supermarket Income REIT, said, "This store has an impressive trading record on site and plays an important role in Tesco's Scottish online fulfilment network."

"This investment is a strong addition to our growing portfolio, increasing both the weighted average unexpired lease term and net initial yield of the company's portfolio," he added.

As of 1545 GMT, shares had declined 0.43% to 100.07p.

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SUPR Market Data

Currency UK Pounds
Share Price 77.60p
Change Today 1.00p
% Change 1.31 %
52 Week High 89.80
52 Week Low 70.30
Volume 2,949,318
Shares Issued 1,246.24m
Market Cap £967.08m

SUPR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.77% above the market average86.77% above the market average86.77% above the market average86.77% above the market average86.77% above the market average
92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average
Price Trend
13.6% below the market average13.6% below the market average13.6% below the market average13.6% below the market average13.6% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
84.87% above the market average84.87% above the market average84.87% above the market average84.87% above the market average84.87% above the market average
92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average
Growth
15.24% above the market average15.24% above the market average15.24% above the market average15.24% above the market average15.24% above the market average
21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average

What The Brokers Say

Strong Buy 1
Buy 3
Neutral 4
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SUPR Dividends

  Latest Previous
  Q2 Q1
Ex-Div 11-Jan-24 12-Oct-23
Paid 14-Feb-24 16-Nov-23
Amount 1.52p 1.52p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 437,964 @ 77.60p
16:35 369 @ 77.60p
16:35 1,266 @ 77.60p
16:35 1,318 @ 77.60p
16:35 3,313 @ 77.60p

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