By Josh White
Date: Wednesday 13 Feb 2019
LONDON (ShareCast) - (Sharecast News) - Grocery retail property investor Supermarket Income REIT announced on Wednesday that the annual rent review at its Tesco superstore in Lime Trees Road, Bristol, had been concluded, resulting in an RPI increase of 3.2%.
The London-listed specialist fund said that as a result of the review, the rent would increase from £1.53m to £1.58m in March.
Total passing rent from the Supermarket Income REIT portfolio would be £16.5m once the review takes effect in March.
"The conclusion of this rent review underlines the attractive, RPI rent reviews that are a feature of all our leases," said Ben Green, director of Supermarket Income REIT's investment adviser Atrato Capital.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 72.70p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 88.50 |
52 Week Low | 70.30 |
Volume | 0 |
Shares Issued | 1,246.24m |
Market Cap | £906.01m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 0 |
Buy | 2 |
Neutral | 4 |
Sell | 0 |
Strong Sell | 1 |
Total | 7 |
Latest | Previous | |
---|---|---|
Q3 | Q2 | |
Ex-Div | 11-Apr-24 | 11-Jan-24 |
Paid | 16-May-24 | 14-Feb-24 |
Amount | 1.52p | 1.52p |
You are here: research