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 REIT lifts stake in Sainsbury's portfolio to 51%

By Frank Prenesti

Date: Thursday 12 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Supermarket Income REIT said it had bought a 25.5% stake in the Sainsbury's Reversion Portfolio (SRP) for £196m from British Airways Pension Trustees, taking its holding to 51%.
The real estate investment trust's holding in the SRP is now 51% with the rest held by Sainsbury's.

The SRP Portfolio comprises the freeholds to 26 Sainsbury's supermarkets of which 21 properties will be bought by Sainsbury's for £1.04bn in two tranches in March 2023 and July 2023.

Beneficial ownership of the five remaining stores is held between the company and Sainsbury's in the same proportions as the beneficial interests.

As a result of Sainsbury's purchasing the 21 stores, the company will receive a minimum of £380m from the supermarket chain in two tranches, £264m in March 2023 and £116m in July 2023.

In May 2020, the Company formed a 50:50 joint venture with BAPTL to acquire from British Land Plc a 25.5% stake in the SRP Portfolio for £102m. Subsequently, in February 2021 the JV acquired a further 25.5% stake in this portfolio from Aviva for £115m.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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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