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Supermarket Income REIT (SUPR)

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idpickering
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Supermarket Income REIT (SUPR)

#441767

Postby idpickering » September 13th, 2021, 7:24 am

This is a new board, where news items re SUPR can be posted. This company is of interest to me, as I'm mulling over buying into the outfit myself, in order to add to the diversification of my HYP.

OK, the following is old news, but a useful heads up for those considering investing in this company.

Notice of Results

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, will announce its full year results for the year ended 30 June 2021 on Thursday 23 September 2021.

Government guidance permitting, an in-person presentation for analysts and investors will be held at 8.30 a.m. on the day of the results. The presentation will also be broadcast via a webcast with a Q&A function for those unable to attend.

Those wishing to attend in person or virtually via the webcast should contact FTI Consulting on the details below.

Further information regarding the results and presentation will also be made available on the Supermarket Income REIT website here: https://www.supermarketincomereit.com/f ... blications .


https://www.investegate.co.uk/supermark ... 10324218K/

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Re: Supermarket Income REIT (SUPR)

#441777

Postby monabri » September 13th, 2021, 8:23 am


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Re: Supermarket Income REIT (SUPR)

#443805

Postby MDW1954 » September 20th, 2021, 11:54 am


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Re: Supermarket Income REIT (SUPR)

#444606

Postby idpickering » September 23rd, 2021, 7:06 am

Full Year Results For Year Ended 30 June 2021

· 11% Total Shareholder Return for the year and 40% since initial listing in July 2017[1]

· Direct Portfolio independently valued at £1.15 billion, an increase of £609.0 million following valuation growth of £67.8 million and new acquisitions of £541.2 million (excluding acquisition costs):

o 8.5% valuation growth on a like-for-like basis

o 4.1% valuation growth on acquisitions in the year

o Direct Portfolio net initial yield ("NIY") of 4.7%

o Direct Portfolio weighted unexpired lease term ("WAULT") of 15 years

BUSINESS HIGHLIGHTS

· £353 million of equity raised via two upsized and over-subscribed issuances of New Ordinary Shares:

o £200 million Placing and Offer for Subscription in September 2020

o £153 million Placing in March 2021

· Acquisition of 20 complementary supermarket assets for an aggregate purchase price of £541.2 million at a blended net initial yield of 5.0%

· Acquisition of a further 25.5% stake in the Sainsbury's Reversion Portfolio through the Company's joint venture with British Airways Pension Trustees Limited ("BAPTL"). The cost of the Group's additional investment was £57.5 million (excluding acquisition costs)

· Direct Portfolio net loan to value ("LTV") ratio of 34% as at 30 June 2021, with a weighted current cost of debt of 1.9%

· EPRA NTA per ordinary share of 108 pence as at 30 June 2021

· 100% of grocery rent collected with 99.5% of total rent received

Post balance sheet events

· Purchase of 5 supermarket sites for £94.6 million (excluding acquisition costs) providing a blended NIY of 4.8%

· £91.3 million of new debt financing at a weighted average cost of 1.55% and a weighted average term of 5 years

· £128 million of remaining debt capacity through committed and uncommitted accordion options on debt facilities

· FY 2022 dividend target has increased by 1.4% to 5.94 pence per share, in line with the average increase in passing rents for the year

Nick Hewson, Chairman of Supermarket Income REIT plc, commented:

"I am very pleased to be able to report another solid set of results by the Group. During the year, our Direct Portfolio has benefited from an 8.5% like-for-like increase in valuation, delivering an EPRA NTA of 108 pence per share as at 30 June 2021.

Since our initial listing in 2017 we have delivered a 40% Total Shareholder Return and continue to offer our investors stable, long-term, inflation-protected income that is backed by one of the most compelling real estate asset classes in the UK investment market."


https://www.investegate.co.uk/supermark ... 00086870M/

idpickering
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Re: Supermarket Income REIT (SUPR)

#531171

Postby idpickering » September 21st, 2022, 7:23 am

Full Year Results For Year Ended 30 June 2022.

https://www.investegate.co.uk/supermark ... 00070670A/

Ian.

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Re: Supermarket Income REIT (SUPR)

#543223

Postby idpickering » November 2nd, 2022, 4:28 pm

NOTICE OF INVESTOR MEET COMPANY PRESENTATION.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, is pleased to announce that Steven Noble and Robert Abraham will provide an investor presentation through the Investor Meet Company platform on 8th November 2022 at 4.00pm (GMT).

The presentation is open to all eligible persons in the UK and questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and register to meet Supermarket Income REIT plc on:

https://www.investormeetcompany.com/sup ... r-investor

Investors who already follow Supermarket Income REIT plc on the Investor Meet Company platform will automatically be invited.


https://www.investegate.co.uk/supermark ... 00019989E/

Ian.

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Re: Supermarket Income REIT (SUPR)

#560891

Postby idpickering » January 12th, 2023, 7:36 am

Dividend Declaration.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, has today declared an interim dividend in respect of the period from 1 October 2022 to 31 December 2022 of 1.5 pence per Ordinary Share (the "Second Quarterly Dividend").

The Second Quarterly Dividend will be paid on (or around) 23 February 2023 as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business to Ordinary Shareholders on the register as of 20 January 2023. The ex-dividend date will be 19 January 2023.

Eligible shareholders can elect to receive new Ordinary Shares in the Company in lieu of a cash dividend (the "Scrip Dividend Alternative"). The Scrip Dividend Alternative price is to be calculated using the average of the closing middle market quotations for an Ordinary Share, as derived from the Daily Official List of the London Stock Exchange, for the five consecutive business days commencing on the ex-dividend date and will be announced by the Company and detailed on the Company's website on 27 January 2023.

Any shareholders wishing to take up the Scrip Dividend Alternative will have until 5pm on 7 February 2023 either to return their completed mandate form to the Company Registrar, Link Group, at Corporate Actions, 10th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL (in the case of shareholdings in certificated form) or to take the necessary action via the CREST system (in the case of shareholdings in uncertificated form).

Further details of the Scheme, including the Scrip Dividend Circular and Mandate Form, are available to view and download on the Company's website at:
https://www.supermarketincomereit.com/d ... nformation

The Scrip Dividend Circular is also available for inspection at the National Storage Mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism


https://www.investegate.co.uk/supermark ... 00034126M/

Ian, who doesn't hold SUPR, but have toyed with buying the stock maybe?.

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Re: Supermarket Income REIT (SUPR)

#560892

Postby idpickering » January 12th, 2023, 7:38 am

Acquisition of Additional Stake in JV for £196m.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces an update in relation to its joint venture (the "JV") with British Airways Pension Trustees Limited ("BAPTL").

The Company has acquired BAPTL's 25.5% beneficial interest in the Sainsbury's Reversion Portfolio (the "SRP Portfolio") for £196 million (excluding acquisition costs), resulting in the Company's beneficial interest in the SRP Portfolio increasing to 51.0%. The remaining 49.0% beneficial interest in the SRP Portfolio is held by Sainsbury's plc ("Sainsbury's"). The ownership structure of the SRP Portfolio will contractually unwind in March 2023 and July 2023 as detailed below.


https://www.investegate.co.uk/supermark ... 00034631M/

Ian.

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Re: Supermarket Income REIT (SUPR)

#567915

Postby idpickering » February 13th, 2023, 7:08 am

FITCH REAFFIRMS INVESTMENT GRADE RATING

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces that Fitch Ratings Limited ("Fitch") has reaffirmed the Company's existing Investment Grade, long-term Issuer Default Rating (IDR) of 'BBB+' with a stable outlook.

The Fitch Rating Action Commentary can be read in full here: https://www.fitchratings.com/research/c ... 10-02-2023.


https://www.investegate.co.uk/supermark ... 00046403P/

Ian (No holding, although I have been tempted to buy in the past).

idpickering
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Re: Supermarket Income REIT (SUPR)

#570441

Postby idpickering » February 23rd, 2023, 8:15 am

VALUATION UPDATE AND NOTICE OF HALF YEAR RESULTS.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces an update to the Company's unaudited valuation of its Direct Portfolio1 as at 31 December 2022.

· The Direct Portfolio has been independently valued as at 31 December 2022 at £1,625 million , representing a decline of 13.3% on a like-for-like basis over the six month period.

· The valuation reflects a net initial yield of 5.5% as at 31 December 2022 (30 June 2022: 4.6%) 2 .

The decline in valuation reflects the outward shift in property yields applied by valuers as a result of higher interest rates and the overall macroeconomic environment. However, the valuation decline has been partially mitigated by our contractual inflation-linked rental uplifts. The average increase in rent from rent reviews performed during the six month period to 31 December 2022 was 3.7%3.


https://www.investegate.co.uk/supermark ... 00077748Q/

Ian (No holding).

idpickering
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Re: Supermarket Income REIT (SUPR)

#575496

Postby idpickering » March 14th, 2023, 7:06 am

SALE OF SAINSBURY'S REVERSION PORTFOLIO INTEREST

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces the exchange of contracts for the sale of its interest in the Sainsbury's Reversion Portfolio (the "SRP Portfolio") to Sainsbury's for a total gross consideration of £430.9 million (excluding costs).

The sale completes the previously announced acquisition by Sainsbury's of 21 of the 26 SRP Portfolio properties and concludes the contractual unwind of the SRP Portfolio structure (see further information below).

The transaction is expected to close on 17 March 2023 with the £430.9 million consideration received in three tranches. £279.3 million will be received on 17 March 2023 and £116.9 million on 10 July 2023. The third tranche of £34.7 million is conditional on the sale of the remaining five stores in the SRP Portfolio.

Sainsbury's has entered into new 15-year leases on four of the five remaining stores, with five yearly open market rent reviews and a tenant break option in year ten. Following completion of the transaction, SUPR has an option to acquire these four stores benefitting from the new Sainsbury's 15-year leases for a net consideration of £28.3 million (net of SUPR's existing interest and excluding acquisition costs). It is expected that the one remaining store will be sold at vacant possession value.


https://www.investegate.co.uk/supermark ... 00088233S/

Ian (No holding).

idpickering
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Re: Supermarket Income REIT (SUPR)

#577253

Postby idpickering » March 21st, 2023, 7:20 am

DEBT REFINANCING UPDATE.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces that it has refinanced its existing loan facilities with Bayerische Landesbank ("BLB") with a new three year £86.9 million term loan.

This secured, interest-only, loan replaces the three existing tranches with BLB totalling £86.9 million. The new facility matures in March 2026 and is priced at a margin of 1.65% above SONIA which has been fully hedged for the term of the facility using an interest rate swap to a fixed rate of 4.29% (including margin).

The cost of the hedging instrument for the new facility was £2.8 million. This was more than fully covered from the £3.3 million of proceeds received from the termination of the previous hedging instrument in place for the existing facilities.

100% of the Company's drawn debt is fixed, with a weighted average cost of debt of 2.9%.


https://www.investegate.co.uk/supermark ... 00045931T/

Ian (No holding)

idpickering
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Re: Supermarket Income REIT (SUPR)

#578091

Postby idpickering » March 24th, 2023, 7:05 am

NOTICE OF INVESTOR MEET COMPANY PRESENTATION

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces that Steven Noble and Robert Abraham will provide an investor presentation through the Investor Meet Company platform on Thursday, 30 March 2023 at 3.00pm (BST).

The presentation is open to all eligible persons in the UK and questions can be submitted prior to the meeting via your Investor Meet Company dashboard up until 9.00am the day before the meeting or at any time during the presentation.

Investors can sign up to Investor Meet Company for free and register on:

https://www.investormeetcompany.com/sup ... r-investor

Investors that already follow Supermarket Income REIT plc on the Investor Meet Company platform will automatically be invited.


https://www.investegate.co.uk/supermark ... 00040777U/

Ian (No holding).

idpickering
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Re: Supermarket Income REIT (SUPR)

#579507

Postby idpickering » March 30th, 2023, 8:23 am

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

https://www.investegate.co.uk/supermark ... 00066965U/

Ian.

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Re: Supermarket Income REIT (SUPR)

#582116

Postby idpickering » April 11th, 2023, 7:07 am

Dividend Declaration.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, has today declared an interim dividend in respect of the period from 1 January 2023 to 31 March 2023 of 1.5 pence per Ordinary Share (the "Third Quarterly Dividend").

The Third Quarterly Dividend will be paid on (or around) 26 May 2023 as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business to Ordinary Shareholders on the register as of 21 April 2023. The ex-dividend date will be 20 April 2023.

Eligible shareholders can elect to receive new Ordinary Shares in the Company in lieu of a cash dividend (the "Scrip Dividend Alternative"). The Scrip Dividend Alternative price is to be calculated using the average of the closing middle market quotations for an Ordinary Share, as derived from the Daily Official List of the London Stock Exchange, for the five consecutive business days commencing on the ex-dividend date and will be announced by the Company and detailed on the Company's website on 28 April 2023.

Any shareholders wishing to take up the Scrip Dividend Alternative will have until 5pm on 9 May 2023 either to return their completed mandate form to the Company Registrar, Link Group, at Corporate Actions, 10th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL (in the case of shareholdings in certificated form) or to take the necessary action via the CREST system (in the case of shareholdings in uncertificated form).


https://www.investegate.co.uk/supermark ... 00096977V/

Ian (No holding).

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Re: Supermarket Income REIT (SUPR)

#584812

Postby idpickering » April 24th, 2023, 7:55 am

ACQUISITION OF A TESCO IN WORCESTER FOR £38.3 MILLION.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces the acquisition of a Tesco omnichannel supermarket in Worcester, for a total purchase price of £38.3 million (excluding acquisition costs), reflecting a net initial yield of 6.0%.

Tesco has been operating at the 6.5 acre site for over 30 years. The site comprises a 47,297 sq ft net sales area supermarket, a petrol filling station and 515 car parking spaces. The store is also an online hub for Tesco operating nine home delivery vans and a Click & Collect facility. The store is being acquired from British Steel Pension Fund, with an unexpired lease term of 12 years, with annual upwards only RPI-linked rent reviews (subject to a 4.0% cap and 0.0% floor).

The acquisition is being funded from the first tranche of sales proceeds of the Company's stake in the Sainsbury's Reversion Portfolio (the "SRP").

Ben Green, Director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT plc, said:   

"This acquisition further strengthens SUPR's portfolio of top trading omnichannel supermarkets, evidencing our ability to redeploy the proceeds of the SRP sale at yields which are accretive to the portfolio."


https://www.investegate.co.uk/supermark ... 00071395X/

Ian (No holding).

idpickering
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Re: Supermarket Income REIT (SUPR)

#585727

Postby idpickering » April 28th, 2023, 7:28 am

Scrip Dividend Reference Price.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, today announces that the reference price of a new Ordinary Share under the Company's scrip dividend alternative for the interim dividend in respect of the period from 1 January 2023 to 31 March 2023 (the "Interim Dividend") has been set at 84.29 pence.

This is the average of the middle market closing prices of the Company's Ordinary Shares for the five dealing days commencing with, and including, the ex-dividend date of 20 April 2023.

Further information regarding the Scrip Dividend Alternative offered in respect of the Interim Dividend and the Scrip Dividend Scheme can be found in the Scrip Dividend Circular (the "Scrip Circular") which is available to view and download on the Company's website at:

https://supermarketincomereit.com/inves ... dividends/


https://www.investegate.co.uk/supermark ... 00087502X/

Ian (No holding).

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Re: Supermarket Income REIT (SUPR)

#585798

Postby Laughton » April 28th, 2023, 11:51 am

Given the reference price I'd have liked to opt for the scrip alternative but apparently HL don't allow.

DAK of any brokers that do allow acceptance of scrip dividends for nominee accounts?

idpickering
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Re: Supermarket Income REIT (SUPR)

#587248

Postby idpickering » May 5th, 2023, 7:13 am

Change of Company Secretary and Registered Office.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces that it has appointed Hanway Advisory Limited as Company Secretary with immediate effect.

The registered office address of the Company has also changed with immediate effect to 1 King William Street, London EC4N 7AF.


https://www.investegate.co.uk/announcement/7514299

Ian (No holding).

idpickering
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Re: Supermarket Income REIT (SUPR)

#590025

Postby idpickering » May 19th, 2023, 7:06 am

ADDITIONAL ADMISSION.

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces that it has made an application for 2,876,932 New Ordinary Shares to be admitted to the Premium Segment of the Official List of the Financial Conduct Authority ("FCA") and to trading on the Premium Segment of London Stock Exchange plc's Main Market for listed securities. It is expected that these New Ordinary Shares will be admitted to trading on or around 26 May 2023.

The application is being made pursuant to the scrip dividend alternative in lieu of cash for the interim dividend for the period from 1 January 2023 to 31 March 2023. Elections for a scrip dividend were received in respect of 14.13% of the Ordinary Shares in issue as at the record date of 21 April 2023. When issued, these New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,246,239,185 Ordinary Shares of £0.01 each. With effect from 26 May 2023, the total number of issued shares with voting rights will be 1,246,239,185.


https://www.investegate.co.uk/announcement/7533689

Ian (No holding).


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