Supermarket Income REIT gets tailwind from buoyant grocery sector

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  • Supermarket Income REIT buys Tesco-occupied site in Colchester
  • Supermarket Income REIT comfortable on busy grocery store sector
  • Atrato Capital, the investment advisor to Supermarket Income REIT explain recent rise in inflation
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LSE:SUPR

Market: LSE
Market Cap: GBP9.28 m
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Supermarket Income REIT plc is a real estate investment trust dedicated to investing in supermarket property forming a key part of the future model of UK grocery.

The company provide investors with long-dated, secure, inflation-linked income with capital appreciation potential over the longer term.

21 Apr 2021

() acquired a Tesco-occupied supermarket in Colchester, Essex from the Standard Life Investments Long Lease Fund for GBP63mln.

Excluding acquisition costs, the purchase price represents a net initial yield of 4.5%, the REIT said.

The site was refurbished in 2011, it added, and comprises a 54,300 sq ft net sales area supermarket, a 16-pump petrol filling station and 570 parking spaces.

The store has several online fulfilment distribution docks supporting Tesco’s online grocery business across the region.

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19 Mar 2021

() has raised GBP153mln through the issue of shares, including GBP3mln raised through the platform.

Even after increasing the size of the issue from GBP100mln to GBP150mln (plus the element), the share issue was oversubscribed. The shares were issued at 106p a pop.

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18 Mar 2021

() said it has decided to increase the target size of the issue up to GBP150mln.

The move comes after receiving “strong level of support” from potential investors and its investment adviser’s confidence in executing on the pipeline.

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06 Apr 2020

Negotiating rents has been one of the key issues during the coronavirus crisis: most landlords have been accepting rent deferrals or offering discounts altogether to help their tenants.

But () has stood out after receiving all of its rents for March even before the expected deadline.

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20 May 2021

Supermarket Income REIT’s () Ben Green talks to Proactive London’ Katie Pilbeam about the reasons behind the recent rise in UK inflation.

The annual UK inflation rate more than doubled in April, as a rise in energy and clothing costs drove prices higher.

He says for investors they are wondering if this is temporary or sustained and how to protect their portfolios.

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Atrato Capital, the investment advisor to Supermarket Income REIT explain…

Supermarket Income REIT’s (LON:SUPR) Ben Green talks to Proactive London’ Katie Pilbeam about the reasons behind the recent rise in UK inflation.

The annual UK inflation rate more than doubled in April, as a rise in energy and clothing costs drove prices higher.

He says for investors…

6 hours, 39 minutes ago

4 min read

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