Lot more to come from Supermarket Income REIT says Berenberg


continues to be driven along by strong sector tailwinds says Berenberg, which reiterated its share price of 135p and ‘buy’ recommendation on the grocery chain landlord.

The broker expects the recent impressive rate of growth to slow but sees value in the company’s high-quality, omnichannel portfolio of stores, with plenty of asset management potential, including sustainability initiatives.

SUPR trades at a 3.1% premium to the wider UK real estate sector and yields 4.9% but that leaves plenty more to come from the shares, concludes the broker.


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