Agreed rent reviews

RNS Number : 3636G

Supermarket Income REIT PLC

05 November 2018

 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537  

AGREED RENT increases: TESCO THETFORD SUPERMARKET AND SAINSBURY'S ASHFORD SUPERMARKET

Supermarket Income REIT (LSE: SUPR), the supermarket real estate investor, announces that the annual rent reviews at its Sainsbury's supermarket in Ashford and its Tesco supermarket in Thetford have been concluded.

As a result of the reviews, the rent on the Sainsbury's supermarket in Ashford will increase from £3,820,092 to £3,934,694 as of September 2018, resulting in an RPI increase capped at 3%, and the rent on the Tesco superstore in Thetford will increase from £2,558,300 to £2,643,043 as of December 2018, resulting in an RPI increase of 3.3%.

After the review, the annualised rental income of the portfolio will be £16.5 million.

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of these reviews underlines the attractive RPI-linked rental uplifts that are a feature of all our leases".

For further information, please contact:

Atrato Capital Limited                                  [phone]

Ben Green

Steve Windsor

Steve Noble

Stifel Nicolaus Europe Limited                   [phone]

Mark Young

Neil Winward

Tom Yeadon      

Tavistock                                                          [phone]

Jeremy Carey

James Whitmore

James Verstringhe         

NOTES TO EDITORS:

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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