Supermarket Income REIT (SUPR): Financial and s...

Edison Investment Research Limited
Edison Investment Research Limited: Supermarket Income REIT (SUPR): Financial and strategic progress

22-March-2022 / 08:51 GMT/BST


 

London, UK, 22 March 2022

 

Supermarket Income REIT (SUPR): Financial and strategic progress

Supermarket income REIT (SUPR) showed a strong H122 financial performance, driven by accretive portfolio growth alongside index-linked rental growth. The prospects for this to continue are well supported by structural trends in the market. SUPR continues to identify accretive acquisition opportunities while its recent admission to the Premium Segment of the LSE and Investment Grade credit rating provide additional flexibility and depth to its funding strategy.

SUPR provides visibility of income and DPS growth with good inflation protection. The prospects for further capital growth are also favourable. The FY22 target DPS of 5.94p represents a yield of 4.9%, in line with a selected peer group of other long-income REITs and supporting the c 7% premium to end-H122 NAV.

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