Rental income and valuation methodology update

RNS Number : 1503R

Supermarket Income REIT PLC

26 June 2020

 

SUPERMARKET INCOME REIT

(the "Company")

LEI: 2138007FOINJKAM7L537

rental income and valuation methodology update

Supermarket Income REIT (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, provides an update on rental income and confirms that a material uncertainty clause will not be included in its forthcoming portfolio valuation.  

Successful collection of quarterly rent

The Company confirms receipt of 100% of the contracted June 2020 quarterly rental payments.

No material uncertainty clause

The Company's independent valuer, Cushman & Wakefield, has informed the Company that it will not include a material uncertainty clause in its forthcoming valuation of the Company's portfolio (financial year ending 30 June 2020). This is in line with guidance from RICS and reflective of the underlying credit strength of its tenants and the sustained investment demand for grocery property. 

FOR FURTHER INFORMATION:

Atrato Capital Limited  [phone]

Ben Green

Steve Windsor

Steve Noble

Stifel Nicolaus Europe Limited  [phone]

Mark Young

Matt Blawat

Tavistock 

Jeremy Carey ([e-mail])   [phone]

James Whitmore ([e-mail])   [phone]

NOTES TO EDITORS:

Supermarket Income REIT plc (LSE:SUPR) is a real estate investment trust dedicated to investing in supermarket properties that form a key part of the future omnichannel model of grocery and are let to leading UK supermarket operators.

The Company provides investor with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targeting a 7% to 10% p.a total shareholder return over the medium term⁽¹⁾. The Company has increased its dividend target for the year ending 30 June 2020 in line with UK RPI inflation to 5.80 pence per share, payable in quarterly instalments.

The Company's ordinary shares were admitted to trading on the Main Market of the London Stock Exchange, Specialist Fund Segment, on 21 July 2017.

Atrato Capital is the Company's Investment Advisor.

Further information is available on the Company's website www.supermarketincomereit.com

(1)There is no certainty that these illustrative projections will be achieved

 

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