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Supermarket Income REIT ups dividend 1.7% as profit jumps

By BFN News | 09:23 AM | Tuesday 02 March, 2021


Supermarket property investor Supermarket Income REIT upped its interim dividend 1.7% after it boosted its first-half profits on the back of higher rental income and valuation gains. The company declared a dividend for the six months through December of 2.93p per share, up from 2.88p year-on-year. Pre-tax profit jumped to £33.0 million, up from £7.8 million, and annualised passing rent climbed 77% to £46.1 million. 'The last 12 months have highlighted the critical role of grocery property in the UK's feed the nation infrastructure,' chairman Nick Hewson said. 'Our supermarkets play a key role in supporting the response of the UK grocery sector to the pandemic and as a result we have experienced strong property investor interest in our market and consequently a tightening of yields.' At 9:23am: (LON:SUPR) Supermarket Income Reit Plc share price was 0p at 104.5p Story provided by StockMarketWire.com

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