Supermarket Income REIT plc (SUPIF)
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Supermarket Income REIT aims to be more ‘active', plans to switch listing category accordingly
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has announced plans to transfer its listing category from the closed-ended investment funds category to the equity shares (commercial companies) category of the Official List. “The board has concluded that generating attractive shareholder returns also arguably requires a more commercial/active asset management approach and having the flexibility to pursue new strategies will be a key element of its ongoing success,” the company said in a statement.
Supermarket Income REIT secures £90m debt refinancing to simplify borrowing structure
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has completed a £90 million refinancing deal that will replace two near-term maturing loans and streamline the trust's borrowing arrangements. The London-listed investor in grocery-led property said the new three-year facility, provided by Barclays, is unsecured and carries an interest margin of 1.55% over the Sterling Overnight Index Average (SONIA).
Supermarket Income REIT making all the right moves
In the face of the market persistently discounting their shares relative to net assets over the past couple of years, most self-respecting investment trust boards have tried various strategies to close the gap. Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has done what several others have discussed but rarely delivered - it has parted ways with its external investment manager and brought the team in-house.
Supermarket Income 's price target hiked as internalisation is 'unequivocally positive'
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) received a reiterated 'buy' rating from analysts at Stifel, who raised their price target to 90p from 80p. This followed a number of strategic changes over the past year, including the internalisation of its management function, which was completed this week.
Supermarket Income REIT completes internalisation of manager as CEO and CFO
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has completed the internalisation of its management function, as approved by shareholders last week, bringing its former external fund managers into the company as chief executive officer and chief financial officer. The grocery property investment company previously reached an agreement with external manager Atrato for a consideration of £19.7 million.
Supermarket Income REIT: Earnings, leases & strategy - ICYMI
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) managing director, Robert Abraham, and finance director, Michael Perkins, talked with Proactive about the company's interim results for the six months to December 2024. Abraham highlighted the company's strategic progress, including cost reductions through internalisation, asset disposals, and lease renewals.
Supermarket REIT numbers meet expectations; investment bank repeats 'buy'
Stifel has reiterated its 'buy' rating on Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) following the company's half-year results. The real estate investment trust, which focuses on grocery store properties, delivered performance in line with expectations, but the real story is what happened after the period ended.
Supermarket Income REIT's 'internalisation' plan is 'very sensible', says broker
Peel Hunt has welcomed Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) decision to internalise its management, saying the move "seems very sensible." The company is ending its external advisory deal with Atrato Group and taking full control of operations for £19.7 million, funded by the recent sale of a Tesco store.
Supermarket Income REIT outlines plans to take full control of its management
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) is taking full control of its management, ending its external advisory arrangement with Atrato Group. The decision will see the company internalise its management for £19.7 million, funded from the recent sale of a Tesco store in Newmarket.
Supermarket Income REIT shares go live in South Africa
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has gone live on the Johannesburg Stock Exchange in South Africa. The London-listed supermarket property investor initially declared its intention to list shares on the JSE in its full–year earnings report in September.
Supermarket Income REIT could be worth £1 a share - here's why
Shares in Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) were range-bound after the acquisition of a Sainsbury store, and its capital recycling pledge. The deal to acquire the property in Huddersfield, West Yorkshire, will cost the group just under £50 million - but it will receive a rental yield of 7.6%, which broker Peel Hunt reckons is around 1.8 percentage points higher than it receives from its broader portfolio.
Supermarket REIT matched expectations in 2024 results - analyst
Broker Peel Hunt has reiterated its hold rating on Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) after it reported its 2024 financial results, which Peel Hunt said came in “broadly as expected”. The real estate investment trust posted an adjusted earnings per share (EPS) of 6.08p, slightly ahead of Peel Hunt's forecast of 5.98p.
