The continued strong advance in Supermarket Income REIT’s (SUPR’s) portfolio in the past year has increased diversification and is generating economies of scale. This was reflected in the 50% uplift in FY22 earnings and increased, fully covered DPS. Supported by indexed rent increases, we forecast continuing positive, dividend-driven, accounting returns, despite higher debt costs, now fully fixed, and a pause in acquisitions.
09 Nov 2022
Supermarket Income REIT - Fully hedged debt protects indexed rent growth
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Supermarket Income REIT - Fully hedged debt protects indexed rent growth
Supermarket Income REIT Plc (SUPR:LON) | 71.9 -0.6 (-1.2%) | Mkt Cap: 896.0m
- Published:
09 Nov 2022 -
Author:
Martyn King -
Pages:
11
The continued strong advance in Supermarket Income REIT’s (SUPR’s) portfolio in the past year has increased diversification and is generating economies of scale. This was reflected in the 50% uplift in FY22 earnings and increased, fully covered DPS. Supported by indexed rent increases, we forecast continuing positive, dividend-driven, accounting returns, despite higher debt costs, now fully fixed, and a pause in acquisitions.