Supermarket Income REIT (SUPR) reported strong H123 results and expects to meet its full year dividend target on a fully covered basis. Earnings are fully protected from interest rate increases in the near term and we forecast rent growth to offset the eventual roll-off from hedging. The balance sheet is liquid and in this note we discuss the relative merits of debt repayment, reinvestment and share repurchases.
22 May 2023
Supermarket Income REIT - Maintaining returns, with accretive opportunities
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Supermarket Income REIT - Maintaining returns, with accretive opportunities
Supermarket Income REIT Plc (SUPR:LON) | 71.9 -0.6 (-1.2%) | Mkt Cap: 896.0m
- Published:
22 May 2023 -
Author:
Martyn King -
Pages:
12
Supermarket Income REIT (SUPR) reported strong H123 results and expects to meet its full year dividend target on a fully covered basis. Earnings are fully protected from interest rate increases in the near term and we forecast rent growth to offset the eventual roll-off from hedging. The balance sheet is liquid and in this note we discuss the relative merits of debt repayment, reinvestment and share repurchases.