Supermarket Income REIT Expands into French Market

Supermarket Income REIT Plc (GB:SUPR) has released an update.

Supermarket Income REIT plc has expanded its portfolio by acquiring a collection of 17 Carrefour supermarkets in France for €75.3 million, with a net initial yield of 6.3%. This strategic move into the French grocery real estate market signifies the company’s first foray into France, with the acquisition funded through an increased revolving credit facility. The properties, underpinned by inflation-linked leases, are expected to enhance the company’s earnings and add tenant diversity.

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