Supermarket Income REIT Plc (GB:SUPR) has released an update.
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Supermarket Income REIT has reported a stable financial year ending June 2024, with a 12% increase in annualised passing rent and a 4.4% rise in adjusted earnings per share, underpinned by accretive acquisitions and a strong balance sheet. The portfolio valuation grew by 5% to £1.78 billion, maintaining a firm loan-to-value ratio at 37%. Additionally, the company has announced a target dividend increase for FY25, reflecting confidence in its strategic growth and operational resilience with 100% occupancy and rent collection.
For further insights into GB:SUPR stock, check out TipRanks’ Stock Analysis page.
