An announcement from Supermarket Income REIT Plc ( (GB:SUPR) ) is now available.
Supermarket Income REIT Plc reported resilient financial performance for the six months ending December 2024, with a 13% increase in annualised passing rent and a 167% rise in IFRS earnings per share. The company is advancing its strategic objectives, including the internalisation of its management function, which is expected to yield significant cost savings and enhance shareholder alignment. The sale of a Tesco store above book value and acquisitions in the UK and France underscore the attractiveness of its assets and strategic capital recycling efforts. The company is also focused on maintaining a strong balance sheet, with 93% of its debt hedged to fixed rates, and continues to explore opportunities for earnings-enhancing acquisitions.
More about Supermarket Income REIT Plc
Supermarket Income REIT Plc operates within the real estate investment trust industry, focusing on grocery properties that provide secure, inflation-linked, long-dated income. The company primarily invests in omnichannel supermarkets, with a significant portion of its rental income derived from major tenants such as Sainsbury’s, Tesco, and Carrefour.
YTD Price Performance: 9.84%
Average Trading Volume: 4,715,904
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £911M
Learn more about SUPR stock on TipRanks’ Stock Analysis page.
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