Supermarket Income REIT PLC Agreed rent reviews (3636G)

TIDMSUPR

RNS Number : 3636G

Supermarket Income REIT PLC

05 November 2018

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

AGREED RENT increases: TESCO THETFORD SUPERMARKET AND SAINSBURY'S ASHFORD SUPERMARKET

Supermarket Income REIT (LSE: SUPR), the supermarket real estate investor, announces that the annual rent reviews at its Sainsbury's supermarket in Ashford and its Tesco supermarket in Thetford have been concluded.

As a result of the reviews, the rent on the Sainsbury's supermarket in Ashford will increase from GBP3,820,092 to GBP3,934,694 as of September 2018, resulting in an RPI increase capped at 3%, and the rent on the Tesco superstore in Thetford will increase from GBP2,558,300 to GBP2,643,043 as of December 2018, resulting in an RPI increase of 3.3%.

After the review, the annualised rental income of the portfolio will be GBP16.5 million.

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of these reviews underlines the attractive RPI-linked rental uplifts that are a feature of all our leases".

For further information, please contact:

   Atrato Capital Limited                                  [phone] 

Ben Green

Steve Windsor

Steve Noble

   Stifel Nicolaus Europe Limited                   [phone] 

Mark Young

Neil Winward

Tom Yeadon

   Tavistock                                                          [phone] 

Jeremy Carey

James Whitmore

James Verstringhe

NOTES TO EDITORS:

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

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November 05, 2018 06:56 ET (11:56 GMT)