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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Supermarket Income Reit Plc | LSE:SUPR | London | Ordinary Share | GB00BF345X11 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 72.80 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 72.60 | 72.80 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 101.76M | -144.87M | -0.1162 | -6.26 | 906.02M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:06:22 | O | 74,717 | 72.799 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/4/2024 | 07:00 | UK RNS | Supermarket Income REIT PLC Dividend Declaration |
| 03/4/2024 | 09:28 | ALNC |  Supermarket Income REIT increases credit facility to GBP104.5 million |
| 03/4/2024 | 07:00 | UK RNS | Supermarket Income REIT PLC Debt Refinancing Update |
| 25/3/2024 | 07:00 | UK RNS | Supermarket Income REIT PLC Director/PDMR Shareholding |
| 22/3/2024 | 09:53 | ALNC | Supermarket Income REIT buys Tesco omnichannel store for GBP35 million |
| 22/3/2024 | 07:00 | UK RNS | Supermarket Income REIT PLC Acquisition of a Tesco store and amendments to.. |
| 18/3/2024 | 12:00 | ALNC | IN BRIEF: Supermarket Income REIT chair buys shares |
| 18/3/2024 | 07:00 | UK RNS | Supermarket Income REIT PLC Director/PDMR Shareholding |
| 14/3/2024 | 17:16 | ALNC | IN BRIEF: Supermarket Income REIT says Green buys GBP50,000 in shares |
| 14/3/2024 | 07:00 | UK RNS | Supermarket Income REIT PLC Director/PDMR Shareholding |
Supermarket Income Reit (SUPR) Share Charts1 Year Supermarket Income Reit Chart |
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1 Month Supermarket Income Reit Chart |
Intraday Supermarket Income Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/4/2024 | 06:40 | An income play | 2,038 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 06:15:04 | 72.80 | 74,717 | 54,393.23 | O |
| 06:15:04 | 72.01 | 576 | 414.79 | O |
| 06:15:04 | 72.80 | 3,017 | 2,196.38 | O |
| 06:15:04 | 71.74 | 1,849 | 1,326.45 | O |
| 06:15:04 | 72.71 | 1,451 | 1,055.04 | O |
| Top Posts |
|---|
Posted at 18/4/2024 09:20 by Supermarket Income Reit Daily Update Supermarket Income Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker SUPR. The last closing price for Supermarket Income Reit was 72.80p.Supermarket Income Reit currently has 1,246,239,185 shares in issue. The market capitalisation of Supermarket Income Reit is £906,015,887. Supermarket Income Reit has a price to earnings ratio (PE ratio) of -6.26. This morning SUPR shares opened at - |
Posted at 12/4/2024 16:12 by spectoacc It's an interesting view. I don't know enough about the rental values..For me, SUPR can't be compared to Linkers, because Linkers pay out the inflationary rise - we've just had a classic period when SUPR (& the rest) didn't. But if inflation's say 10%, max rent rise 4%, I'd have thought that represented slippage and better reversion. The note seems to be arguing that (say) 4% rises are leading to over-renting instead. Be surprised if that's the case - the value of money falls 10%, your rent compounds at 4%. Where's the surplus property to set the lower rents? This isn't Retail or Offices. |
Posted at 12/4/2024 13:23 by flyer61 The spread trade experiment is over and our focus stock is SUPR, which we cut from Buy to Unpf on -33% PT to 60p (90p) on DCF vs. NAV basis. Indexation continues to push rents in excess of the levels the market will likely support, latterly with the high-yield Stoke-on-Trent acquisition, there is a lack of equivalent yield data, as well as a new investment advisory agreement.I would say it is the opposite....with caps on the RPI linked rents around the 4% mark. For the stores SUPR has it could easily be higher rentals at renewal. Lack of equivalent yield data??? really The new investment advisory agreement is just a clarification exercise by the BOD? |
Posted at 12/4/2024 13:15 by m_kerr At 60p the overall NIY is 7.3%, but the supermarket yield would be slightly lower at 7%.The maths is that the equity is discounted by approx 32% (60/88), and the equity comprises around 64% (LTV around 36% taking into account acquisitions) discount that by 32% gives you a 20% discount on the property. the transactional evidence (per supr acquisitions) for tesco / sbry properties of around 11-12 year leases is around 7-7.5%. at the end of this FY SUPR will be at around 12 year WAULT. so really 60p is not far off in terms of asset value. but as said previously the cash flow is secure as long as tesco or SBRY don't take on huge debts, and the assets should not be trading at this valuation IMV. |
Posted at 12/4/2024 11:25 by orinocor LOL!!!!Supermarket REIT rated a 'buy' on robust balance sheet and dividend guidance Published: 15:49 14 Mar 2024 GMT Tesco store Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has been given a positive evaluation from Jefferies following the fund's half-year 2024 earnings report. Jefferies maintained a ‘buy’ recommendation on the stock, with a price target of 90p. Commenting on the 6.06p dividend per share (DPS) target laid out by Supermarket REIT, analysts said: “We forecast the dividend to be fully covered by the financial year 2024 due to continued rental uplifts for the group as mentioned by management with DPS increasing year on year by a moderate 1%. “Additionally, we forecast a slowdown in both acquisitions and disposals for FY 24-26 with acquisitions being made on an opportunistic basis.” Supermarket REIT’s balance sheet remains “relatively robust”, said Jefferies, “with LTV (loan to value) of 33% as of 31 Dec 2023”. Its shares were swapping for 74.5p in Thursday afternoon trade. |
Posted at 10/4/2024 15:28 by cwa1 Indeed. Was hoping for a bit of a dip in the share price pre-XD and they obliged earlier on when the US futures crashed on poorer than anticipated inflation figures.Picked up a wodge at 75p which seem reasonable value to me Fingers crossed now... |
Posted at 15/3/2024 12:49 by chucko1 SUPR just did 45 minutes on an Investor Meets call. They explained why they could buy sites at 7% NIY although their own portfolio is valued at 5.8% - which in itself, appears historically anomalous, relative to other property classes.Additionally, they explained why they were becomingly increasingly bullish on future rent levels for omni-channel supermarkets - in particular of SBRY and TSCO. Dividend increases in the medium term are a function of this, of course. But they are also a function of leverage, and with significant debt headroom with 7% NIYs available, it is not tricky to see a pathway to a higher dividend. They hinted strongly at moving in this direction. Once again, they mentioned TSCO bonds yielding 6% or so, whereas their own expectations of their own long term IRR at current prices was closer to 12%. Not surprisingly, Atrato folk have been buying the stock PA. As for the analysts, think of it this way: do you prefer to listen to them, or to GS alumni who own a seven figure amount of stock and are adding? Additionally, fund managers who are buying/selling are little better, if at all, than the analysts. There are risks - being higher interest rates from here and for an extended period, say 10 years. Additionally, as previously mentioned, the idea that SBRY or TSCO goes wild on leverage via PE. But even then, the quality of the sites they have would survive that. That said, where will rents be in 10 years? A lot higher, so it is not a grave danger - it would just suppress the share price for a long time. |
Posted at 14/3/2024 12:17 by m_kerr DECent results - its a steady reliable cash generator.Did notice they discussed a point I raised a while back on short lease supermarkets going for 7%+ NIY,compared to their own valued around 5.5%, which implies capital value downside of approx 20% as the leases run down to mid single digits. ABout half of that is in the share price already. I've no doubt the leases would be renewed as they won't ever build any more supermarkets of the sort SUPR own, and as populations increase and cities build out around the edge of towns, that's more customers and business being driven into these assets. So cashflow wouldn't be affected, but it's something to be aware of. Another big risk often ignored is that Sainsbury's take on a load of debt (PE takeover or return of capital) , and the yield moves 2 percentage points out. At least those buying morrisons aren't paying a premium for a covenant. |
Posted at 13/3/2024 11:37 by adamb1978 I'm not bothered about this class of investments in my PF. Positions bought in the last year or two are all red given where interest rates have gone. Personally I'm not looking at day to day movements, or even week to week, given that one interest rates come down share prices of these things will be considerably higher |
Posted at 13/3/2024 09:35 by adamb1978 As with most companies in this class of asset-backed, bond-proxy type companies, the interest rate environment is toxic for the share price.As inflation comes down (we'll get a much lower print next week in the UK) and then interest rates follow, the yield on these things will look compelling vs other low-risk alternatives. So just as prices sank when interest rates rose, the reverse should happen over the coming months. Therefore unless there is something fundamentally wrong with the company, or their leverage is too high for the remaining high interest rate period, adding these sort of things should look very very smart in a few months |
Posted at 20/12/2023 17:46 by chucko1 I calculated that the share price should, in theory, rise by about 0.12p per every 1bps fall in 10 year swap rates. It has been more than that, but I have not included the reduction in "fear" in this mechanical calculation. This is not negligible and I am not surprised by the scale of it so far.There is a risk of far higher prices. If I am heavily in money market funds and earning 5.4%, I am now beginning to become concerned with the duration of these earnings and have to ignore the fact that, say, SUPR is now yielding less than 7% (was 8.5%) with 1.6% being insufficient compensation. 10 year yields are nearer to 3.5% and so I have to consider 2.5% as the reward for risk and for a duration the may be more relevant to the likely scenario of reduced inflation for a long time. [some of this morning's inflation undershoots were highly meaningful, especially the service sector ex-energy component - an unpublished but derived statistic]. This shift in thinking will be key, especially considering the $7trn in MM. funds that may start pondering what is the next move. Scale that for the smaller UK market, and it is still highly significant (by definition). Some of the stuff available at 8.87%+ yields may gap (in price) higher at some stage were the strong REITs such as BBOX, PHP and SUPR to keep moving higher in clumps as they have recently. Against that narrative, Mohammed El Erian made an interesting comment in that he felt that Wall St. was "bullying" the Fed. That may well be the case, but those inflation numbers in the UK were the third significant surprise out of the last four. You simply cannot ignore that. Also, recall those who are looking more at money-supply numbers to decode the current direction of travel rather than the technicalities of oil supplies and wars and such like - you would have made a minor "fortune" if that is your belief also. In short, there is still a lot of fear deficit in current IT prices and we may be in still an early stage of price recovery in many instances. Some other areas such as PE and tech funds look like they are warming up a little, and some of those have been totally rogered. Even with these higher prices, I have net been adding, and taking away from MM - though that is partly a function of my own risk and duaration requirements. |
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