Supermarket Income Reit Share Discussion Threads

[williamcooper104] 07/11/2021 14:41

SUPR didn't trade well in the early years as they were ahead of the market that was then lumping supermarkets in with shopping centres and were worried that Amazon would kill UK grocers Shouldn't see the same concerns with ROOF which is clearly hitting popular current market themes

[jonwig] 07/11/2021 12:35

Bscuit - maybe, I don't know, but it may be in the rental terms. SUPR owns the building and external fabric; I doubt the tenant could make alterations on its own initiative.

In fact, there's a precedent: Tesco has an arrangement with SEEIT (ticker SEIT) for such installations, and also has a program for 187 sites. Of course, Tesco owns some and rents some (57% of largest stores owned).

[bscuit] 07/11/2021 12:18

ad_anon and jonwig
That certainly looks like a potential conflict of interest at Atrato level. Why would SUPR bring ROOF into an arrangement it could make direct with the tenant? It begs the question of the quality of SUPR control of what a tenant can do.

[jonwig] 07/11/2021 07:05

sd_anon - fortunately my main broker is ii who seem to the the lead intermediary. I've heard before that HL will satisfy particular requests such as yours, but do they charge a fee?

As for NAV discount/premium, I doubt ROOF could have succeded with an IPO until recently, but it seems timely now. (Though I admit they might not reach the £150m target, I'd be surprised if they fell short of the £100m minimum.)

I hadn't noticed the paragraph you quote, and I'm not sure whether it's material. The main benefit to the tenants is surely the provision of behind-the-meter electricity supply and facility to export. The supermarket companies can of course decline the offer if they calculate that the benefits aren't worth it.

[bountyhunter] 06/11/2021 22:32

ROOF annual management charge 0.95% reducing to 0.75% above £500m

[sd_anon] 06/11/2021 22:26

Is it me or is there a conflict of interests in the following? One which benefits Atrato more than SUPR or ROOF?

Taken from ROOF prospectus section 3.2b.

"Landlord relationships
The Investment Adviser has also developed relationships with property landlords which let
commercial premises to tenants. Such landlords may provide access to their tenants in
order to allow the Company to present solar PV system opportunities to reduce electricity
costs and price volatility whilst contributing to sustainability goals for the tenant and
improving the energy performance of the building for the landlord. The landlord may also
receive a payment from the Group in respect of the use of the rooftop space for the solar
PV system. The Company has entered into a non-legally binding heads of terms of this
type with Supermarket Income REIT plc in respect of origination opportunities across its
property portfolio. As for those origination opportunities sourced via off-taker relationships,
the Company has some flexibility through its investment policy to provide a full offering to
landlords with portfolios extending into other jurisdictions."

[sd_anon] 06/11/2021 21:45

Hi jonwig I'm considering ROOF, annoyingly you can't sign up to the IPO via the HL website but I emailed them and they said you can do it over the phone with them. My ROOF research is what led me to SUPR and this board. The prospectus mentions SUPR. I think you guys can expect to see solar panels on your supermarkets soon.

Was a bit put off to see that SUPR took about 4 years to make it back up to the NAV at IPO? If ROOF does the same they better had trade at a premium or any investor is losing money from the start!

[bountyhunter] 06/11/2021 20:21

May be of interest...



I'm invested here but to my surprise SUPR has been outperformed elsewhere.

[brexitplus] 03/11/2021 08:02

It will be good to see the 200 million raised used soon.

[makinbuks] 26/10/2021 12:00

Looks interesting, could go to a premium. Possibly a little late to the party. I see the all female board is attracting column inches

[jonwig] 26/10/2021 11:59

The manager here, Atrato, is launching a new company, Atrato Onsite Energy [ROOF] which will put solar panels on its properties and others such as warehouses:

[bscuit] 26/10/2021 10:48

By SM I am told provisional will be credited to the account today.

[prokartace] 26/10/2021 10:45

CLEVER ,

AT long last!! have my shares

[clever] 25/10/2021 15:33

The delay by ii has so far costed 0.5p per share (could be more), really annoying!

[chucko1] 25/10/2021 14:35

The important thing is to know what you have, I suppose. Even if you have to search SPAM.

[bscuit] 25/10/2021 14:16

No reply to my secure message to AJB

[spectoacc] 25/10/2021 13:45

PrimaryBid emailed the allocation amount per usual, but nothing appeared in iii a/c yet, and no reply to messages. They've gone downhill since taking on all the Selftrade accounts IMO.

[prokartace] 25/10/2021 13:24

Found my allocation e-mail in my junk mail. Not entirely sure why as I have many e-mails from PrimaryBid all treated as normal. Other than that still no shares in my account

[janeann] 25/10/2021 11:10

still nothing from AJB......... very poor

[income investor] 25/10/2021 10:15

I received my shares from PrimaryBid into my Charles Stanley account. They turned up over the weekend.

[clever] 25/10/2021 09:46

I applied via PrimaryBid but the shares have yet to appear in my ii acount. Has anyone recieved theirs yet?

[drg] 24/10/2021 17:27

When I phoned AJB on Friday they said the delay was not down to them so I'm assuming it must be at Stifel's end. Very odd and especially so as Tuesday's RNS was very vague re allocations.

[bscuit] 24/10/2021 17:20

Ditto Friday for AJB and still, though shown as provisional.

[prokartace] 24/10/2021 16:31

Nothing in Interactive at close of play Friday

[chucko1] 22/10/2021 16:10

They are in HL now - just arrived. 100% allocation on all sizes.