Supermarket Income Reit Share Discussion Threads

[cwa1] 10/2/2020 17:24

Must confess it had passed me by...

[belgraviaboy] 10/2/2020 17:18

Anyone seen the 'press speculation' referred to in the RNS?

[cwa1] 08/1/2020 07:25

DIVIDEND DECLARATION

The Board of Directors of Supermarket Income REIT plc (LSE: SUPR) has today declared an interim dividend in respect of the period from 1 October 2019 to 31 December 2019 of 1.46 pence per ordinary share, payable on or around 7 February 2020, representing an increase of 2.9% over the previous quarterly dividend of 1.419 pence per ordinary share.

This dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business to ordinary shareholders on the register on 17 January 2020. The ex-dividend date will be 16 January 2020.

[ramellous] 23/12/2019 18:35

From Investors Chronicle..

Not all retail landlords are feeling the pressure equally. While online grocery shopping has also been on the rise, supermarket store sales have held up better than non-food. Supermarket Reit (SUPR) managed to grow its EPRA [European Public Real Estate Association] earnings by almost a third last year and agreed rent reviews at an average 3.2 per cent above previous passing rents, in line with retail price index (RPI) inflation. The £500m fund was established two years ago ahead of new lease liability accounting standards coming into force, aiming to appeal to supermarkets wanting to take property off their balance sheets, and counts ‘big four’ grocery chains Tesco (TSCO) and Sainsbury (SBRY) among its tenants.

The FTSE 100 and investment-grade status of its tenants is what appeals to the company, says co-founder of the Reit’s investment adviser Atrato Capital, Steve Windsor. He also cites the average rent-to-turnover ratio as between 3 and 5 per cent, compared with 30 per cent for fashion retail, as one factor that makes rental levels more sustainable.

The company incorporates how a supermarket’s corporate debt is being priced by the market in comparison to property yields when assessing risk attached to tenants. A lease is a promise to pay an amount in the future, as is a bond, says Mr Windsor. “Hence we like to compare where bond markets price long-dated cash flows to our tenants compared with property markets,” he says.

The spread between supermarket property yields and debt issued by supermarkets has widened. For example, Tesco 2029 corporate debt offers a yield of 2.5 per cent, compared with a yield of 5.2 per cent on supermarket property, according to the MSCI IPQ index.

[cwa1] 04/12/2019 08:38

Supermarket Income REIT (LSE: SUPR), the supermarket real estate investor, announces that annual rent reviews at two of its stores have been determined.



The review at the Sainsbury's supermarket in Ashford, Kent, has resulted in an RPI increase of 2.6% from September 2019. The rent has increased from £3.93 million to £4.04 million.



The review at the Tesco superstore in Thetford, Norfolk has resulted in an RPI increase of 3.0% from December 2019. The rent has increased from £2.64 million to £2.72 million per annum.



Total rent from the Supermarket Income REIT portfolio has increased to £26.0 million following these reviews.



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

[sharesoc] 26/11/2019 21:36

The Supermarket Income REIT presentation from our recent London company seminar can be found in our members area here:

To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here:

[sharesoc] 31/10/2019 18:59

Supermarket REIT present at our next London seminar on the 13th November which may be of interest to potential investors and current shareholders. More details and registration here:

[sharesoc] 25/10/2019 12:43

Supermarket REIT present at our next London seminar on the 13th November which may be of interest to potential investors and current shareholders. More details and registration here:

[rat attack] 18/10/2019 08:06

Picked up some more @102, same price as the offer. Seems like a steal at c4% premium to NAV.

[ramellous] 08/10/2019 13:25

My 4K there now..

[ramellous] 08/10/2019 08:02

No word from ii yet.

[bscuit] 07/10/2019 21:07

I got my £10k in full.

[rat attack] 07/10/2019 18:02

Got all mine as well

[belgraviaboy] 07/10/2019 17:19

I got my full allocation

[bscuit] 05/10/2019 22:46

It would be capable of adverse comment if pis applications up to that level were scaled back.

[rat attack] 05/10/2019 19:15

See the directors were allocated in full up to 21000!

[rat attack] 03/10/2019 07:48

Given I didnt know my allocation from AJ Bell for nearly 2 weeks I may not be of much value here!! Although I did think it was oversubscribed last time and received 100% of what I asked for.

[belgraviaboy] 03/10/2019 07:21

£100m oversubscribed - there will be scaling back.

It would be useful if people posted details of the scaling back as and when they are notified by their brokers.

[rat attack] 02/10/2019 13:38

Looks as though you stand a good chance of receiving your 30000!

[belgraviaboy] 02/10/2019 07:15

Size increased to £100m

[cwa1] 27/9/2019 09:30

Cheers, thanks for that. Seems like quite a tight timetable then.

[belgraviaboy] 27/9/2019 09:26

Not yet - timetable is:

Latest time and date for receipt of forms of proxy in respect of the General Meeting


3.00 p.m. on 27 September 2019

General Meeting


3.00 p.m. on 1 October 2019

Latest time and date for receipt of application forms under the Offer for Subscription


11.00 a.m. on 1 October 2019

Latest time and date for receipt of commitments under the Placing


1.00 p.m. on 2 October 2019

Results of the Initial Issue announced


by close of business on 3 October 2019

Admission and dealings in New Ordinary Shares commence


8.00 a.m. on 7 October 2019

[cwa1] 27/9/2019 08:42

Morning

Have any of you had notifications from your broker yet re applications?

Cheers

[rat attack] 23/9/2019 23:34

belgraviaboy - Appying for 8000 this time the same as I did last time and as you say there was a full allocation last time. As I recall with AJ Bell it was well over a week before finding out the allocation, hopefully they will be more efficient this time!