Supermarket Income Reit Share Discussion Threads

[marktime1231] 03/9/2024 15:43

Curiously volatile having recently tested 76p. I too added on this weakness with the yield popping over 8%, and will happily go again. We can expect a steady share price recovery as interest rates fall, whatever this round of results.

[chucko1] 03/9/2024 13:37

It is pretty weak, especially considering the lower longer rates.

But today, for example, the REITs are mainly all weak, considering the 5-6bps lower 5 and 10yr rates. They are trying to be equities today, rather than quasi bonds.

I like the sub 73p buy and I will be joining in once the coast is clearer. It's only my second largest equity holding for now, SEQI taking top spot.

After navigating 500bps of rate rises and COVID, all we need is central government lunacy. Mind you, always an opportunity, I suppose.

[cwa1] 03/9/2024 12:09

Well SUPR seems a pretty weak counter recently. Taken a few more at just under 72.8p. Perhaps a weak holder gently offloading in the background?

Anyway...results soon...so hopefully an upbeat update might help. Rose tinteds on :-))

notice of FULL year results


Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust with secure, inflation-linked, long-dated income from grocery property, will announce its full year results for the year ended 30 June 2024 on Wednesday, 18 September 2024.

An in-person presentation for analysts and investors will be held at 8:30 a.m. on the day of the results. The presentation will also be broadcast via a webcast with a Q&A function for those unable to attend

[williamcooper104] 28/8/2024 10:38

PHP It's more expensive than SUPR on epra EPS mult and implied propertyyield but it's got more leverage and there's rumours of PE sniffing around

[cousinit] 28/8/2024 09:28

Looks like more interest rate cuts incoming (suspect if they arrive in US other CBs will follow).

Any views on options other than SUPR where asset income is long dated but market concerns over future debt costs/current RCF cost is depressing the equity?

[panshanger1] 23/8/2024 14:35

Nice spike after Powell's comments at Jackson Hole

[someuwin] 19/8/2024 07:42

Chart looks good and divi of over 8%. I'm buying.

[chucko1] 16/8/2024 12:24

Could be, though have not looked the past while. Nevertheless, was in ii and NOT in HL last time I looked.

Update: is there in HL now.

[spectoacc] 16/8/2024 11:38

Mine was in HL, curious - landed before Noon, which is early for them.

[chucko1] 16/8/2024 11:37

Immediately in ii, but no sign in HL. This is a constant theme, whether it be dividends or, more importantly, significant corporate actions.

HL really will need that new investment in systems etc. to stay "ahead".

[spectoacc] 16/8/2024 10:39

A "super" divi landed.

[petewy] 01/8/2024 15:55

bEEN SAYING THAT FOR TWO LOOOOOONG YEARS

[igoe104] 01/8/2024 12:57

Hopefully this is the start of a good period for supr and the reit sector. Surely the worst is behind us now..

[nickrl] 26/7/2024 15:54

Short termish (2yrs) the ING arrangement has been able to make use of existing swaps otherwise it would have been double the rate but should have rates lower by the time they expire.

[tradez4dayz] 26/7/2024 15:46

A good deal

[speedsgh] 26/7/2024 13:22

£170 MILLION DEBT REFINANCING UPDATE -

[m_kerr] 12/7/2024 10:07

Very important point on the petrol stations. AS of sep 2023 I make it 31 out of their 47 larger stores (excluding recent acquisitions, France and the 8 low value waitrose stores) have them.

MArgins on fuel have increased significantly over the years (as PE have taken control of so many in the Uk). Now at the point where the presence of a station makes it even more important to retain the site, from the operators point of view.

[williamcooper104] 11/7/2024 21:03

The 4% works both ways in that higher turnover stores, particularly with petrol stations can sustain higher levels We've stayed within the supermarket sector with a focus on omni channel; a few retail warehouses come along with that, don't see the problemThe Sainsbury's JV was a little outside the box too and worked well

[m_kerr] 11/7/2024 19:27

WC - my point is they bought less desirable investments of the sort I mentioned (per their own IPO prospectus they stated these are unattractive investments) as there weren't billions of pounds of higher quality investments available to buy. The market didn't change at all, apart from forward returns on new investments being lower due to tightening yields.

What you say may be correct, however it goes against what they preaching at IPO.

I have also pointed out that I think the 4% rent theory may be tested by a store doing a high percentage of low margin (or even loss making) online sales, watch this space.

[panshanger1] 11/7/2024 15:45

Yes I saw that Definitely getting a bit of momentum now

[return_of_the_apeman] 11/7/2024 15:41

490k UT @76p means this finished up on x-div day :-)

[williamcooper104] 11/7/2024 13:29

They have widened the strategy a bit; but when the market changes that's a sensible thing With so much underlying sales growth assets that are over rented today shouldn't be by time lease expires Eg if you buy at 7 and by the time of lease regear you're rack rented then post regear you should be down at c5, giving 40% capital growth plus the 7 yield while waiting producing levered mid teen IRRs

[cwa1] 11/7/2024 07:04

XD this morning, just over 1.5p. Paid 16th of August

[williamcooper104] 11/7/2024 06:52

Euro rates are c150bps lower than ours, so they ought be able to get a spread of around 300bps Building income is what it's all about; and will lead to a better cost of equity/higher share price over time