Supermarket Income Reit Share Discussion Threads

[spoole5] 08/10/2024 10:29

Higher for longer interest rates

[orinocor] 07/10/2024 08:41

even massive buying by 2 directors is not helping this

[marktime1231] 04/10/2024 17:18

Thanks. No thanks. Too much risk, very highly geared, in social housing and office sectors where I have decided to steer clear. It is strong REITs with scale we are interested in, geared yes but reasonable debt, defensive resilient sectors or diversified, for long term high yield income. Past the stage of looking at exciting recovery gambles, pipe and slippers stuff these days.

[kernelthread] 04/10/2024 14:58

SOHO might be worth a look at - it's currently managed by Triple Point :-( but it's switching to Atrato, who currently manage SUPR.
CLS Holdings (CLI) could also be worth a look - NAV supposedly 210p (as at 30th June), current share price 96p.

[marktime1231] 04/10/2024 12:56

SUPR and CREI for me (ex EPIC and AIRE), watching SREI and IHR but 20%+ discount opportunities are vanishing fast. Big bets on UKW and NESF, a similar leveraged cash flow formula, plus BIPS and SMIF making money lending money. Yielding 7-8% diluted by a wedge of cash.

Most of my positions are sufficiently mature I'm using dividend cycles to reduce average holding prices and eke out a wee bit of extra distribution growth. Today things stand roughly at par across the portfolios. This time next year I suspect everything will have turned positive thanks to momentum from reducing interest rates.

Regretting not listening to Buffett and putting a hefty chunk on a gold miner this time last year. Too late now. Not tempted back in to oil or miners, too volatile.

[panshanger1] 04/10/2024 10:27

In the reit space and in my SIPP currently holding PHP ESP RESI SUPR API all chosen with diversification in mind 2 are now in wind down ! ( AEWU is in ISA )Any thoughts on 2 replacements welcome - sustainable dividend and long term hold required !CREI on the list

[riverman77] 04/10/2024 09:28

In the infrastructure sector I now hold PINT, CORD and DORE. The first two have rallied recently but DORE still looking cheap. Also still holding ROOF as refuse to sell at 76.5p when I can get 80p in a few months.

In the REIT space I focus on the higher quality names that also offer an attractive yield - SUPR, AEWU and CREI - discounts no longer particularly wide on the latter 2 but prefer to pay up a bit for quality. Also just recently bought some ASLI as a wind-up play (to replace API).

[panshanger1] 04/10/2024 09:11

I have to say that's the challenge atm finding a decent home for the long run in the reit/renewable/infra area

[farmers son] 04/10/2024 08:49

What other trusts are folks invested in?
I'm in SUPR, SEQI, SOHO, GCP, SEIT, IHR and recently added NESF
Weighted ave. yield is ~9%

[williamcooper104] 04/10/2024 08:43

Annoyingly I'd topped up ROOF with wind up profits on the basis that it would be good home for the long run - to find that it's gone too Worse things have of course happened

[williamcooper104] 04/10/2024 08:38

Same - I'm out of API, ROOF, BOXE and BCPT for stuff that's likely to be investable for the long term - so topped up here and SOHO Just got RESI and ASLI left for my wind up trade

[mark5man] 04/10/2024 08:28

@spoole5 #2213 - me too. Not hanging around for months waiting for the final 2p from API. I know that is still a good return but there are still costs and uncertainties would rather lock in here and wait for lower interest rates in something that might respond more positively to them

[spoole5] 03/10/2024 07:46

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust with secure, inflation-linked, long-dated income from grocery property, has today declared an interim dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.53 pence per ordinary share (the "First Quarterly Dividend").The First Quarterly Dividend will be paid on or around 15 November 2024 as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business to shareholders on the register as of 11 October 2024. The ex-dividend date will be 10 October 2024.As the Company's ordinary shares are currently trading at a discount to the published EPRA Net Tangible Assets per share, the board of directors of the Company (the "Board") believes that it is not in the best interests of shareholders to offer the scrip dividend alternative, under which shareholders would have been able to elect to receive new ordinary shares in lieu of the cash dividend (the "Scrip Dividend Alternative"). The Board has therefore exercised its discretion to suspend the Scrip Dividend Alternative in respect of the First Quarterly Dividend.All shareholders who are entitled to receive the First Quarterly Dividend will therefore receive it in cash.The Board will keep under consideration the offer of a scrip dividend alternative in respect of future quarterly dividends. 

[williamcooper104] 30/9/2024 14:02

Also less bad UK macro means rates a bit higher for a bit longer which is why sterling is bid up at the moment; against that you'll have inflation linked rents coming in a little higher than that would have otherwise

[spoole5] 30/9/2024 13:59

Recycled funds from API in here today

[riverman77] 30/9/2024 13:23

The long dated property funds have lagged the general REIT rally (AGR too) - I don't think this is company specific. They are just less geared to the modesty improving economic outlook in the UK.

[orinocor] 30/9/2024 12:35

It's been a good year overall for real estate investment trusts but this one in particular just can't gain any traction. I don't know if the upcoming dividend announcement will change perception but I'm not holding my breath.

[williamcooper104] 26/9/2024 10:49

Having a mixture of uplifts isn't diluting the quality; just a diversification of sources of income growth Over long term your right in that the important thing is the value of the reversion, such that we don't end up with hugely over-rented income at lease expiry And right now there's if anything likely to be some under-renting

[m_kerr] 26/9/2024 08:47

my expectation here was for a 9% return per annum, crudely made up of 8% yield growing by 1% p/a. The long term leases mean this return could persist for many years to come, assuming valuations remain at the current level. GIven their assets cannot be replicated due (no new material supply for 10 years plus now), that's a fair assumption. WHen rates fall, capital will bid up the value of these assets IMV.

Problem is that by diluting portfolio quality in their eagerness to raise as much equity as possible, only 80% of their portfolio have inflation uplifts. At the start they were 100% RPI. So now dividend rises are minimal. But worth remembering that they've risen every year since IPO unlike most other peers.

[williamcooper104] 24/9/2024 08:32

Yep plus their share price has recovered quite a bit this year giving them a sub 7 cost of equity

[elsa7878] 24/9/2024 08:11

Piece in the Times about Realty Income coming over from the US and hovering up supermarket sites since 2019 and outbidding UK based funds.

[8gggggggg] 23/9/2024 17:24

Thanks so much for that infoDakas

[alan@bj] 23/9/2024 16:00

I've half a mind to copy your well-phrased second paragraph, Marktime. There are several other bulletin boards I'm inclined to paste it on.

[marktime1231] 23/9/2024 14:50

Thank you for curbing my enthusiasm.

If you don't believe in the management, their strategy, the performance outlook you should not be invested here. If you are worrying about things to get a cheaper entry point please carry on repeating your doubts.