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 0.0% 107.50 1,067,344 16:35:04
Bid Price Offer Price High Price Low Price Open Price
107.50 108.00 107.75 107.25 107.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 32.76 9.80 11.0 716
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:04 O 150,000 107.388 GBX

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Date Time Title Posts
15/1/202109:16An income play276

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Supermarket Income Reit Daily Update: Supermarket Income Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker SUPR. The last closing price for Supermarket Income Reit was 107.50p.
Supermarket Income Reit Plc has a 4 week average price of 105.50p and a 12 week average price of 102.50p.
The 1 year high share price is 112.75p while the 1 year low share price is currently 89.75p.
There are currently 665,928,154 shares in issue and the average daily traded volume is 1,265,208 shares. The market capitalisation of Supermarket Income Reit Plc is £715,872,765.55.
williamcooper104: Last I looked the CDS on Tesla was c200bps - that looked the better risk/reward short given that Tesla's cashflow/debt service is its share price
williamcooper104: We could indeed - Amazon by drones will still need well located logistics hubs - there's probably a disrupter down the line for SUPR and logistics generally - but can't see much reason to worry about that now SUPR is wonderfully, delightfully boring
berrydog9: I use SUPR as a home for uncommitted equity cash. Rather than leave cash in the bank - pointless. I put it in SUPR take the yield until such time as a new equity play comes about and then switch. I find it a sensible place to put spare cash on a temporary basis.PHP is an alternative play. All imho dyor etc etc.
return_of_the_apeman: If this was £1.46 today the yield would still be 4% + RPI I would still see value in buying at that price Not expecting it to get there but if inflation does get going - who knows News on further aquisitions due imho We shall see Gla
chucko1: In the past 324 months (27 years) the rate of inflation (RPI) has exceeded the average cap rate around 10% of the time. Has been lower than the floor rate (averaging just over zero) less than 1% of the time. They have struck these levels about right, but that is not surprising as Steve Windsor is quite capable of getting the net value of these two options (short the cap and long the floor) from his prior (significant) capital market experience (I should know - he used to try and flog things to me). CPIH caps are lower at 3%, but this rate averages 1% lower anyway. This 10% figure is pure data mining, however, as prior to 1993, things would not have been so rosy - nevertheless, upon a resurgence of inflation I imagine the caps would be raised somewhat which would have long term benefit (like insurance companies raising catastrophe premia post a catastrophe - best time to buy the shares of these companies!). I would not really compare this investment with that of a fixed bonds, anyway. You can, but look at where UK inflation linked Gilts are priced - at nominal Gilt Yields MINUS 292bps. You'd better hope for biblical inflation to buy these assets. Take the 2027 Gilt linker - a coupon of 1.25% plus inflation, but paying a price of 131.9% of par. SUPR has a "coupon" of 5.86% + "inflation". So whatever dents to the true inflation uplift, the added risk (including credit) is easily compensated for (which is also the clearly stated company view, FWIW). Worth bearing in mind that the WAULT is 16 years and that the income streams from the tenants are likely closely aligned with RPI. Talking about credit risk, the 10yr CDS level on TSCO is 137bps, so is a reasonable measure of added risk. That said, I would think that a failed credit could be replaced in short order but potentially with a loss of some value, but nowhere equal to the whole of the expected loss indicated by 137bps pa. I have bought quite a lot of these, consequently.
cwa1: Waverton increasing holding:-
williamcooper104: RPI going to fall by c70-100bps after 2030 - as a basic maths error is corrected But most commercial property leases with RPI linked rents contain compensation clauses for material changes to the index Not sure how many of SUPRs leases have this protection - but it's fairly common (though I've seen many dodgy/incorrectly drafted RPI rent review clauses so a lot depends on detail and lawyers understanding maths) If SUPR does have this protection then the relative value over index linked gilts just got a lot better
jonwig: brexitplus - companies usually sound out their larger shareholders before pricing an issue. There's a certain amount of shadow boxing in that the company would like a higher price, the shareholders a lower one. The issue price has to sit between the NAV and the current share price, and needs also to account for selling on the news, as happened here (drop from 111 to 105).
brexitplus: Which begs the question “Why weren’t the shares priced higher?” Not that I am complaining but the issue price appears to have led to the share price drop.
jonwig: Thanks asm. The Questor article begins with general quotes from Justin King (who is an advisor to the company) which are in the AR, and ends with: The trust has recently added Waitrose to its original tenant roster of Tesco, Sainsbury’s and Morrisons, and continues to focus on stores that are able to meet both online and in-person demand. The fund has grown quickly in the past year: the value of its portfolio was £477m at its year end in June, compared with £231m a year previously, and since then it has announced plans to raise more money from shareholders to buy more assets. Private investors can take part via the PrimaryBid platform. Not only are its tenants financially solid but they are tied into long-term leases that involve “upward-only” inflation-linked rent increases. As a result of this, and of the trust’s 100pc record of rent collection during the pandemic, it intends to increase this year’s dividend in line with inflation (on the RPI measure, normally more generous than the CPI) to 5.86p from 5.8p in the year to June. At last night’s share price of 109p the new divi would give a yield of 5.3pc while the premium to net asset value is 7.9pc. Such a high yield, based on a secure and rising income stream, appears strikingly attractive to Questor when Bank Rate is 0.1pc. A strong hold. Questor says: hold Ticker: SUPR Share price at close: 109p
Supermarket Income Reit share price data is direct from the London Stock Exchange
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