TIDMSUPR

RNS Number : 8804J

Supermarket Income REIT PLC

29 December 2020

SUPERMARKET INCOME REIT

(the "Company")

LEI: 2138007FOINJKAM7L537

acquisition of a waitrose supermarket in market harborough

Supermarket Income REIT (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of a Waitrose supermarket in Market Harborough, Leicestershire from Alpha Real Estate for GBP9.1 million, representing a net initial yield of 4.3%.

Developed in 2013, this prominent 2-acre site is located in the town centre and comprises a 18,000 sq ft net sales area supermarket with over 180 car parking spaces. The store forms a key part of the Waitrose online grocery fulfilment capacity in the region, providing both home delivery and click and collect to its local catchment. It is being acquired with an unexpired lease term of 19 years (with a break option at year 14), with 5-yearly rent reviews subject to 2% fixed, annually compounded uplifts.

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said:

"We are pleased to have added a further Waitrose store to our growing portfolio. This store has strong omnichannel trading fundamentals and is situated in a prominent location within a highly affluent town."

 
 FOR FURTHER INFORMATION 
 Atrato Capital Limited            +44 (0)20 3790 8087 
 Ben Green / Steve Windsor /       ir@atratocapital.com 
  Steve Noble 
 
 Stifel Nicolaus Europe Limited    +44 (0)20 7710 7600 
 Mark Young / Matt Blawat 
 
 FTI Consulting                    +44 (0)20 3727 1000 
 Dido Laurimore / Eve Kirmatzis    SupermarketIncomeREIT@fticonsulting.com 
  / Andrew Davis

NOTES TO EDITORS:

Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's 49 supermarkets(1) are let to leading UK supermarket operators, diversified by both tenant and geography.

The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return.(2) The Company has increased its dividend target in line with UK RPI inflation each year.

The Company's ordinary shares were admitted to trading on the Main Market of the London Stock Exchange, Specialist Fund Segment, on 21 July 2017.

Atrato Capital is the Company's Investment Adviser.

Further information is available on the Company's website www.supermarketincomereit.com

   (1)   23 directly owned supermarkets, plus 26 via joint venture 
   (2)   There is no certainty that these illustrative projections will be achieved

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December 29, 2020 02:00 ET (07:00 GMT)

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