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Supermarket Income REIT (SUPR) investor relations material
Supermarket Income REIT H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a transformational year with six major strategic milestones, including lease renewals above ERV, internalisation, a £403m JV, debut bond issuance, capital recycling, and a secondary listing.
Operates in a defensive, non-discretionary grocery sector with resilient income, long WAULT, and strong tenants, providing stable, predictable returns.
Portfolio comprises mission-critical, last-mile omnichannel fulfillment hubs, with 100% occupancy and rent collection.
Financial highlights
Net rental income rose 7.3% year-on-year to £115m, including JV rents and a 3.4% average rental uplift.
EPRA cost ratio reduced to 13%, targeting sub-9% in the near term.
Declared dividends of £0.0612, up 1%, with 98% dividend cover.
Portfolio valuation increased 1.9% like-for-like to £1.6bn; EPRA NTA at £1.81 per share, broadly flat.
Total accounting return of 7.2%, underpinned by secure, investment-grade income.
Outlook and guidance
Positioned for growth with £315m liquidity headroom, a cost-efficient platform, and a strong acquisition pipeline.
Targeting a fully covered and growing dividend by year-end, aiming to close the NAV discount.
Expects yields to have peaked, with future NAV growth anticipated as market competition increases.
- TimeTickerHeadlineOpen
- 7 FebGICRE
Net profit for the nine months surged to ₹6,62,217 lakhs, with a robust solvency ratio of 3.87. - 7 Feb517271
Strong revenue and profit growth, interim dividend, and major investments approved. - 7 Feb514167
Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus.
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