Supermarket Inc REIT - Acquisition of a Tesco supermarket and updated KID
acquisition of a tesco supermarket and Updated Key Information Document ("KID")
Developed in the early 1990's, Tesco has a long history of trading from this prominent 7.3-acre site which comprises a purpose-built food store and a 400-space surface car park. The store has several purpose-built online distribution docks, supporting Tesco's online grocery business across the region. The asset is being acquired with an unexpired lease term of 10 years with annual, upward only, RPI-linked rent reviews (subject to a 4% cap and 0% floor). The acquisition will be financed via a
The Company has also published an updated Key Information Document ("KID") in accordance with the requirements of the Packaged Retail and Insurance-based Investment Products ("PRIIPs") Regulation.
The KID provides key information about the Company as an investment product. It is not marketing material. The KID contains information about the Company in a prescribed format and should be considered alongside the Company's statutory filings, such as the Annual Report, which can also be found on the website.
The full KID is available to view and download on the Company's website at: https://www.supermarketincomereit.com/investor-centre
"This omnichannel Tesco supermarket is an excellent addition to our portfolio. The store is situated in a prime location and is an important online grocery fulfilment hub, supporting both home delivery and click and collect."
FOR FURTHER INFORMATION:
| || |
+44 (0)20 3790 8087
| || |
Stifel Nicolaus Europe Limited
+44 (0)20 7710 7600
| || |
| || |
+44 (0)20 3727 1000
Dido Laurimore / Eve Kirmatzis / 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 45 properties(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 over the medium term(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 Specialist Fund Segment of the
Further information is available on the Company's website www.supermarketincomereit.com
(1) 19 direct properties, plus 26 via joint venture
(2) There is no certainty that these illustrative projections will be achieved
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the
Quick facts: Supermarket Income REIT PLC
Market Cap: £694.23 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE