Edison Investment Research - Supermarket Income REIT Plc (A2DVHX) Supermarket Income REIT - Maintaining returns, with accretive opportunities

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Edison Investment Research

Martyn King

Supermarket Income REIT - Maintaining returns, with accretive opportunities

Supermarket Income REIT (SUPR) reported strong H123 results and expects to meet its full year dividend target on a fully covered basis. Earnings are fully protected from interest rate increases in the near term and we forecast rent growth to offset the eventual roll-off from hedging. The balance sheet is liquid and in this note we discuss the relative merits of debt repayment, reinvestment and share repurchases.

22/05/2023 1 EN

Underlying

Supermarket Income REIT Plc

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GB00BF345X11 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Martyn King

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Supermarket Income REIT - Maintaining returns, with accretive opportunities

Supermarket Income Reit: 1 director

Supermarket Income REIT | Initiation of Coverage: Bagging a bargain

Edison issues report on Supermarket Income REIT (SUPR)

OPAP - Winning strategy

Patria Private Equity Trust - High liquidity and solid long-term track record

MoneyHero - Emphasis on driving margin

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