Edison Investment Research - Supermarket Income REIT Plc (A2DVHX) Supermarket Income REIT - Reducing NAV but focusing on income

Report

Edison Investment Research

Martyn King

Supermarket Income REIT - Reducing NAV but focusing on income

Ahead of interim results for the six months ended 31 December 2022 (H123), Supermarket Income REIT (SUPR) has reported its externally assessed property valuation. The like-for-like 13.3% decline is below the broad market decline of c 19% but above our assumption. We have reduced our FY23e EPRA NTA per share by c 10% to 91p but our forecasts for EPRA earnings, dividends and dividend cover are unchanged.

28/02/2023 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 - Reducing NAV but focusing on income

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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