reports
Supermarket Income Reit: 1 director
A director at Supermarket Income Reit bought 48,781 shares at 68p and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
- Sarah Godfrey
Supermarket Income REIT | Initiation of Coverage: Bagging a bargain
Supermarket Income REIT (SUPR) is a specialist property fund that seeks to achieve attractive levels of defensive, long-dated income from a portfolio of grocery stores, mainly in the UK although a recent move into France has provided diversification. While supermarket operators' margins have been squeezed in the recent period of higher inflation, market growth remains solid, and consumers are beginning to trade back up to more premium products as they see their wages rise and price increases mod...
- Sarah Godfrey
AEW UK REIT | Active strategy continues to generate rewards
AEW UK REIT plc (AEWU) is a value-orientated UK real estate investment trust (REIT) with a focus on acquiring mispriced assets and maximising income and capital upside through asset management initiatives. Since our last update, a profitable disposal, new lettings, rental uplifts and lease renegotiations have helped to drive an NAV total return of 10.1% and bring EPRA earnings per share back to fully covering the 2p quarterly dividend, which has been maintained for 36 consecutive quarters since ...
Schroder Real Estate Investment Trust: 1 director
A director at Schroder Real Estate Investment Trust bought 48,159 shares at 52p and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...
AEW UK REIT: 1 director
A director at AEW UK REIT maiden bought 22,329 shares at 94p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
Edison issues report on Supermarket Income REIT (SUPR)
Edison Investment Research Limited Edison issues report on Supermarket Income REIT (SUPR) 10-Jul-2024 / 08:55 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 10 July 2024 Edison issues report on Supermarket Income REIT (SUPR) to view the full report. All reports published by Edison are available to download free of charge from its website Edison is authorised and regulated by the . Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any secu...
- Martyn King
Supermarket Income REIT - The next stage of growth
Supermarket Income REIT’s (SUPR’s) high-quality, omnichannel-focused portfolio is very well positioned to benefit from strong growth trends in the grocery sector. Moreover, with supermarket property yields remaining elevated and interest rates widely forecast to decline, SUPR has begun to deploy available debt capital into accretive acquisitions to support further fully covered DPS growth. This includes a first investment in France, where, like the UK, online grocery sales are growing strongly.
- Sarah Godfrey
AEW UK REIT | Initiation: Proven record of value creation
AEW UK REIT plc (AEWU) is a UK real estate investment trust (REIT) with a difference: it is highly focused on value investment, acquiring mispriced assets and then maximising income and unlocking capital upside through asset management initiatives. Launched in May 2015, AEWU has paid dividends of 2p per quarter – the highest gross dividend payment in its peer group, equating to a current dividend yield of 9.2% – for the last 34 consecutive quarters (many peers cut their dividends during the pand...
- Sarah Godfrey
UK REITs: Building back better
UK commercial property has been a cornerstone asset for many income-seeking investors (both retail and institutional) in recent decades, particularly since the global financial crisis of 2007/8 and the resulting ultra-low interest rate environment. However, since rates began to rise in 2022 to tackle surging inflation, meaningful returns have once more become available on lower-risk assets such as cash and government bonds, which has led to a retrenchment from alternative income assets such as p...
- Martyn King
Supermarket Income REIT - Progressive dividend policy remains in place
With its focus on high-quality omnichannel supermarkets, Supermarket Income REIT (SUPR) is very well positioned to benefit from strong growth trends in the grocery sector, supportive of its income proposition and capital values. The company is confident that the targeted FY24 DPS of 6.06p (+1%) will be fully covered as adjusted earnings benefit from rental growth, cost efficiency and fixed debt costs.
- Martyn King
Supermarket Income REIT - Maintaining returns, with accretive opportun...
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.
- Shonil Chande
LIBERUM: Alternatives Daily: HEIT | OCI | AEWU | AERI | RHM
Harmony Energy Income Trust - Note: Best placed for a shifting marketOakley Capital Investments - Solid Q1 with c.1.1% impact from organic growthAEW UK REIT - Improved dividend cover in Q1Aquila European Renewables - 12.9% NAV TR in FY22Round Hill Music Royalty - Attractive value
- Liberum Research Team
- Liberum Research Team
- Shonil Chande
- Liberum Research Team
- Bjorn Zietsman
- Chris Spearing
LIBERUM: Supermarket Income REIT - H1'23 results
Supermarket Income REIT’s (SUPR) H123 results show EPRA NTA declined -20% to 92p, which is 6.7% below our consensus forecasts of 98p. Property values declined 13.3% on a LfL basis as previously reported in the Feb valuation update, driven by outward yield shift. EPRA EPS decreased -5% to 2.9p (cons. 3.5p) with like-for-like rental income up 1.6%. The outlook statement remains optimistic, citing strong operator performance, and that supermarket yields now fully reflect current economic conditions...
- Shonil Chande
LIBERUM: Alternatives Daily: ROOF | AEWU | THRL | LABS
Atrato Onsite Energy - Largest project acquisition to date drives deployment progressAEW UK REIT - Acquisition of retail warehouse unit at 9.5% NIYTarget Healthcare REIT - Dividend cut by 17%Life Science REIT - Acquisition and purchasers costs drive NAV decline
- Shonil Chande
LIBERUM: Alternatives Daily: DGI9 | PEY | SUPR | TMI
Digital 9 Infrastructure - Upbeat CMD highlights strengths of portfolio companiesPrincess Private Equity - Liquidity position solid for 2023Supermarket Income REIT - Debt refinancing updateTaylor Maritime - TMI CEO appointed CEO of Grindrod Shipping
- Liberum Research Team
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