Question 1

What shareholder vote is planned for Supermarket Income REIT on 15 July 2026?

Accepted Answer

On 15 July 2026, Supermarket Income REIT is holding a general meeting shareholder vote on a £100m equity issue; approval would enable acquisition completion and the vote is listed as upcoming (conditional).

Question 2

When is Supermarket Income REIT targeting admission of new shares to fund its asset purchases?

Accepted Answer

Supermarket Income REIT is targeting admission of new shares by 5 August 2026, with a longstop of 14 August 2026, and the admission is set to release proceeds for the nine-asset purchases.

Question 3

What grocery assets did Supermarket Income REIT acquire for £104m?

Accepted Answer

Supermarket Income REIT acquired six grocery assets for £104m, including a Sainsbury’s store in Macclesfield, a Morrisons in Leeds, an M&S-anchored retail park in Nottinghamshire, a Co-op foodstore in Birmingham, an M&S-anchored scheme in Glasgow, and a Sainsbury’s distribution centre in Avonmouth.

Question 4

How much did Supermarket Income REIT raise in equity to fund the acquisitions?

Accepted Answer

Supermarket Income REIT proposed a £100 million equity issue, plus additional borrowing, to fund the acquisitions while keeping maximum loan-to-value at 45% and targeting net debt to EBITDA of 7–8x.

Question 5

What is the weighted average unexpired lease term (WALT) of Supermarket Income REIT’s nine-asset portfolio?

Accepted Answer

The nine-asset portfolio has a weighted average unexpired lease term (WALT) of about 10 years.

Question 6

What net debt to EBITDA ratio does Supermarket Income REIT target when assessing leverage for transactions?

Accepted Answer

Supermarket Income REIT targets a net debt to EBITDA ratio in the 7–8x range when assessing leverage for transactions.

Timeline

Supermarket Income REIT

Supermarket Income REIT deploys £100m raise on six new assets

Supermarket Income REIT raises £100m for £216m grocery deal

Supermarket Income REIT completes £445m debt refinancing at lower margin

More in Real Estate & REITs

Safestay completes £3m Holland Park sale

Unite Group reiterates earnings guidance as bookings edge higher

RentGuarantor signs partnership with King's College London

Sirius Real Estate posts double-digit rent roll growth in first half

Landsec launches £500m placing to fund Metrocentre takeover

Landsec buys full control of Metrocentre for £516m

PHP rental growth outpaces guidance as joint venture deals progress

Unite Group sells King's Place site for £60m

NewRiver forms retail park venture with £73.5m Leeds buy

S&U profit steady as motor finance rebound offsets weaker Aspen

Landsec sells Victoria Street office for £211m

Browse by Sector

Market reports

Energy & Resources

Financials

Technology

Healthcare

Industrials

Consumer