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To provide its shareholders with an attractive level of income together with the potential for capital growth by investing in a diversified portfolio of supermarket real estate assets in the UK.
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This looks the bargain of reits now. I had a good ride with Whr but got out in the summer specifically because of their alignment with online retail . Similar yield , but not convinced they will maintain as well as SUpr. It is also about property value which obviously got well overheated. Even 6 percent dividend is half inflation rate even if that proves to be temporary. There are many facets to value so am a bit wary of the dividend argument.they are far from guaranteed.
I didn’t really want any more of these but at £1.06 I couldn’t resist today! …..the market clearly doesn’t like the effect of inflation and Interest rates on this company. Yield must be north of 6% now
hardboy
yeah,with that chap from atrato.
he's good that ian king
Also appeared on Ian King Live this morning
Is this BlackRock opening a short?
Wow that's a chunk isn't it? Other directors dipping their hands in their pockets too, to a lesser extent. Big show of confidence, great to see.
Nick Hewson purchase, half a million quid!
I thought the price was way too cheap, good confident move sir.
Speculation in the Sunday Times that Sainsbury's is selling and leasing back 18 stores to fund the buyback of jv properties: "City sources believe Sainsbury's is selling the stores to help finance a separate transaction where it exercises an option to buy 21 of its supermarket properties out of a joint venture with real estate investor Supermarket Income REIT".
Don't be daft, fill your boots quick
I guess the SP could come under more pressure this morning, let's see how it plays out. If this is no longer a defensive stock then there really aren't many defences left for now.
https://www.theaic.co.uk/aic/news/citywire-news/exposed-supermarket-income-slides-on-peel-hunt-downgrade#:~:text=Shares%20in%20Supermarket%20Income%20%28SUPR%29%20have%20tumbled%206%25,to%20%E2%80%98reduce%E2%80%99%2C%20expressing%20concern%20at%20its%20high%20valuation.
In case people don't have an account for the other link
Me too perhaps, I tend to dripfeed as per my user name suggest but will look at the premium and Z score on morningstar tomorrow to get a feel for premium / discount positioning . As a general rule any REITS (regardless of sector) where there is a level of variable or non hedged borrowings have and will continue to be adversley impacted as inflation (and therfore interest rate ) expectations harden give how the NPV of future rental / income streams will be lower. As long as you believe in the REIT, its management team and understand the market it operates in, then I think drip feeding is the only really sensible strategy during volatile / bear type markets. Good luck !
Oh that's a relief dripfeeder, thanks. They certainly don't look "exposed" to me, by comparison to may other REIT's. Will consider adding a few more now.
thanks for that. Looks fair enough actually - the reit was a bit of an outlier at such a premium to nav.
Hi All,
Drop due to Peel Hunt downgrade:
https://citywire.com/investment-trust-insider/news/exposed-supermarket-income-slides-on-peel-hunt-downgrade/a2391246
Thanks.
Could b profit taking, and the reit dropping to below NAV as most (if not all) the REITs I follow have done - I was pleasantly surprised by how well that had held up, until today…..
No apparent reason for the drop, possibly some holders looking for liquidity in a falling market, maybe an opportunity to buy, I have done at around 120.
Hard to say, but slipped below the last placing price now which is concerning. I don't think it can be related to the index inclusion or the company would have released an RNS. The supermarkets themselves are down a little but nowhere near this level. Dividend announcement due any day so if it's a downward revision (which I think is unlikely) we'll know there's been a leak. I'm going for MM games unless anyone can throw some light on it? Whatever the cause it's unwelcome, unless you're topping up of course.
Seems bit odd - not gone ex, volume in line with average? Any thoughts? This should be a defensive play in this market but certainly not acting like one today.
The cloud on the horizon is that people are spending less on their weekly supermarket shop but if we learned anything during the pandemic it's that we can't manage without them. Things would have to go very bad indeed before they start closing stores.
I think the rent rises are linked to inflation but have a cap……so great unless inflation rips loose …in which case we are all fooked anyway! …..still a great REIT though in my humble opinion …surely the negative expectations the markets has built in now can’t much worse …but who knows? ….
If inflation goes up, so does he rent SUPR receives. If most of their borrowing are on long dated interest payments, this should be good in the short term.
Or have I got that wrong?