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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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Started: okfornow, 14 Jun 2024 08:39
Last post: Slikoil, 17 Jun 2024 16:17
Sold some over 77 two weeks ago, easy 10% in it if it goes temp under 70.
Lowest closing price in recent downtrend has been 70.60. Im reasonably confident this will not drop into the 60’s.
Bit surprised this stock is getting beaten down.
Have made good money in the past trading here.
Will buy if it drops into the 60's.
GLA holders.
Started: PeterWalmsley, 23 May 2024 10:35
Last post: TerryM1, 11 Jun 2024 15:38
PeterWalmsley
There are 4 types of dividends a company can pay including REITs
Ordinary dividend, taxed at 8.75% for basic rate tax payers with £500 tax free
Capital repayment, taxed as capital gain, first £3000 tax free
Interest dividend taxed as interest like bank or building society interest, 20% basic rate tax payer, first £1000 tax free
PID taxed at 20% for basic rate tax payers, this tax is withheld i.e. taken on payment except in ISA or SIPP, if for some reason you should not be paying this tax e.g. below tax threshold I believe you can claim this back. All ISAs and SIPPs should not withhold this tax,
Each is in a separate pot for tax return but all except capital gains below £3000 are added to income to determine top tax band. CGT taxed after fist £3000 pa at 10% for standard rate tax payers, 20% higher rate.
All these tax free in ISA or SIPP
From my records I have have SUPR paying all PIDs except one which was Ordinary dividend in the last few years.
Expect this to change/go up under new Labour government.
Peter, 1.515p was the gross amount of the last dividend, so if you've received 1.515p per share you have received the total gross amount with no tax deducted. Hope this helps.
IG pay a single gross amount in the ISA account. I assume in a trading account they pay the net 80%, so then in your tax return you declare the PID income and the tax paid.
Barclays deduct the tax and make a reclaim on your behalf, and then you get tax payment a bit later. HL pays the two parts separately, but does not deduct tax. That's for SIPP and ISA. Don't hold shares outside a tax free wrapper.
Hi
Does anyone have any knowledge on the tax treatment of dividends from SUPR ?
I hold these shares in an AJ Bell ISA. Income from SUPR is paid in the form of Property Income Distribution (as opposed to dividends) and according to SUPR's website, tax of 20% is withheld and paid to HMRC. Income can be paid gross to certain organisations, including ISA managers, but only if they notify SUPR. The implication is that shareholders can claim back the tax from HMRC on their tax return
I am trying to get a definitive answer from AJ Bell but it is proving difficult, i'm not sure they fully understand the issue.
Does anyone have any knowledge of this ? Does anyone hold these shares outside of an ISA/SIPP ? If so, could you confirm the latest payment was 1.515p. This is what what i received from from ISA holding which will at least confirm that the payment is not gross.
I also hold AGR who also pay Property Income Distributions so i'll post this on their chat
Started: DenFos, 18 May 2024 10:53
Last post: DenFos, 18 May 2024 10:53
On 15 May 2024, Close Brothers Asset Management sold 540,155 shares in SUPERMARKET INCOME REIT. This brought our shareholding to 4.99% of the shares in issue. This is the required notification that the holding has crossed below 5% of the shares in issue.
Started: silverknight, 16 May 2024 10:05
Last post: TerryM1, 16 May 2024 12:33
Dividends are in my IWEB, II and HL accounts.
Mine's in (ii)
Last post: rylidan, 16 May 2024 09:32
Anyone got theirs yet? Guess there may be a lot going back in here at this price.
Started: tricky1276, 15 May 2024 15:03
Last post: tricky1276, 15 May 2024 15:03
Very positive here and the shorters have a choice , buy back or increase their positions either way they have a problem .
Chicken feed for J.P. Morgan I suppose but I am gifting none of my shares to them until the sp is at a new high.
Started: smkr, 14 May 2024 14:07
Last post: smkr, 15 May 2024 13:38
From Twitter
https://x.com/bezosric/status/1790346238656680132?s=46
This is interesting, may provide a gee up to #SUPR which owns lots of these type of properties.
https://www.telegraph.co.uk/business/2024/05/14/asda-built-houses-north-west-london-cut-debt-pile/
Started: Finwittrader, 12 May 2024 18:05
Last post: DenFos, 13 May 2024 17:18
Actually, NEVER had shares in COPL…..look at my posting, I have trolled them relentlessly!!
Hi DenFos. Have you signed up for Cag at Copl?
I see you were a genuine holder so will have lost big there. Time to get your money back!
Started: DenFos, 1 May 2024 17:26
Last post: DenFos, 1 May 2024 17:26
Started: silverknight, 29 Apr 2024 18:29
Last post: silverknight, 29 Apr 2024 18:29
For me it's a positive move. Can't see big upside movement of £ v Euro.
Last post: Hardboy, 29 Apr 2024 17:38
It also increases potential risk/reward with exchange rates.
Plenty of positives in this for shareholders:
- Increased diversification by country / economy
- Increased diversification by supermarket chain
- Additional exposure to uncapped inflationary rent increases
- Positive funding spread for debt component
Very Interesting development. Moving outside the UK for the first time. No doubt they'll get the begging bowl out for shareholders again soon.
Started: tricky1276, 22 Apr 2024 14:50
Last post: tricky1276, 22 Apr 2024 14:50
Could JP Morgan be reducing their short ? They certainly are not getting any of mine.
Last post: faramog, 16 Apr 2024 08:38
I can only hope that I am able to free up some investments early enough to buy in (earlier than planned)... the drop seems based on asset valuation changes in property from the little I read... but the income is not just 80%+ (and arguably higher) guaranteed, but index linked and partly incremental on supermarket profits ... which just went through the roof.
Not sure I see a lot of risk here if just wanting income, or to re-invest the dividend.... please don't recover just yet !!
Have also been topping up. Less than 42p is an absolute bargain IMO at over 8% yield. Only have 50% of what I'd like, but I'm patient. You never know how gready shorters can get.
Bought in ex div @ 71.49. This could get very interesting , the two shorters will be desperate to buy back in without raising the sp too much before the rate cut and a strong recovery .
I sold this last year at 87p, very surprised to see this back to 71 on Friday considering inflation has dropped significantly. Bought a starter again
Started: StarBright, 12 Apr 2024 11:26
Last post: SD235, 12 Apr 2024 14:13
I can't see any interest rate cuts before August. Actually inflation falling significantly and making an interest rate cut LOOK invertible will see a big rise in the share price.
Worth noting 1.5 million (supposedly) fixed rate mortgages come to an end this year.
This latest Jefferies report makes no sense, why just SUPR and not other REITS, why now when it was recommending SUPR just a few weeks ago and nothing has changed.
IMO we are now in a transition phase for inflation and Interest Rates which will eventually be good for SUPR but it is not a good situation at present as Inflation is below Interest Rates as this will restrict inflation based rent reviews while still paying more on interest rates but probably not that significant as most of the loans are fixed.
Would add more but already have quite a lot as it is my second biggest holding and don't like adding on a day the general market is up. Also looking more toward REIT special situation like ASLI and API as both may well be liquidated.
All that said good day to buy your own shares and save future dividend payments.
I just hope that the Central Banks do not keep pushing back the interest rate cuts. IMO it will all rest on the FED as the BOE will just follow.
I also added this morning to my long term pension holding. Looks like an all time low. Reckon incredible value here.
Jefferies say only worth 60p when was that. I can't find it.
Anyway now saying in mid March it's a bargain at 79p?
I am underwater by 8% 78p to 71p today so I reckon Monday will see it start to climb and when we actually get rate cuts it will ŕocket.
Actually it will rise before then when inflation falls enough to make a rate cut a near certainty.
Yes re Jefferies. A former colleague (who’s still working) called them for me. The long post below is a fair representation of what he reports. J may well have a house view on the rates curve that they are required to use for discount rates btw….
I added 30k to my holding. Thank you Jefferies.
Started: faramog, 10 Apr 2024 10:15
Last post: faramog, 10 Apr 2024 10:15
Good news from Sainsbury today on profits ... without re-reading, I seem to remember that rents had a floor but also an index to profit... so good news and a nice bit of blue today
Started: DenFos, 4 Apr 2024 14:54
Last post: DenFos, 4 Apr 2024 14:54
The Third Quarterly Dividend will be paid on or around 16 May 2024 to shareholders on the register as of 12 April 2024. The ex-dividend date will be 11 April 2024.
In line with what was discussed at the IM a week or two back .... looks like a solid positioning to finance any new sites that come onto market. As the economy stutters there may well be more distressed disposals .... all good
Started: Krustysmegma, 21 Mar 2024 09:46
Last post: Krustysmegma, 21 Mar 2024 09:46
SUPR featured in this week's "Great Ideas" feature, it's behind a paywall so can't post a link. Includes the following commentary: "We have no doubt the company will be able to continue generating income and earnings growth given the overall grocery market is expanding at a healthy clip again and importantly both Tesco and Sainsbury’s are taking market share."
@Krustysmegma
Impressed .... solid and clear presentation, liked the reassurance that essentially 80%+ of the revenue is baked in and index linked and the remaining 20% a little less so, but solid margins and risk strategies. Liked the link to revenue and not fixed fee. Interesting take on the growth of 'lower cost' competitors around saturation and ease of expansion. Liked the two director buys, good debt position and good drawdown potential for opportunities with a baked in cost rate that is modest and manageable (any investment likely to be accretive from day 1).
I scanned last years report but will read in detail. So far, don't see a downside. A bit unloved but a solid and growing yield so will have on my buy radar as I free things up to re-invest. Just a bit surprised given all this that the rating is only BBB+, but that is still perfectly acceptable to me.
What did you think faramog? I've been invested here for a while now & pretty positive about my investment going forward. I think the dividend is as secure here as anywhere, interesting comparison with the Tesco bond on the final slide.
Been on my radar a while and going to listen in to the IM in 15 mins ... the report last Nov is really pretty comprehensive and makes for a solid read. Not sure I see much more than a slightly undervalued high dividend payer right now. Just the very high exposure to two big supermarkets and current 'cost of living' headwinds to be rather more clear on.
https://rtfilesprod.blob.core.windows.net/originalnotes/supermarket-income-reit_32856_20231106.pdf?sv=2019-07-07&sr=b&sig=0Yote%2FZFuLWJOA%2BM%2BrxzHyuOWJL6JVxh7kfN9PpD87k%3D&se=2024-03-15T10%3A48%3A20Z&sp=r
Supermarket Income REIT plc will announce its half year results for the six months ended 31 December 2023 on Wednesday, 13 March 2024…..
I’m expecting these results to be very good; will hopefully put a few percent on the share price.
Started: silverknight, 10 Feb 2024 11:38
Last post: CarpeDiem1, 23 Feb 2024 12:29
Long term should be around 100p. Interest rate cut when it comes will fuel the share price. Interest rates of 4% by 2026 gives me time to add here.
Doubtful given the nature of the business. They have the most recession resistant tenants who tend to remain in situ long term. Net gearing a very conservative 15%. Underpriced
Last post: Matchbox1, 9 Feb 2024 12:05
Big December valuation haircut incoming?
Started: balkwill66, 8 Jan 2024 16:51
Last post: DenFos, 8 Feb 2024 17:00
See my advice below…BATS up over 7 percent today.
Balkwill66…..fwiw I think the Best Buy at the mo is BATS at under 24 quid a share. BATS divi is near 10 percent. BATS also trading at a 10 year low.
SUPR is a REIT and trading/custody costs are the same as any other share not funds, I have these in IWEB, HL, II and Fineco and there are no charges to hold the shares, usual buy and sell charges apply. There are management charges but these are not levied on shareholders directly but can be considered like the costs to run any company (see KIDD). The dividend declared is what you get except for a 20% tax deduction sent to HMRC if not in a ISA, Pension or help by a company.
That’s not strictly true sadly, SUPR is a fund and therefore has ongoing fund charges of 2.6% pa, whereas an individual share doesn’t have these charges, aside from the ongoing fund charges there are also charges from the platform eg ii, HL or Barclays. I also have a HL account and it gives a full breakdown of charges, it suggests as well as the 2.6%pa on going charge there are also massive transaction costs. The total costs as a % on a £5k investment in SUPR are 6.76% which sounds incorrect. Am I missing something? Does it look more attractive with a much larger investment?
If not I’m better off with Primary Health Properties which has much lower costs or individual shares like house builders with decent dividend returns and likely growth as interest rates come down…..
Look for a different broker. I'm with ii. Hargreaves seem to be a bit more expensive than ii, but probably cheaper than your deal. Presumably, any investment will have the same charges, shouldn't make any difference if you buy SUPR or GSK or BP.
Started: TerryM1, 6 Feb 2024 12:13
Last post: TerryM1, 6 Feb 2024 12:13
The Second Quarterly Dividend will be paid on 14 February 2024 to shareholders on the register as of 12 January 2024. The ex-dividend date will be 11 January 2024.
Started: okfornow, 14 Dec 2023 16:02
Last post: Laughton, 14 Dec 2023 19:11
Could be - but I'm hoping there's more to come. And a very nice dividend whilst I wait.
Made a very quick profit, which seemed the right thing to do.