Supermarket Income REIT PLC - grocery store-focused real estate investment trust - Acquires a Wm Morrison Supermarkets PLC store in Telford, England, for GBP14.3 million from Santander Trustees Ltd, reflecting a net initial yield of 5.0%. Property has an unexpired lease term of 17 years with a break option in 12th year. Increases debt facilities with Bayerische Landesbank by GBP34.8 million. Pens new GBP27.5 million five-year tranche and a further GBP7.3 million trance on an existing loan. Funds will be used to finance recently-acquired stores.
Current stock price: 109.80 pence
Year-to-date change: up 0.3%
By Eric Cunha; ericcunha@alliancenews.com
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Supermarket Income (SUPR)