Supermarket Income REIT PLC - London-based retail property investor - Annualised passing rent for financial year ended June 30 GBP57.8 million, double the GBP28.7 million registered the year before. Pretax profit jumps to GBP82.0 million from GBP32.8 million. Dividend raised 2% to 5.9p per share. EPRA net tangible assets per share grows 7% to 108 pence as at June from 101p a year ago. "Since our initial listing in 2017 we have delivered a 40% Total Shareholder Return and continue to offer our investors stable, long-term, inflation-protected income that is backed by one of the most compelling real estate asset classes in the UK investment market," says Chair Nick Hewson.
Says it has increased dividend target for 2022 financial year, up 1.4% to 5.94p per share, and declares a first quarter dividend of 1.485p per share.
Current stock price: 120.00p, up 1.3% on Thursday
Year-to-date change: up 13%
By Lucy Heming;Â lucyheming@alliancenews.com
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Supermarket Income (SUPR)