SUPR listed in The Mail on Sunday’s top picks
We welcome The Mail on Sunday listing Supermarket Income REIT in their top picks of more defensive stocks and commenting that
Louise
SUPR set to migrate to the Premium Segment of the Official Lists
Supermarket Income REIT is set to join the Premium Segment of the LSEG (London Stock Exchange Group) Main Market this week! This significant milestone will deliver benefits to our retail and institutional shareholders, including increased liquidity from index inclusion – likely facilitating the Company’s eligibility for inclusion in the FTSE 250 and EPRA (European Public … Read more
SUPR assigned an Investment Grade (BBB+) credit rating by Fitch Ratings
We are delighted to announce that Supermarket Income REIT has been assigned an Investment Grade BBB+ (stable outlook) credit rating by Fitch Ratings. Nick Hewson, Chairman of Supermarket Income REIT plc, said: “Securing an investment grade credit rating from Fitch is a significant milestone for Supermarket Income REIT. It is a testament to the Company’s … Read more
Clicks need bricks
Ocado’s recent results underline the difficulties for new tech competing with established operators in the growing online grocery market.
Grocery sales remain elevated against pre-pandemic levels
Kantar: Grocery sales remain elevated on pre-pandemic levels, despite work, social and shopping habits starting to return to normal
‘The economics are brutal’ for rapid delivery grocery start-ups
The WSJ: Losses mount for startups racing to deliver groceries fast and cheap
Exceptional level of demand for supermarket property
Colliers: Exceptional level of demand for supermarket property has left investors facing a potential shortage of grocery-backed assets
Tesco continue to embrace reuse schemes in its sustainability efforts
Great to see Tesco update on their Loop service, launched in September to accelerate the reuse of packaging on essential products. If customers in just the 10 stores trialled to date switched to reusable ketchup, coca cola and washing up liquid bottles, the packaging would be used and reused more than two and half million times a year.
Sainsbury’s exercises option to buy a further 8 stores
SUPR has announced today that Sainsbury’s has exercised its second option to acquire 8 stores within the Sainsbury’s Reversion Portfolio in July 2023. This announcement follows on from the first option Sainsbury’s exercised on 10 September 2021 to acquire 10 stores in March 2023. The existing leases remain in place until 2023. The price for … Read more
