Supermarket Income Reit (SUPR)

Index:

FTSE 250

82.10p
   
  • Change Today:
      0.50p
  • 52 Week High: 82.30
  • 52 Week Low: 65.50
  • Currency: UK Pounds
  • Shares Issued: 1,246.24m
  • Volume: 2,845,499
  • Market Cap: £1,023.16m

Sainsbury's pays £431m for control of store investment vehicles

By Frank Prenesti

Date: Tuesday 14 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Sainsbury's on Tuesday said it was paying £430.9m to take full ownership of the Highbury and Dragon store investment vehicles from Supermarket Income REIT.

Sainsbury's has held a 49% stake in the two vehicles since the joint venture was created in 2000. It contains the freeholds of 26 stores leased to the UK supermarket chain.

Under the deal, Sainsbury's will buy the freeholds of 21 stores which will continue to be operated as Sainsbury's supermarkets. The remaining five stores will be sold by Sainsbury's, four of which it will lease back.

Sainsbury's has also agreed to fully fund Highbury and Dragon's bond redemptions of £170.5m on March 20 and 130.4m on July 13. The acquisition and bond redemptions would be funded by cash resources and a committed unsecured term facility.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SUPR Market Data

Currency UK Pounds
Share Price 82.10p
Change Today 0.50p
% Change 0.61 %
52 Week High 82.30
52 Week Low 65.50
Volume 2,845,499
Shares Issued 1,246.24m
Market Cap £1,023.16m

SUPR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.36% above the market average11.36% above the market average11.36% above the market average11.36% above the market average11.36% above the market average
91.67% above the sector average91.67% above the sector average91.67% above the sector average91.67% above the sector average91.67% above the sector average
Price Trend
57.89% above the market average57.89% above the market average57.89% above the market average57.89% above the market average57.89% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
80.27% above the market average80.27% above the market average80.27% above the market average80.27% above the market average80.27% above the market average
91.30% above the sector average91.30% above the sector average91.30% above the sector average91.30% above the sector average91.30% above the sector average
Growth
24.55% above the market average24.55% above the market average24.55% above the market average24.55% above the market average24.55% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 4
Sell 0
Strong Sell 0
Total 6
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SUPR Dividends

  Latest Previous
  Q3 Q2
Ex-Div 24-Apr-25 30-Jan-25
Paid 23-May-25 28-Feb-25
Amount 1.53p 1.53p

Trades for 30-May-2025

Time Volume / Share Price
16:35 1,146,801 @ 82.10p
16:35 4,689 @ 82.10p
16:35 8,339 @ 82.10p
16:35 6,137 @ 82.10p
16:35 4,630 @ 82.10p

SUPR Key Personnel

CEO Rob Abraham
CFO Mike Perkins

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