Business
Half-Year Report 6 Months Ended 31 December 2022
Half-Year Report 6 Months Ended 31 December 2022.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \n \n \n Supermarket Income REIT plc\n \n \n \n (the \"Group\" or the \"Company\")\n \n \n LEI: 2138007FOINJKAM7L537\n \n \n \n \n \n \n \n \n INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2022\n \n \n \n \n GROCERY SECTOR REMAINS RESILIENT DESPITE CHALLENGING MACROECONOMIC ENVIRONMENT\n \n \n \n \n \n \n \n \n The Board of Directors of Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, reports its interim results for the Group for the six months ended 31 December 2022 (the \"Period\").\n \n \n \n \n \n \n \n \n FINANCIAL HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Six months to\n \n \n \n \n 31-Dec-22\n \n \n \n \n \n \n Six months to\n \n \n \n \n 31-Dec-21\n \n \n \n \n \n \n Change\n \n \n \n \n in Year\n \n \n \n \n \n \n \n Annualised passing rent[1] \n \n \n \n \n £95.5m\n \n \n \n \n £70.2m\n \n \n \n \n +36%\n \n \n \n \n \n \n Adjusted Earnings1,[2],[3]\n \n \n \n \n £36.4m\n \n \n \n \n £26.9m\n \n \n \n \n +35%\n \n \n \n \n \n \n Operating profit3\n \n \n \n \n £38.0m\n \n \n \n \n £26.4m\n \n \n \n \n +44%\n \n \n \n \n \n \n Changes in fair value of investment properties3,[4]\n \n \n \n \n (£248.1m)\n \n \n \n \n £11.0m\n \n \n \n \n n/a\n \n \n \n \n \n \n Dividend paid per share\n \n \n \n \n 3.0 pence\n \n \n \n \n 3.0 pence\n \n \n \n \n -\n \n \n \n \n \n \n Adjusted EPS1,2,3\n \n \n \n \n 2.9 pence\n \n \n \n \n 3.1 pence\n \n \n \n \n -5%\n \n \n \n \n \n \n Dividend cover1\n \n \n \n \n 0.98x[5]\n \n \n \n \n 1.13x\n \n \n \n \n n/a\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31-Dec-22\n \n \n \n \n \n \n 30-June-22\n \n \n \n \n \n \n Change\n \n \n \n \n in Period\n \n \n \n \n \n \n \n IFRS net assets\n \n \n \n \n £1,198m\n \n \n \n \n £1,432m\n \n \n \n \n -16%\n \n \n \n \n \n \n EPRA NTA1\n \n \n \n \n £1,147m\n \n \n \n \n £1,427m\n \n \n \n \n -20%\n \n \n \n \n \n \n EPRA NTA per share1\n \n \n \n \n 92 pence\n \n \n \n \n 115 pence\n \n \n \n \n -20%\n \n \n \n \n \n \n Loan to value (Direct Portfolio)1\n \n \n \n \n 40.0%\n \n \n \n \n 19.0%\n \n \n \n \n n/a\n \n \n \n \n \n \n Portfolio net initial yield1\n \n \n \n \n 5.5%...