Business
Interim Results for six months ended 31 Dec 2025
Supermarket Income REIT plc reported interim results for the six months ended 31 December 2025, with annualised passing rent increasing by 11% to £132.0 million, while EPRA earnings per share decreased by 10% to 2.7 pence, and dividend per share rose by 1% to 3.09 pence. The company's portfolio valuation grew by 27% to £2,057 million, with a loan to value ratio increasing by 14 percentage points to 45%. The company has redeployed JV proceeds and updated its guidance to a target minimum sustainable dividend uplift of 2% per annum for FY27 onwards, driven by strong structural grocery dynamics and a pipeline of opportunities. Disclaimer*
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n\n \nSupermarket Income REIT plc\n(\"SUPR\", the \"Group\" or the \"Company\")\n \nINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2025\n \nSTRONG STRATEGIC DELIVERY DRIVEN BY AN ESTABLISHED PLATFORM FOR GROWTH\nSupermarket Income REIT plc (LSE: SUPR, JSE: SRI), the leading grocery real estate business that invests in high-quality, inflation linked, grocery assets, reports its results for the six months ended 31 December 2025 (the \"Period\").\n \n· JV proceeds now fully redeployed, updating guidance to a target minimum sustainable dividend uplift of 2% p.a. for FY27 onwards\n· Delivered results in line with market forecasts; underpinned by strong structural grocery dynamics \n· Significant pipeline of opportunities across grocery real estate that can be unlocked by industry-leading specialism and a cost-efficient, shareholder-aligned platform\n \nFINANCIAL HIGHLIGHTS\n \n\n\n\n\n\n\n\nSix months to\n31-Dec-25\n\n\nSix months to\n31-Dec-24\n\n\nChange\n in Year\n\n\n\n\nAnnualised passing rent 1\n\n\n£132.0m\n\n\n£118.5m\n\n\n+11%\n\n\n\n\nEPRA earnings per share[1]\n\n\n2.7 pence\n\n\n3.0 pence\n\n\n-10%\n\n\n\n\nIFRS earnings per share\n\n\n2.9 pence\n\n\n2.9 pence\n\n\n0%\n\n\n\n\nDividend per share (declared)\n\n\n3.09 pence\n\n\n3.06 pence\n\n\n+1%\n\n\n\n\nDividend cover1, [2]\n\n\n88%\n\n\n99%\n\n\n-11pts\n\n\n\n\nEPRA cost ratio1\n\n\n9.2%\n\n\n13.6%\n\n\n-4.4pts\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n31-Dec-25\n\n\n30-June-25\n\n\nChange\nin Period\n\n\n\n\nPortfolio valuation1, [3]\n\n\n£2,057m\n\n\n£1,625m\n\n\n +27%\n\n\n\n\nPortfolio net initial yield1, 3\n\n\n6.0%\n\n\n5.9%\n\n\n+0.1pts\n\n\n\n\nEPRA NTA per share1\n\n\n 87.5 pence\n\n\n87.1 pence\n\n\n+0.5%\n\n\n\n\nIFRS NAV per share\n\n\n88.4 pence\n\n\n88.5 pence\n\n\n-0.1%\n\n\n\n\nLoan to value1, 3\n\n\n45%\n\n\n31%\n\n\n+14pts\n\n\n\n\n \nRob Abraham, CEO of Supermarket Income REIT plc, commented:\n\"SUPR has delivered a strong first half for shareholders, with significant levels of activity as we continue to execute our strategy at pace. Capital from the JV has been redeployed successfully to enhance both the value and income across our high-quality grocery portfolio. The benefits of management internalisation are clearly demonstrate...