SUPERMARKET INCOME REIT PLC (SUPR) — Full Year Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to SUPERMARKET INCOME REIT PLC full year results investor presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time by the q and a tab situated in the right corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting itself. However, the company can view the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Robert Abraham. Good afternoon to you, sir. Thanks, Alessandro. Good afternoon, every Thank you for for dialing in, for our results presentation. You can see on the page here that the headline we've been running with is it's been a transformational year, and I think we've got a really positive story that that we'll take you through. I'm Rob Abraham, CEO of SUPERMARKET INCOME REIT. I'm joined by Mike Perkins, CFO. And let me first just take you through some of those highlights from the year that, as I say, has been transformational. We've demonstrated alignment with shareholders. We've been demonstrating asset values, and we've been demonstrating affordable rents. And those those three items have really helped us to drive value for shareholders, and and we've seen a corresponding, reaction in the share price. So that really has been achieved by delivering on our key strategic objectives. Firstly, lease renewals. These were done 13% above our value as ERV. Internalization and the the cost savings material cost savings from internalizing the management means that we're now targeting a net cost ratio below 9% and materially impro...