SUPERMARKET INCOME REIT PLC (SUPR) — Results for the six months ended 31 December 2025

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the SUPERMARKET INCOME REIT PLC Half Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the top right corner of your screen. Just simply type in your questions and press send. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Robert Abraham. Good afternoon to you. Thank you, Alex, and afternoon, everyone. I'm also joined today by Mike Perkins, CFO. I will give you a brief strategic update about our growth plans first, and then we'll also hand over to Mike to take you through your numbers, and then I come they'll come back to me to to cover the market as well. And at the the the last, well, year for us has been about significant levels of activity, and that's all been about delivering on our strategy to grow earnings. The shareholders are now seeing the benefits of this as we've increased the minimum dividend uplift target from the next financial one year onwards to 2% per annum. And we're also positioned for further growth. So we've got an attractive near term pipeline of over 500,000,000. And then just to take you through some of those proactive steps we've taken over the last year to create a platform for growth. So we've achieved much greater shareholder alignment, and that's through the internalization of management. Shortly after that, we completed our joint venture, and that's allowed us to undertake capital recycling, also generating management fee income. And during the period, we've scaled that joint venture out to 845,000,000, and that's really demonstrating our access to capital alongside the debut bond issue tha...