Supermarket Income REIT has declared four interim dividends for the year as follows:
· On 8 October 2019, a first interim dividend of 1.419 pence per share, which was paid on
7 November 2019.
· On 8 January 2020, a second interim dividend of 1.460 pence per share, which was paid on
7 February 2020.
· On 8 April 2020, a third interim dividend of 1.460 pence per share, which was paid on 22 May 2020.
· On 8 July 2020, a fourth interim dividend of 1.460 pence per share, which was paid on 7 August 2020.
The Group's EPRA dividend cover ratio was 0.84x for the year (2019: 0.91x). The reduction reflects the short-term impact on dividend cover applicable to the period between equity proceeds being raised and being fully deployed.
Other financial highlights include:
The Company intends to target an increase of 1.1% in the dividend for the year to June 2021 (representing an increase equivalent to the published RPI inflation for June 2020). The first increased quarterly dividend of 1.465 pence per share will be payable in October 2020.
11.6% Total Shareholder Return for the year and 24.0% since listing in July 20171
4.1% growth delivered in EPRA NAV to 101 pence per share as at 30 June 2020 (30 June 2019: 97 pence per share)
Portfolio of investment properties (the "Direct Portfolio") independently valued at £539.4 million (30 June 2019: £368.2 million) increasing by £171.2 million:
o £22.4 million of valuation growth this year (excluding acquisition costs)
£199.8 million of new acquisitions