Supermarket Income REIT has increased the quarterly dividend payable from October 2021 by 1.4% from 1.465 to 1.485 pence per share (representing an increase equivalent to the average annual inflation increase in their rents for the period June 2020 to June 2021).
Other financial highlights include:
11% Total Shareholder Return for the year and 40% since initial listing in July 2017
Direct Portfolio independently valued at £1.15 billion, an increase of £609.0 million following valuation growth of £67.8 million and new acquisitions of £541.2 million (excluding acquisition costs):
o 8.5% valuation growth on a like-for-like basis
o 4.1% valuation growth on acquisitions in the year
o Direct Portfolio net initial yield ("NIY") of 4.7%
o Direct Portfolio weighted unexpired lease term ("WAULT") of 15 years