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1. Company Snapshot

1.a. Company Description

Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure.The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales.All of the Company's 45 properties are let to leading UK supermarket operators, diversified by both tenant and geography.

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1.b. Last Insights on SUPR

Supermarket Income REIT plc's recent performance was bolstered by a robust earnings release, which showcased a 3.1% increase in net rental income. The company's portfolio valuation also benefited from a £1.2 billion acquisition of a UK supermarket portfolio, expanding its presence in the region. Furthermore, the REIT's share buyback program, announced in Q1 2024, demonstrates its commitment to returning value to shareholders. Additionally, the company's strong balance sheet, with a debt-to-equity ratio of 0.43, provides a solid foundation for future growth.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Supermarket Income REIT (OTCMKTS:SUPIF) Trading Down 4.7% – Should You Sell?

Nov -22

Source: defenseworld.net

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Supermarket Income REIT expands joint venture with £196m Asda deal

Nov -20

Source: proactiveinvestors.com

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Apple Pay US online volumes to surpass PayPal in 2025 and beyond: analysts

Nov -14

Source: proactiveinvestors.com

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Supermarket Income REIT pushes deeper into France with Carrefour deal

Nov -14

Source: proactiveinvestors.com

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Supermarket Income REIT PLC (LSE:SUPR) Full Year 2025 Earnings Call Highlights: Strong Rental ...

Sep -18

Source:

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European Small Caps With Insider Buying Undervalued And Ready For Attention

Sep -08

Source:

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European Undervalued Small Caps With Insider Buying To Explore In August 2025

Aug -08

Source:

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Stocks to watch next week: Tesla, Alphabet, Intel, Lloyds and JD Wetherspoon

Jul -18

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.33%)

6. Segments

Rental Income - Freehold Property

Expected Growth: 4.5%

Rental income growth of 4.5% in Supermarket Income REIT plc's freehold property is driven by strong demand for grocery-anchored retail space, increasing rent reviews, and strategic acquisitions. Additionally, the REIT's focus on long-term leases and high-quality tenants provides a stable income stream, supporting sustainable growth.

Rental Income - Long Leasehold Property

Expected Growth: 4.2%

Rental income growth of 4.2% in Long Leasehold Property from Supermarket Income REIT plc is driven by increasing demand for grocery-anchored retail spaces, rising rents, and long-term lease agreements with creditworthy tenants such as supermarkets, ensuring stable cash flows and steady income growth.

Property Insurance and Service Charge Income

Expected Growth: 3.8%

The 3.8% growth in Property Insurance and Service Charge Income from Supermarket Income REIT plc is driven by increasing rental yields, strategic acquisitions, and a strong UK supermarket sector. Additionally, the REIT's diversified tenant base, long-term leases, and index-linked rent reviews contribute to the growth. Furthermore, the company's active asset management and cost savings initiatives also support the upward trend.

Lease Surrender

Expected Growth: 3.5%

Lease surrender growth of 3.5% in Supermarket Income REIT plc is driven by strategic portfolio optimization, favorable lease renegotiations, and a strong UK grocery market. Additionally, the REIT's focus on convenience and omnichannel retailing, as well as its ability to attract and retain high-quality tenants, contribute to this growth.

7. Detailed Products

Supermarket Properties

Supermarket Income REIT plc owns and operates a portfolio of supermarket properties across the UK, providing rental income to the company.

Long Income Property

The company offers a diversified portfolio of long-income property investments, providing a stable source of income.

Supermarket Development

Supermarket Income REIT plc develops and refurbishes supermarket properties, enhancing their value and rental income potential.

Asset Management

The company provides asset management services to optimize the performance of its supermarket properties, enhancing rental income and property values.

8. Supermarket Income REIT plc's Porter Forces

Forces Ranking

Threat Of Substitutes

Supermarket Income REIT plc operates in a highly competitive market, but the threat of substitutes is relatively low due to the unique nature of its business model, which focuses on providing a diversified portfolio of supermarket properties.

Bargaining Power Of Customers

The bargaining power of customers is moderate, as Supermarket Income REIT plc's tenants are large supermarket chains with some negotiating power, but the company's diversified portfolio and long-term leases mitigate this risk.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low, as Supermarket Income REIT plc is not heavily reliant on a single supplier, and the company's properties are not dependent on a specific supplier for their operation.

Threat Of New Entrants

The threat of new entrants is high, as the UK supermarket sector is highly competitive, and new entrants could potentially disrupt the market and impact Supermarket Income REIT plc's business.

Intensity Of Rivalry

The intensity of rivalry is high, as the UK supermarket sector is highly competitive, with several large players competing for market share, which could impact Supermarket Income REIT plc's business and profitability.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 35.41%
Debt Cost 5.36%
Equity Weight 64.59%
Equity Cost 5.36%
WACC 5.36%
Leverage 54.81%

11. Quality Control: Supermarket Income REIT plc passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Ascencio

A-Score: 7.2/10

Value: 6.1

Growth: 4.0

Quality: 7.1

Yield: 10.0

Momentum: 6.0

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
Wereldhave Belgium

A-Score: 6.8/10

Value: 4.0

Growth: 4.2

Quality: 6.4

Yield: 10.0

Momentum: 6.0

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
Supermarket Income REIT

A-Score: 6.3/10

Value: 3.4

Growth: 2.8

Quality: 6.4

Yield: 9.4

Momentum: 6.5

Volatility: 9.3

1-Year Total Return ->

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Stock-Card
Frey

A-Score: 5.9/10

Value: 3.3

Growth: 5.4

Quality: 4.5

Yield: 9.4

Momentum: 3.0

Volatility: 9.7

1-Year Total Return ->

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Stock-Card
Selectirente

A-Score: 5.8/10

Value: 4.3

Growth: 3.9

Quality: 7.3

Yield: 5.6

Momentum: 3.5

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
NewRiver

A-Score: 5.6/10

Value: 5.2

Growth: 2.8

Quality: 5.5

Yield: 10.0

Momentum: 2.5

Volatility: 7.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.81$

Current Price

0.81$

Potential

-0.00%

Expected Cash-Flows