Supermarket Income REIT plc (LSE:SUPR) has announced a major expansion of its joint venture with Blue Owl Capital, acquiring 10 Asda supermarkets for £196 million and transferring an additional £232 million of its existing assets into the partnership. The move is designed to scale the joint venture to £833 million, improve earnings per share by recycling lower-yield assets into higher-yield opportunities, and extend the portfolio’s average lease term. These transactions are set to boost SUPR’s exposure to investment-grade tenants while also generating increased management-fee income, strengthening the REIT’s capital-recycling strategy and supporting future earnings growth.
Supermarket Income REIT maintains a strong financial footing, supported by solid profitability and a healthy balance sheet. Its valuation remains appealing, with a reasonable price-to-earnings ratio and a high dividend yield. Even so, technical indicators point to a neutral trend, slightly moderating the overall outlook.
More about Supermarket Income REIT plc
Supermarket Income REIT plc is a FTSE 250-listed property investor focused on grocery-anchored real estate essential to national food infrastructure. The company targets omnichannel supermarkets that support both online fulfilment and in-store shopping, leasing its assets to major UK and European grocery operators. As of June 2025, its £1.6 billion portfolio delivers long, secure, inflation-linked rental income, underpinning progressive dividends and potential capital appreciation.
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