Supermarket Income REIT (LSE:SUPR) has increased the size of the secured term loan associated with its joint venture with funds managed by Blue Owl Capital. The facility has been expanded by £222 million to a total of £437 million and is provided by a syndicate of lenders including Barclays, HSBC, ING, Lloyds Banking Group and Crédit Agricole CIB.
The interest-only loan matures in June 2028 and includes extension options. It carries a margin of 1.65% above SONIA and has been fixed at an all-in interest rate of 5.24%.
Half of the additional proceeds from the expanded facility will be received by Supermarket Income REIT and used to refinance near-term debt maturities. Following the transaction, the company’s loan-to-value ratio will stand at approximately 43% when including debt held within the joint venture.
Management said the refinancing demonstrates continued strong relationships with lenders and reliable access to capital. The deal also highlights the resilience and attractiveness of grocery-focused real estate assets, helping to reinforce the company’s balance sheet stability.
The REIT’s outlook is supported by stable operating performance and active strategic management of its capital structure. Technical indicators currently suggest positive momentum in the share price, while valuation metrics remain attractive due to a relatively high dividend yield. Recent strategic initiatives and continued confidence from management further strengthen the investment case.
More about Supermarket Income REIT
Supermarket Income REIT plc is a FTSE 250-listed real estate investment trust specialising in grocery-anchored property assets that form part of essential national food infrastructure. The company invests primarily in omnichannel supermarket stores across the UK and Europe, typically leased to leading grocery operators under long-term agreements. Its strategy focuses on generating stable, inflation-linked rental income while delivering progressive dividends and long-term capital appreciation for investors.
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