Supermarket Income REIT property, Sainsbury's, Ashford (Photo: Google Maps)

Supermarket Income REIT has achieved annualised passing rent of GBP46.1 million for the six months up to 31 December 2020.

This represents an increase of 76.6% year-on-year.

Correspondingly, the REIT’s EPRA earnings came in at GBP15.5 million for the same period, a rise of 115.3% year-on-year.

With this, the REIT’s dividend paid per share and EPRA EPS came in at 2.93 pence and 2.8 pence, increases of 1.7% and 12% respectively.

During the period, Supermarket Income REIT reported a 5.5% valuation growth for its portfolio on a like-for-like basis.

“Our direct portfolio benefitted from a 5.5% like for like valuation growth which in turn delivered a material growth in EPRA NTA to 104 pence per share”, said Nick Hewson, Chairman of Supermarket Income REIT plc.

“The last 12 months have highlighted the critical role of grocery property in the UK's feed the nation infrastructure”.

“Our supermarkets play a key role in supporting the response of the UK grocery sector to the pandemic and as a result we have experienced strong property investor interest in our market and consequently a tightening of yields”, he added.

The REIT’s full statement on its results can be viewed here.

Supermarket Income REIT was last done on the London Stock Exchange at GBP109.70.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.