Supermarket Income REIT (LON:SUPR) Releases Earnings Results

Supermarket Income REIT (LON:SUPR) issued its earnings results on Wednesday. The company reported GBX 2.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Supermarket Income REIT had a net margin of 51.54% and a return on equity of 5.54%.

Here are the key takeaways from Supermarket Income REIT’s conference call:

• The board upgraded dividend guidance to a minimum 2% annual uplift from FY2027 onwards, signaling confidence in cash generation and redeployed capital.
• The portfolio has scaled to around GBP 2 billion (up 20% since June 2025) with a near-term pipeline of over GBP 500 million, and the group deployed GBP 398 million of acquisitions at a 6.5% net initial yield, funded in part by a £250m debut bond and a joint venture.
• Short‑term earnings were impacted—EPRA EPS fell to 2.7p (from 3p) and net rental income was down 2%—largely due to assets transferred into the JV and timing gaps, with most financial benefits expected from FY2027.
• Operational efficiency improved materially with an EPRA cost ratio of 9.2% (down 440bps) and ~32% reduction in overheads in H1, targeting sub‑9% for FY2027.
• Leverage and funding profile changed—group LTV is ~43%, pro forma net debt/EBITDA ~8.2x (expected to move to 7–8x), WACD ~4.8%, 92% of drawn debt fixed/hedged and Fitch BBB+ reaffirmed, presenting both capacity and refinancing considerations.

Supermarket Income REIT Stock Down 1.0%

Shares of SUPR opened at GBX 82.89 on Wednesday. The company has a current ratio of 5.28, a quick ratio of 1.95 and a debt-to-equity ratio of 54.71. The stock has a market capitalization of £1.03 billion, a PE ratio of 16.92, a P/E/G ratio of 15.09 and a beta of 0.54. The firm’s 50 day moving average is GBX 84.69 and its 200-day moving average is GBX 81.28. Supermarket Income REIT has a 12 month low of GBX 71.48 and a 12 month high of GBX 89.20.

Analysts Set New Price Targets

Separately, Peel Hunt reaffirmed an “add” rating and set a GBX 85 price target on shares of Supermarket Income REIT in a report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 85.67.

About Supermarket Income REIT

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is the only LSE listed company dedicated to investing in grocery properties which are an essential part of national food infrastructure. The Company focuses on grocery stores which are predominantly omnichannel, fulfilling online and in-person sales and are let to leading supermarket operators in the UK and Europe.

The Company’s properties earn long-dated, secure, inflation-linked, growing income. SUPR targets a progressive dividend and the potential for long term capital growth.