6th Jul 2020 14:45
Supermarket Income REIT PLC - London-headquartered real estate investment trust focused on UK grocery property - Acquires supermarket portfolio through sale and leaseback deal with Waitrose & Partners for GBP74.1 million, reflecting 4.4% net initial yield. Portfolio consists of six freehold supermarkets let to Waitrose on new 20-year leases. Tenant-only break option in year 15 and five-yearly upward-only rent reviews with 1% floor and 3% cap.
Current stock price: 111.10 pence
Year-to-date change: up 1.5%
By Anna Farley; [email protected]
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