14th Feb 2022 07:00
SUPERMARKET INCOME REIT PLC
(the "Company")
LEI: 2138007FOINJKAM7L537
FITCH ASSIgNS INVESTMENT GRADE RATING TO SUPERMARKET INCOME REIT
Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces that Fitch Ratings Limited ("Fitch") has assigned an Investment Grade credit rating of BBB+ (stable outlook) to the Company.
Nick Hewson, Chairman of Supermarket Income REIT plc, said:
"Securing an investment grade credit rating from Fitch is a significant milestone for Supermarket Income REIT. It is a testament to the Company's strategy and demonstrates both the credit strength of our tenants and the quality of our property portfolio. Looking ahead, this rating will provide the Company with flexibility to pursue a wider range of debt funding strategies."
FOR FURTHER INFORMATION | |
Atrato Capital Limited | +44 (0)20 3790 8087 |
Steve Noble / Rob Abraham / Kate Heseltine | |
Stifel Nicolaus Europe Limited |
+44 (0)20 7710 7600 |
Mark Young / Matt Blawat | |
FTI Consulting | +44 (0)20 3727 1000 |
Dido Laurimore / Eve Kirmatzis / Andrew Davis |
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's 67 supermarkets(1) are let to leading UK supermarket operators, diversified by both tenant and geography.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return over the medium term(2). The Company has increased its dividend target in line with inflation each year.
The Company's ordinary shares were admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 21 July 2017.
Atrato Capital Limited is the Company's Investment Adviser.
Further information is available on the Company's website www.supermarketincomereit.com
1. 41 directly owned supermarkets, plus 26 via joint venture
2. There is no certainty that these illustrative projections will be achieved
Related Shares:
Supermarket Income