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London-listed Supermarket Income REIT PLC (LSE:SUPR) has announced a full-year dividend of 6.12p for its 2025 financial year, reflecting a modest year-on-year increase of 1%. This announcement was made in the context of an audited yearly report released on Wednesday.
Chair Nick Hewson commented on the challenges faced over the past three years due to macroeconomic headwinds, noting that the company has successfully navigated these difficulties while managing to increase the dividend annually. He expressed optimism, stating, “We believe we have now seen the worst of it.” Hewson emphasized the company's commitment to maximizing earnings and continuing to enhance the dividend on a covered basis, highlighting the affordability of rents paid by grocery tenants.
In terms of financial performance, adjusted earnings per share rose by 4.4% year-on-year to 6.1p. The total value of the portfolio increased to £1.78 billion, up from £1.69 billion in the previous year. Additionally, the portfolio’s net initial yield improved to 5.9%, compared to 5.6% in 2023.
Looking forward, Hewson expressed optimism about the improving interest rate environment, which is anticipated to present new opportunities for the company. He noted that the UK grocery market is projected to grow by 5.8% by the end of the calendar year, further supporting a positive outlook.
Supermarket Income REIT remains committed to identifying additional acquisition opportunities, leveraging the favorable conditions in the current market. The strategic focus on grocery tenants positions the company well for sustained growth and stability, contributing to its overall mission of delivering value to stakeholders while navigating the evolving economic landscape.
