REG - Supermarket Inc REIT - FITCH ASSIGNS INVESTMENT GRADE RATING

Supermarket Income REITAnnouncement

14/02/2022 07:00

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RNS Number : 4903B  Supermarket Income REIT PLC  14 February 2022

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                                                      ir@atratocapital.com (mailto:ir@atratocapital.com)

 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                                                    SupermarketIncomeREIT@fticonsulting.com
                                                                                                  (mailto:SupermarketIncomeREIT@fticonsulting.com)

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 (http://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

 

 

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