UK's Supermarket Income REIT interim EPRA EPS falls 10%

Supermarket Income REIT

11/03/2026 07:10

Corrects H1 EPRA NTA Per Share in Key Details table to GBP 0.875 from GBP 0.03

Overview

UK grocery property REIT's interim EPRA EPS fell 10% yr/yr due to capital redeployment

Portfolio valuation rose 27% to £2.1 bln, with like-for-like valuation up 1.3%

Dividend per share increased 1%; company targets minimum 2% annual uplift from FY27

Outlook

Company targets minimum dividend of 6.18p for year ending 30 June 2026

Supermarket Income REIT aims for 2% dividend uplift for FY27 onwards

Company tracking over £500 mln in grocery real estate opportunities for future growth

Result Drivers

CAPITAL REDEPLOYMENT - Temporary reduction in EPRA EPS attributed to cash drag from JV asset transfer and timing of reinvestment into new assets

ACQUISITIONS - £398 mln of acquisitions expected to enhance future earnings and support sustainable dividend growth

RENTAL UPLIFTS - Portfolio valuation growth driven by contractual rent reviews, with 82% of leases linked to inflation

Company press release: ID:nRSK1238Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Dividend
GBP 0.03
H1 EPRA Earnings
GBP 33.84 mln
H1 EPRA NTA Per Share
GBP 0.875
H1 Pretax Profit
GBP 35.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Supermarket Income REIT PLC is GBp87.00, about 3.9% above its March 10 closing price of GBp83.70

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)