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Supermarket Income REIT Completes Management Internalisation

Story Highlights
  • Supermarket Income REIT invests in grocery properties with secure, inflation-linked income.
  • The company internalized management, appointing new executives to enhance earnings.
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Supermarket Income REIT Completes Management Internalisation

Confident Investing Starts Here:

Supermarket Income REIT Plc ( (GB:SUPR) ) has shared an update.

Supermarket Income REIT plc has completed the internalisation of its management function, appointing Rob Abraham as CEO and Mike Perkins as CFO. This strategic move, approved by shareholders, is expected to enhance earnings and reduce the discount to NAV, ensuring continued value delivery for shareholders.

More about Supermarket Income REIT Plc

Supermarket Income REIT plc is a real estate investment trust that invests in grocery properties, focusing on omnichannel grocery stores that support both online and in-person sales. The company’s assets generate long-dated, secure, inflation-linked income, and it aims for a progressive dividend and capital appreciation. It is listed on the London Stock Exchange and has a secondary listing in South Africa.

YTD Price Performance: 13.45%

Average Trading Volume: 4,881,973

Technical Sentiment Signal: Sell

Current Market Cap: £940.9M

For detailed information about SUPR stock, go to TipRanks’ Stock Analysis page.

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