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Supermarket Income REIT Launches Debut £250m Unsecured Bond

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Supermarket Income REIT Launches Debut £250m Unsecured Bond

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An update from Supermarket Income REIT Plc ( (GB:SUPR) ) is now available.

Supermarket Income REIT plc has successfully issued its debut £250 million unsecured bond with a 6-year term, bearing a 5.125% coupon. The bond, which received strong demand from institutional investors, is expected to be rated BBB+ by Fitch Ratings. The proceeds will be used for general corporate purposes, including refinancing existing debt, and will help diversify the company’s capital structure. This issuance marks a significant milestone for the company, enhancing financial flexibility, lowering medium-term borrowing costs, and supporting its long-term growth strategy.

The most recent analyst rating on (GB:SUPR) stock is a Buy with a £100.00 price target. To see the full list of analyst forecasts on Supermarket Income REIT Plc stock, see the GB:SUPR Stock Forecast page.

Spark’s Take on GB:SUPR Stock

According to Spark, TipRanks’ AI Analyst, GB:SUPR is a Outperform.

Supermarket Income REIT Plc scores strongly due to its attractive valuation and positive technical indicators, despite challenges in profitability. Strategic corporate developments, such as refinancing and a joint venture, bolster its financial flexibility and growth potential. While profitability issues exist, the company’s solid balance sheet and strategic initiatives position it well for future growth, making it a compelling option for income-focused investors.

To see Spark’s full report on GB:SUPR stock, click here.

More about Supermarket Income REIT Plc

Supermarket Income REIT plc is a FTSE 250 company listed on the London Stock Exchange and the Johannesburg Stock Exchange, specializing in investing in grocery properties. The company owns 83 supermarkets, primarily omnichannel, which cater to both online and in-person sales, and are leased to leading supermarket operators in the UK and Europe. The portfolio was valued at £1.8 billion as of December 2024, and the company focuses on long-dated, secure, inflation-linked rental income, targeting progressive dividends and long-term capital growth.

Average Trading Volume: 3,089,617

Technical Sentiment Signal: Buy

Current Market Cap: £1.02B

Learn more about SUPR stock on TipRanks’ Stock Analysis page.

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