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Supermarket Income REIT Secures £215 Million Debt Financing

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Supermarket Income REIT Secures £215 Million Debt Financing

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

Supermarket Income REIT plc has secured a £215 million joint venture debt financing with Blue Owl Capital, facilitated by a bank syndicate including Barclays, HSBC, ING, and SMBC. The interest-only facility, with a three-year maturity and two one-year extension options, will initially be used to repay existing debt. This financing underscores the company’s strong banking relationships and the appeal of its high-quality grocery assets, potentially enhancing its market position and financial stability.

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 real estate investment trust focused on investing in grocery properties, which are vital to the nation’s infrastructure. The company specializes in omnichannel grocery stores that support both online and in-person sales. Its assets are leased to leading supermarket operators across the UK and Europe, providing long-term, secure, inflation-linked income. The company aims for a progressive dividend and potential capital appreciation, with listings on both the LSE and the JSE.

Average Trading Volume: 3,497,777

Technical Sentiment Signal: Buy

Current Market Cap: £1.06B

See more insights into SUPR stock on TipRanks’ Stock Analysis page.

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