Supermarket Income REIT Plc ( (GB:SUPR) ) just unveiled an announcement.
Supermarket Income REIT Plc has announced plans to internalize its management function by acquiring Atrato Group’s management services for £19.7 million, funded by the sale of a Tesco store. This move aims to achieve significant cost savings, enhance earnings, and improve shareholder returns, while also providing strategic flexibility and potential for future growth. The internalization is expected to align the company’s management with shareholder interests and simplify its structure, positioning it for further expansion and a potential listing category change.
More about Supermarket Income REIT Plc
Supermarket Income REIT Plc is a real estate investment trust that specializes in grocery property, providing secure, inflation-linked, long-dated income. The company focuses on owning omnichannel supermarkets in the UK and Europe, which cater to both online and in-person sales, and is a leading landlord in this sector.
YTD Price Performance: 6.24%
Average Trading Volume: 4,643,723
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £881.1M
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