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Unaudited Interim Results for the six months ended 31 December 2024
SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
LEI: 2138007FOINJKAM7L537
("SUPR" or the "Company" or the "Group")
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
1. FINANCIAL HIGHLIGHTS
The Board of Directors of Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust with
secure, inflation-linked, long-dated income from grocery property, reports its interim results for the Group for
the six months ended 31 December 2024 (the "Period").
Six months to Six months to Change
31-Dec-24 31-Dec-23 in Year
Annualised passing rent (1) £118.5m £104.7m +13%
Adjusted earnings per share (1) 3.0 pence 2.9 pence +3%
IFRS earnings per share 2.9 pence (4.4) pence +167%
Dividend per share (declared) 3.1 pence 3.0 pence +1%
Dividend cover (2) 0.99x 0.97x n/a
EPRA cost ratio (1) 13.6% 15.1% n/a
Headline earnings per share 2.4 pence 0.3 pence +688%
Change
31-Dec-24 30-June-24 in Period
Portfolio valuation (3) £1,833m £1,776m +3%
Portfolio net initial yield (1) 6.0% 5.9% n/a
EPRA NTA per share (1) 88 pence 87 pence +1%
IFRS NAV per share 90 pence 90 pence -
Loan to value (1) 39% 37% n/a
Notes:
1 The alternative performance measures used by the Group have been defined and reconciled to the IFRS
financial statements within the unaudited supplementary information (see Notes to EPRA and other Key
Performance Indicators in the Full Announcement)
2 Calculated as Adjusted earnings divided by dividends paid during the year
3 Includes assets held for sale at fair value as at 31 December 2024 (see Note 13 of the Full Announcement)
2. SHORT FORM ANNOUNCEMENT
The short form announcement is the responsibility of the directors of the Company. It contains only a summary
of the information in the full announcement ("Full Announcement") and does not contain full or complete details.
The Full Announcement can be found at:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/SRIE/Interims25.pdf
A copy of the Full Announcement is also available for viewing on the Company's website at Results &
Presentations - https://supermarketincomereit.com/investor-centre/results-presentations/
Any investment decisions by investors and/or shareholders should be based on consideration of the Full
Announcement, as a whole.
3. PRESENTATION FOR ANALYSTS
The Company will be holding an in-person presentation for analysts at 08.30am today at Stifel Nicolaus Europe
Limited's offices, 150 Cheapside, City of London, London, EC2V 6ET. To register to attend in-person, please
contact FTI Consulting: SupermarketIncomeREIT@fticonsulting.com. There will also be a webcast available.
To join the presentation via the webcast, please register using the following link:
https://sparklive.lseg.com/SupermarketIncomeREIT/events/91cd2b69-7549-4432-851a-
f5c44a1bbba0/supermarket-income-reit-half-year-results-presentation-2025
The results presentation is available in the Investor Centre section of the Group's website.
The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE
Limited.
United Kingdom
11 March 2025
Sponsor: PSG Capital
Date: 11-03-2025 09:00:00
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