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0.000558971492453972 0.00503074343208496 0.00335382895472344 0.00447177193963118 0.00167691447736172 0.0145332588038011 0.0268306316377865 0.0201229737283398
Stock impact report

Why Jefferies thinks Supermarket Income REIT is worth buying after solid update [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
Jefferies has reiterated its 'buy' rating on Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) , the London-listed grocery property investor, with a 90p price target, after the company reported solid first-half results and introduced a new dividend growth commitment. The broker said the key takeaway from the results was the company's pledge to grow its dividend by a minimum of 2% per year from its 2027 financial year onwards, backed by the full reinvestment of capital raised through its joint venture with Blue Owl Capital, the US asset manager, which has now been scaled to £845 million. The annualised rent roll rose to £132 million and the portfolio's net asset value edged up 0.5% to 87.5 pence per share, supported by a 1.3% like-for-like revaluation gain. EPRA earnings per share, a property sector profit measure, fell 10% to 2.7 pence, which Jefferies said reflected temporary disruption from asset transfers into the joint venture and one-off refinancing costs that should norma Show less Read more
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