Supermarket Income Reit raises dividend despite challenges

The supermarket landlord grew a lot last year despite the downturn, but there's more trouble ahead

Published on September 21, 2023

Acquired nine supermarkets
"Size of market is declining"

Supermarket Income (SUPR) swung to a hefty pre-tax loss in its full year due to a valuation hit caused by high inflation. However, the company opted to increase the dividend by 1 per cent to 6p a share after its net rental income surged by a third, largely due to the acquisition of nine supermarkets over the reporting period.

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