Supermarket Income restores annual profit on resilient grocery market

Supermarket Income REIT PLC reported on Wednesday it had returned to profit as the‘non-discretionary grocery market’ continued to demonstrate resilience.

The London-based real estate investment trust for property leased to grocery retailers swung to pretax profit of £60.7 million for the financial year that ended June 30, from a loss £21.3 million a year earlier.

Revenue was £114.0 million, up 5.7% from £107.9 million.

Supermarket Income improved its total dividend for the 2025 financial year to 6.12 pence, up 1.0% from 6.06p. It said it has raised the 2026 financial year minimum target dividend to 6.18p.

As at June 30, IFRS net asset value per share was 88.5p, down 1.% from 89.8p at June 30, 2024 and down 1.7% from 90.0p at December 31, 2024.

Supermarket Income said its supermarket tenants continued to perform strongly, with the ‘non-discretionary and highly resilient’ grocery market benefitting from an extended period of food price inflation and sales growth across the market.

‘Our team of grocery sector specialists continues to demonstrate its ability to originate and execute on an attractive acquisition pipeline of earnings enhancing opportunities,’ Supermarket Income Chief Executive Officer Robert Abraham said.

‘We have positioned the business for the next exciting phase of growth as we look to deliver greater scale, liquidity and ultimately dividend growth which more closely matches our rental uplifts,’ Abraham added.

Shares in Supermarket Income were 0.1%higher at 78.70 pence in London on Wednesday morning, while they were up 0.2% at R 18.80 in Johannesburg.

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