Supermarket Income REIT

Internalization And Capital Recycling Will Lower Costs

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

01 May 25

Updated

04 Dec 25

n/a

AnalystConsensusTarget's Fair Value

n/a

14.2%

-0.9%

14.2%

-0.9%

You can edit this narrative until Dec 5 7:05 PM. Then, changes will post as Updates.

Author's Valuation

UK£0.865.3% undervalued

AnalystConsensusTarget Fair Value

Narrative

Updates1

Shared on 04 Dec 25

Fair value Increased 3.88%

SUPR: Joint Venture Expansion And Dividend Policy Will Shape Balanced Outlook

Analysts have raised their price target for Supermarket Income REIT by approximately 4 percent to reflect a higher fair value estimate of £0.86 per share, supported by expectations of stronger revenue growth and a slightly lower discount rate. What's in the News A joint venture with Blue Owl Capital has agreed to acquire 10 high performing omnichannel Asda supermarkets for £196 million via sale and leaseback, at a 7.4% net initial yield with 25-year CPI-linked leases capped at 4% and floored at 1% (company announcement).

AnalystConsensusTarget Fair Value

UK£0.86

5.3% undervalued

Future estimation in

% p.a.

Decrease

Increase

Current revenue growth rate

2.02%

Retail REITs revenue growth rate

0.10%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

8.42%

Calculation

UK£109.90m

Earnings '28

12.37x

PE Ratio '28

UK£1.36b

Market Cap '28

UK£1.36b

Market Cap '28

1.25b

No. shares '28

UK£1.09

Share Price '28

UK£1.09 Share Price '28

Discounted to 2025 @ 8.42% p.a.

UK£0.86

Fair Value '25