Assura says CCLA Investment has acquired 5.13% voting rights
Month: March 2024 (Page 5 of 19)
SUPERMARKET INCOME REIT PLC
ACQUISITION OF A TESCO SUPERMARKET AND AMENDMENTS TO INVESTMENT ADVISORY AGREEMENT
Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces the acquisition of a Tesco omnichannel supermarket in Stoke-on-Trent, Staffordshire, for a total purchase price of £34.7 million (excluding acquisition costs), reflecting a net initial yield of 7.5%.
The acquisition comprises a 54,451 sq ft net sales area omnichannel supermarket and petrol filling station which sits on an 8.7 acre site. The store was built in 1994 and supports Tesco’s online fulfilment operation via both home delivery vans and customer Click & Collect. The store is being acquired with an unexpired lease term of 11 years and is subject to annual RPI-linked rent reviews (subject to a 4% cap and a 0% floor).
The acquisition has been funded through the drawdown of the Company’s existing revolving credit facility.
Investment Advisory Agreement (the “IAA”)
The Company also announces that it has entered into an amended and restated investment advisory agreement (the “Revised IAA”) with its investment adviser, Atrato Capital Limited (the “Investment Adviser”), and its alternative investment fund manager, JTC Global AIFM Solutions Limited.
The current fcast for 2024 is income for re-investment of 8k, the target is 9k.
If I use the figures for the tax year 2024 the cash earned is £11,070 which
is an up to date reflection of the last 12 months.
Mr Market is always right but not that bright.
But the plan for the portfolio is based on the calendar year and I’m not going
to change the plan, stick to the plan until it sticks to you.
The first quarter 2024 dividends for the portfolio is £3,138.00.
Do not scale by 4 to arrive at a total for the year.
Ten year plan is a dividend stream of between 14k and 16k a year.
I forgot to mention that u keep all your capital.
Story by Cliff D’Arcy
The Motley Fool
Thanks to the cost-of-living crisis, some folk now have a second job, side hustle or other way to generate extra earnings. For example, renting out a room, parking space or driveway seems popular around my way. My solution is to make my money work harder for me by generating extra passive income.
Powerful passive income
The problem with passive income is that some earnings are a lot less ‘passive’ than others.
For example, I could become a buy-to-let (BTL) landlord, renting out property to tenants. But my life experience has shown how tricky and involved this can be. At the very least, I’d have to maintain and repair another property, as well as my family home. Therefore, BTL investing really isn’t for me.
Another option people pursue is blogging, blogging on YouTube or Instagram, publishing online and so on. But as a freelance financial writer, I already spend a lot of time sharing my opinions on screen. Hence, this is another no-go for me.
My two favourite forms of earnings
My two ideal forms of passive income come from my efforts to improve my finances. For the next few years, I’m concentrating on these two ‘money machines’.
- Share dividends
Dividends are cash payments made by some businesses to their owners — that is, shareholders. However, many listed companies don’t pay out any dividends. Some of these firms are loss-making, while others prefer to reinvest their profits into future growth.
What’s more, future dividends are not guaranteed. When companies get into trouble, some respond by cutting or cancelling their payouts. And if this happens, their share prices can slump.
By the way, some people claim that investing in shares is no better than buying lottery tickets. But I know that the National Lottery returns only half of ticket sales as prizes, delivering a loss of 50% for every draw. Conversely, the stock market has produced positive returns for investors over the long term.
In addition, when I buy shares, I know that I am buying part-ownership of businesses. If these firms are well-run and growing, then my shares should rise in value. Thus, I choose the companies I buy into very carefully, mostly from the UK’s FTSE 100 and FTSE 250, plus US powerhouses.
As my wife and I already have almost all of our wealth invested in shares, our share dividends are substantial. Even so, we keep investing these cash payouts into yet more shares to boost our future passive income.
2. Pensions
The blog portfolio currently has £500 for re-investment and a further £1,331 xd.
I don’t need to do anything apart from wait for the cash to hit the account.
GRS