If you bought at issue price and simply re-invested the dividends, you would be in profit but you would have built a substantial holding, which hopefully you will be benefit from, one day..

Yield on issue 5.5%. Current yield 8.5%

Discount to NAV 20%

 GOLDMAN RAISES SUPERMARKET INCOME REIT PRICE TARGET TO 94 (92) PENCE – ‘BUY’

Supermarket Income announced a dividend of 6.1p per share, up 1.7% from 6.0p a year ago.

Looking ahead, Chair Nick Hewson said: “In the context of the recently challenging macro headwinds, we can now begin to consider the possibility of a more favourable interest rate environment. Market expectations of modest interest rate cuts over the coming months, albeit not returning to the levels of the 2010s, provide confidence that we have now seen the floor in this current cycle.”

He added: “Looking ahead, we remain optimistic that the improving interest rate environment should provide positive tailwinds for the company.”

18/09/24