Supermarket Income REIT expands presence with secondary listing on JSE

Supermarket Income REIT plc (LSE: SUPR), a prominent real estate investment trust focused on acquiring grocery properties, has announced its upcoming secondary inward listing on the Main Board of the JSE Limited (“JSE”), scheduled to become effective on 13 December 2024. This strategic move marks a significant step in the company’s ambition to broaden its investor base and boost its shares’ liquidity as it maintains its primary listing on the London Stock Exchange.

Supermarket Income REIT specialises in owning and managing supermarket properties with secure, inflation-linked, long-dated income streams. Its portfolio is concentrated in the UK, featuring properties leased to major grocery retailers such as Tesco, Sainsbury’s, and Morrisons. The REIT’s strategic investments in these high-quality assets provide stability and growth potential for investors, capitalizing on the UK’s robust grocery sector.

In addition to its UK holdings, Supermarket Income REIT has expanded its geographic footprint with select acquisitions in France, partnering with well-known grocers like Carrefour and Auchan. These properties further diversify the company’s portfolio and tap into the thriving retail market across continental Europe. The REIT’s portfolio is valued significantly, reflecting its extensive and strategically positioned assets across the UK and France. The decision to list on the JSE is guided by the expectation of enhanced visibility and appeal among South African investors, offering them a unique opportunity to invest in a high-calibre portfolio rooted in essential retail infrastructure.

As Transaction Advisor and Sponsor in South Africa, PSG Capital Proprietary Limited will facilitate the process, ensuring a seamless transition as Supermarket Income REIT enters the South African stock market. The company remains committed to delivering sustained returns and diversifying its shareholder base through this strategic listing.