Operating income at Supermarket Income Reit has jumped by 18 per cent to £45 million thanks to an increase in rent collected by the company.
The property investor said that as a result of contract uplifts and some acquisitions it had raised the rent it collected to £104.7 million in the six months to the end of 2024, up by 10 per cent from the same period last year.
The real estate investment trust, which owns 55 supermarkets, receives 77 per cent of its income from Tesco and Sainsbury’s and is focused predominantly on the larger stores on the edge of towns that are also used for click-and-collect or online deliveries, with 93 per cent of its stores providing one of, or both, services.
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