- CEO
- Rob Abraham
- Full Time Employees
- 19
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Level 19, The Shard London GL United Kingdom SE1 9SG
- IPO Date
- Jul 21, 2017
- Business
- Supermarket Income REIT plc is a United Kingdom-based real estate investment trust (REIT) specializing in investing in grocery-anchored real estate that is critical to national food infrastructure. The company owns and manages a diversified portfolio of high-quality omnichannel supermarkets, which support both in-store shopping and last-mile online grocery fulfillment, including home delivery and click-and-collect services. Its core products and services include investment in supermarket properties leased primarily to leading UK grocery retailers such as Tesco, Sainsbury's, and Asda, with formats ranging from large-scale omnichannel stores to smaller convenience grocery stores. The company focuses on properties with long leases featuring contractual, upward-only rental escalations typically indexed to inflation, providing secure, inflation-linked, and growing income streams. Supermarket Income REIT's portfolio is diversified geographically across the United Kingdom and includes mission-critical assets serving as key online fulfillment hubs as well as traditional physical stores.
Founded in 2017 and headquartered in London, Supermarket Income REIT pursues a clear strategy focused on future-proof omnichannel supermarkets that are essential to grocery supply chains and aligned with strong long-term growth trends in grocery sales driven by inflation and population growth. Significant recent corporate developments include the completion of a £403 million strategic joint venture with Blue Owl Capital in 2025, which has facilitated a portfolio expansion through redeployment of proceeds into income-accretive acquisitions. In November 2025, the company completed approximately £41 million of acquisitions, including a portfolio of 10 Sainsbury’s convenience stores—the company’s entry into the convenience grocery sector with 15-year triple-net leases and CPI-linked rent reviews—and a Tesco store in Northern Ireland for £25.6 million, reflecting an average net initial yield of 6.4% across these transactions. Earlier in 2025, it expanded its international footprint with the acquisition of nine Carrefour supermarkets in France for €36.7 million and sold a Tesco store for £63.5 million as part of its capital recycling strategy. The company also completed the internalization of its management team in March 2025, strengthening operational control.
Supermarket Income REIT operates within the real estate investment trusts industry, targeting long-term income and capital growth through investments in essential grocery infrastructure properties with stable, long-dated leases. Its tenants are major grocery chains that rely on these stores as critical parts of their omnichannel strategies. The company’s investment adviser is Atrato Capital Limited. Supermarket Income REIT emphasizes sustainable growth, including a commitment to reach net-zero greenhouse gas emissions across its value chain by 2050. The company has approximately £1.4 billion in property assets and maintains a loan-to-value ratio around 36-39% with a weighted average unexpired lease term of about 11-12 years, underscoring its financial discipline and portfolio stability.
Overall, Supermarket Income REIT delivers investors exposure to defensive real estate assets that underpin the UK's grocery sector, leveraging strategic acquisitions and partnerships to enhance portfolio value and sustainability while supporting customers with evolving omnichannel grocery demands.