Supermarket Income REIT slashes fees for shareholders Investing Supermarket Income REIT has slashed its fees in a bid to align management’s interest with shareholders. The trust will now charge fees based on its stock price rather than on underlying assets. Since the trust trades 21 per cent below the value of its underlying assets, fees will drop by around 20 per cent, according [...]
Supermarket Income REIT expands into Europe after buying stores from French retailer in £64m deal Property Supermarket Income REIT has acquired a portfolio of popular supermarkets in France for €75.3m (£64.4m), reflecting a net initial yield of 6.3 per cent.
Tesco and Sainsbury’s landlord reports profit boom despite declining assets Investment trusts Supermarket Income REIT, which rents out properties to some of the UK's biggest supermarkets, saw operating profit jump 18 per cent last year, even as its net assets dropped eight per cent in the same period.