Back to previous section

Supermarket Income REIT increases facility with SMBC

Supermarket Income REIT announced an increase in its unsecured facility with Sumitomo Mitsui Banking Corporation (SMBC) of £37.5m on Wednesday, bringing the total to £104.5m.

  • Supermarket Income Reit
  • 03 April 2024 10:00:43
Supermarket Income REIT

Source: Sharecast

The FTSE 250 company said the interest-only facility, set to mature in September 2026, bore interest at a margin of 1.55% above SONIA on the increased amount.

Meanwhile, the existing £67m retained its margin of 1.40% above SONIA, with full hedging for the duration of the facility.

The expansion came on the heels of an acquisition announced on 22 March, and as a result of the increase, the firm now had a pro-forma loan-to-value (LTV) ratio of 34%.

“We are pleased to continue our relationship with SMBC, a key funding partner to the company,” said Ben Green, director at the firm’s investment adviser Atrato Capital.

“Our strong relationships with existing lenders, and quality of the portfolio, continues to allow the company to access debt financing at attractive margins.”

At 0940 BST, shares in Supermarket Income REIT were down 0.81% at 75.98p.

Reporting by Josh White for Sharecast.com.

FTSE 250 ( MCX )

Isin: N/A
Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: -263.49 ( -1.20 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.