Supermarket Income REIT NAV drops 17% in six months

Fall in property valuations

Supermarket Income REIT has reported a drop in net asset value for the six months to 31 December 2022.

NAV per share at the end of the year was 96p, compared with 116p on 30 June 2022 and 113p on 31 December 2021. This marks a 17% drop for the second half of the year and a 15% decrease from the previous year. In the second half of the year, the company announced two interim dividends for Q4 2022 and Q1 2023 of 1.5p each. The REIT added it is on track to declare total dividends of 6p per share for the financial year. Supermarket Income REIT raises £300m In H2 2022, Supermarket Income REIT paid £37m in dividends to ordinary shareholders, a significant increase from the £24m paid in th...