Forward dividend 6.06p obviously an assumption that final quaterly dividend will be the same as the previous 3 at 1.515 which equals 6.06p. Which is not 10% of 71p.
The dividend your bringing up is based on 4 quarterly dividends of 1.5p. IE 6p which again is not 10% of 71p
I canât find this on the Reuters website, can you link to it? What is Jefferies reasoning for such as drastic drop?
I cant find it either my screenshot is also Jefferies. Giving a positive view in March this year.
Multiple views on supr
Iâd love to get in on this, would sit in my âsafeâ dividend portfolio but itâs not avaible to buy in my SIPP for some reason. Thats where nearly all my money is now.
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Itâs pretty darn poor that you still cannot buy UK Reits in a Sipp with FT.
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whats the reasoning FT give for not allowing this in a SIPP
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At one time, FT didnât allow you to buy Reits in an Isa either.
If I remember rightly, it was because it didnât have processes in place for reclaiming tax on income.
It was fixed for Isas (sort of) but not Sipps.
My best guess is FT has a relatively manual process and doesnât have capacity to do likewise for Sipps.
Other brokers simply pay you the gross income.
Thatâs whatâs uber irritating about things like this.
As far as I can tell, this limitation has nothing to do with external restrictions such as HMRC rules.
Rather, it seems to be wholly down to FTâs shortcomings.
It took FT years to get Reits in Isas, so I wouldnât hold my breath for a Sipp solution any time soon.
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Now theyâve added them wouldnât it be nice if they didnât take out the tax, give it to the taxman and then ask for it back 3 month later?!!
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To much hassle!!
My 3 REITs
A little upward movement in SUPR share price but still 8% dividend
SOHO better share price movement and still an 8.7% dividend
WHR 8% dividend and a reasonable share price move.
On a risk reward basis I think SUPR looks like a bargain.
100% rent collection
Dividends fully covered this year.
Rents linked to RPI (4 or 5%)
Alas no moneyâŚat the moment.
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78% of the rents are linked to inflation, according to the results published in March 
Annualised rate of 3.6%, so not miles off percentage wise
All of the rents are linked to inflation. Nobody is going to lease a property for 25 years on a fixed rent. They normally start on a 25 year lease.
All the rents are not linked to inflation, it took me 5-10 mins to find that information.
Their website highlights 71% linked to RPI and 7% linked to CPI, for the 78% I mentioned.
Source - Our Portfolio - Supermarket Income Reit
Quote from page 11 of the results linked below;
The valuation
decline has been partially mitigated by our contractual inflation-linked rental uplifts. The average increase in rent
from rent reviews performed during the six month period to 31 December 2023 was 5.1% (or 3.6% on an annualised
basis). 80% of the Companyâs leases benefit from contractual rental uplifts, with 78% linked to inflation and 2% with
fixed uplifts.
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Presumably the other 20% are negotiable increases with a further 2% stated as fixed contracted increases
I will contact them and ask.
If you read through the accounts thoroughly (all 50 odd pages!) It does say. Alas i lost the spot and I didnt copy it.
The remainder (if i read it right) are independently valued for rent increases every 5 years.
I canât be bothered reading through it to find it again, i will see what there reply is.
âAt the Interim Results in March 24 the company stated â80% of the Companyâs leases benefit from contractual rental uplifts, with 78% linked to inflation and 2% with fixed uplifts.â As at that date the remaining 20% were open market rent reviewsâ
Compare the other 20% of supermarkets rents with similar supermarkets.
I could see some arguments there!
Definition
âthe rent is adjusted (usually upwards only) to reflect the rent the landlord could achieve on a letting in the open marketâ
As such there is simply no guarantee theyâll increase by as much as inflation 
Especially over 5 years if some compounding effect isnât applied.
Ignoring the fact that as well as the many factors affecting inflation, itâll compound upwards or downwards with the many other factors that would affect an open market review.
Iâll leave it with you
Are you shorting SUPR ? 
Is that why all the negativity
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