Supermarket REIT Share Price – Dividend Yield and 2025 Outlook

Supermarket Income REIT (LSE: SUPR) owns a portfolio of grocery stores and supermarket properties across the United Kingdom, earning rental income through long-term leases. The trust has drawn attention from income-focused investors, particularly for its dividend yield and the resilience of the supermarket sector. As of late 2025, the share price has risen significantly, prompting questions about valuation, payout sustainability, and future performance.

The company is a Real Estate Investment Trust, which means it must distribute at least 90% of its taxable profits as dividends. Its tenants include major supermarket chains, and most leases are linked to inflation, offering automatic rent increases. This structure has helped SUPR maintain steady cash flows even as other commercial property sectors face headwinds.

Below is a breakdown of the current share price, dividend details, analyst forecasts, and the factors that influence the stock. All figures are based on publicly available data as of September 2025.

What Is the Supermarket Income REIT (SUPR) Share Price Today?

Key insights at a glance

• SUPR’s dividend yield of up to 7.79% is well above the FTSE 250 average of around 3–4%.
• The share price has risen 16% in 2025, outperforming the FTSE EPRA NAREIT UK Index, which declined by 2% over the same period.
• Analysts have raised their price target by approximately 4% to £0.86 per share, reflecting improved fair value estimates.
• Dividend per share has grown by about 1% annually, with a target of 6.18p for FY2026.
• The payout ratio stands at 122.1%, meaning dividends exceed earnings – a common situation for REITs due to non-cash depreciation charges.
• Most leases include CPI-linked rent adjustments, providing automatic annual growth that supports income stability.
• Higher interest rates remain a key risk, as they can increase borrowing costs and discount rates used to value property portfolios.

What Is the Supermarket Income REIT Dividend and Yield?

Dividend per share history and forecasts

SUPR pays dividends quarterly. The dividend per share has increased steadily at about 1% per year. In FY2025 the total dividend was 6.12p per share, and management has set a minimum target of 6.18p for FY2026.

Ex-dividend dates

1 October 2025 was the declaration date for the interim dividend covering the period July–September 2025. For the exact ex-dividend calendar, investors should refer to the company’s investor relations section on its website.

Is the Supermarket Income REIT dividend sustainable?

Nevertheless, the payout ratio of 122.1% is worth watching. While this is typical for REITs – depreciation reduces earnings without affecting cash flow – it means that earnings alone do not fully cover the dividend. Investors should also note that rising interest rates could increase the cost of debt and pressure property valuations.

What Is the Supermarket Income REIT Share Price Forecast?

Price target

Analysts have increased their price target for SUPR by around 4% to £0.86 per share as of late 2025. This target reflects higher fair value estimates based on the narrowing discount to net tangible assets and improved income visibility.

Analyst rating

Analyst coverage is moderate, but the consensus leans positive. The stock is widely viewed as a defensive income play rather than a high‑growth investment. The forward P/E ratio of 12.57 and forecast earnings growth of 11.2% per annum suggest the shares are not overvalued relative to the REIT sector.

Is Supermarket Income REIT a good investment?

For income‑oriented investors, SUPR offers a high dividend yield with relatively predictable cash flows. The 16% share price gain in 2025 and the narrowing discount to net asset value indicate improving market sentiment. However, the modest dividend growth rate (1% per year) and the low analyst following may not appeal to those seeking capital appreciation.

Why Is the Supermarket Income REIT Share Price Falling?

While SUPR has risen 16% year-to-date, it is not immune to periodic declines. The share price operates within a 52‑week range of 76.22p to 89.20p, meaning it has fallen from its highs at times. Fluctuations are often linked to changes in interest rate expectations and property valuation updates.

Latest news and updates

In 2025, the joint venture with Blue Owl Capital to acquire 10 Asda supermarkets for £196 million was a significant development. The net initial yield of 7.4% on these properties was well received by the market. On the downside, rising bond yields can make REITs less attractive compared to fixed income, occasionally triggering sell‑offs.

How does it compare to other UK REITs?

SUPR’s 7.2–7.79% dividend yield is higher than many diversified REITs such as Land Securities (LAND) and British Land (BLND), which typically yield 4–6%. The focus on supermarket property also differentiates it from peers that own offices, shopping centres, and industrial assets. The forecast return on equity of 9.2% is modest relative to the broader UK market average of 12.2%.

Net asset value (NAV) and its role

NAV is a key valuation metric for REITs. The discount to net tangible assets has narrowed markedly over 2025, reflecting stronger investor confidence. A narrower discount suggests that the market is pricing SUPR closer to the underlying value of its portfolio. Changes in property valuations, which are influenced by interest rates and rental growth, directly affect NAV and, consequently, the share price.

Where to Find Supermarket Income REIT Share Chat and News?

Share chat forums

Investors discuss SUPR in real time on platforms like ADVFN share chat, where sentiment can shift rapidly around results and interest rate news. The tone is often informal and should be treated as unsourced opinion rather than investment advice.

Major holders

Supermarket Income REIT has a secondary listing on the Johannesburg Stock Exchange (JSE), which broadens its institutional shareholder base. Exact holder data is available from the company’s annual report and filings on the LSE company page.

Latest news sources

News about SUPR can be tracked via Yahoo Finance and the LSE quote page, which provide updates on corporate announcements, results, and dividend declarations.

What Are the Key Events That Have Affected the Supermarket Income REIT Share Price?

1. 2025: The share price traded in a range of 76.22p to 89.20p, reflecting volatility caused by shifting interest rate expectations. The overall trend was positive, with a 16% gain year‑to‑date.
2. Recent: The bid‑ask spread narrowed, indicating improved liquidity and stabilising market conditions for SUPR shares.
3. Ongoing: Portfolio valuation updates, driven by CPI‑linked rent reviews and new acquisitions, continue to influence NAV and investor sentiment.

What Is Certain and Uncertain About Supermarket Income REIT?

How Does Supermarket Income REIT Fit Into the UK Property Market?

SUPR occupies a specific niche: owning grocery‑anchored real estate. Supermarket properties are considered defensive because consumer spending on food is non‑discretionary. This makes the trust less sensitive to economic cycles than REITs focused on offices or shopping centres.

The trust’s dividend yield of up to 7.79% is significantly above the average for UK REITs (around 4–5%). This premium partly reflects the perception that grocery property income is more stable, although it also indicates higher leverage or lower growth expectations compared to the broader market.

Changes in interest rates affect SUPR in two ways: they alter the cost of debt and they shift the discount rate applied to property valuations. When rates rise, REITs often underperform, and when rates stabilise or fall, the sector tends to recover. SUPR’s fixed‑rate, long‑term leases provide some insulation, but the trust is still correlated with the interest rate cycle.

For broader context, the Houses for Sale Leicester – Average Prices and Market Trends article covers UK property market trends, which can indirectly affect investor sentiment towards all property‑linked investments, including REITs.

Where Do the Facts Come From?

“Supermarket Income REIT plc is a UK-focused Real Estate Investment Trust that owns and leases grocery stores and supermarket properties across the United Kingdom.”

— LSE company page, company overview

Additional data used in this article comes from Yahoo Finance (volume and range), Hargreaves Lansdown (current price), and the company’s own financial reports and announcements.

What Is the Summary for Supermarket Income REIT?

Supermarket Income REIT combines a high dividend yield (7.2–7.79%) with a resilient business model anchored by long‑term, inflation‑linked leases in the grocery sector. The share price has performed strongly in 2025, rising 16% as investor confidence improved. Analysts have raised their price target to 86p, but the outlook depends on interest rates and portfolio valuation trends. For investors seeking regular income with moderate growth expectations, SUPR remains a relevant candidate. Related coverage on supermarket operations can be found in the article Tesco Evri Partnership Ends – Express Stores Drop Parcel Services.

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