Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Supermarket Income REIT Plc is a United Kingdom-based real estate investment trust focused on owning and actively managing a portfolio of high-quality supermarket properties. It specializes in omnichannel supermarkets that support both traditional in-store shopping and online grocery fulfillment, including home delivery and click-and-collect services, serving as critical last-mile distribution hubs for major grocery operators. The portfolio features strategically located stores leased long-term to leading tenants such as Tesco, Sainsbury’s, Morrisons, Waitrose, Asda, Aldi, Marks & Spencer, and Carrefour, generating rental income through inflation-linked leases with full repairing and insuring terms. These properties are geographically diverse across the UK, forming essential infrastructure in the resilient grocery sector, which benefits from stable non-discretionary demand and structural shifts toward omnichannel retail. Supermarket Income REIT Plc, headquartered in London and advised by Atrato Capital Limited, plays a key role in the real estate market by providing investors access to this defensive asset class characterized by secure income streams and properties vital to the nation's food supply chain.
£0.88
£0.01 (-0.85%)
EOD Jul 3, 2026
Revenue grew 846.5%, still solid. Free cash flow declined 28% despite revenue growth, conversion is weakening.
Free cash flow declined 28% versus the prior year, cash generation momentum has weakened. Net debt of £508M represents 7.7x FCF, leverage limits flexibility.
17.9x earnings, 16.5x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£92M
▲ +846.5% YoY
Net Income (TTM)
£62M
▲ +390.4% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
£66M
▼ -28.2% YoY
Op. Cash Flow (TTM)
£78M
▼ -14.8% YoY
Net Debt
£508M
Cash & Equiv.
£95M
3Y CAGR: -7.9%
3Y CAGR: +1.6%
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At a P/E of 17.9 and a price-to-free-cash-flow of 16.5, Supermarket Income REIT (SUPR.XLON) trades around a two-stage DCF intrinsic value of about £1.00 per share, so at £0.88 the stock looks around fair value (14.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Supermarket Income REIT scores 26/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £1.00 per share for SUPR.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £0.75. At today's £0.88, that puts the stock about 14.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Supermarket Income REIT scores 26 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Supermarket Income REIT pays a regular dividend of about £0.06 per share per year (typically in quarterly installments), a yield of roughly 6.8% at the current price. That is a payout ratio of about 120.0% of earnings, so the dividend is stretched at this level. Supermarket Income REIT has grown the dividend at roughly 20.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SUPR.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. SUPR.XLON currently trades around its estimated intrinsic value and scores 26/100 on quality (lower-quality). It also yields about 6.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.