Supermarket Income REIT secured rental uplifts at two of its supermarket sites during the first quarter of 2020.
The firm has agreed a 2.5% rental increase for the Tesco superstore in Limes Trees in Bristol, taking it to £1.62m per year, and a 13% increase to £2.87m per year at the Morrisons supermarket in Hillsborough in Sheffield.
Rent from the portfolio now totals £28.4m.
Supermarket Income REIT also confirmed that it had received 100% of its expected quarterly rent payments for March.
It has therefore reaffirmed its intention to pay its third-quarter interim dividend in line with expectations.
Following payment of the dividend, the firm said it would have a net loan-to-value ratio of 37.5%, versus an LTV covenant of 60%, and a cash balance of £32m.
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