Supermarket Income REIT’s portfolio lost 13.3% of its value over the second half of 2022.
In a valuation update this morning, the REIT said yields had shifted outward to 5.5%, resulting in a fall in value to £1.625bn.
However, it noted that the valuation decline was partially mitigated by its inflation-linked rental uplifts, which increased rents on average by 3.7%.
Ben Green, director at the REIT’s investment adviser, Atrato Capital, said: “Supermarket property has been less volatile than the broader UK property market but has not been immune to the outward yield shift experienced across investment markets.”
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