Supermarket Income REIT has published its first full-year results since listing on the London Stock Exchange in July 2017.
The results cover the period from 1 June 2017 to 30 June 2018.
The REIT, which invests in supermarket property, is chaired by Nick Hewson, co-founder, chief executive and chairman of Grantchester Holdings.
It has reported a net asset value per ordinary share of 96p as at 30 June 2018, down by 2% from 98p at the time of its IPO.
The company has also achieved its target annual dividend of 5.5p per share. It is aiming for a 5.63p per share for the 2018-19 financial year.
Since listing, the company has acquired a sixth supermarket, a Morrisons store in Sheffield, for £51.7m.
It has also taken on a £52m, five-year debt facility provided by Bayerische Landesbank.
Hewson said: “We have built our portfolio of supermarket property assets, in line with the business plan outlined at IPO and have delivered our 5.5p per ordinary share dividend target.
“Our portfolio produces inflation-linked income for shareholders together with the potential for long term capital returns.”
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