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TSCDY / Supermarket REIT's latest Tesco acquisition proves ‘further valuation slide'

Supermarket REIT's latest Tesco acquisition proves ‘further valuation slide'
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF)'s latest acquisition of an omnichannel Tesco store in Worcester for £38.3mln on a net initial yield of 6% is indicative of a “further valuation slide” in the UK big-box sector, according to analysts at Shore Capital Markets. Shore Cap noted a 13.3% fall in Supermarket REIT's portfolio valuation in the group's recent interim results which softened yields to 5.7%. Read More
Posted: Apr 24 2023, 09:39
Author Name: Proactive Investors
Views: 082515

TSCDY News  

Tesco appoint former Aldi head as UK boss

By Proactive Investors
October 26, 2023

Tesco appoint former Aldi head as UK boss

Tesco PLC (LSE:TSCO) appointed former Aldi boss Matthew Barnes to head up its UK operations on Thursday, leaving investors questioning whether he coul more_horizontal

Tesco workers rally to tackle in-store violence

By Proactive Investors
October 16, 2023

Tesco workers rally to tackle in-store violence

A petition set up by a Tesco PLC (LSE:TSCO) worker urging the government to make any form of violence or abuse against retail workers a distinct crimi more_horizontal

Tesco sales climb after discounting

By Market Watch
October 4, 2023

Tesco sales climb after discounting

Tesco on Wednesday posted an almost 9% uptick in sales following a successful push to poach customers from more expensive rivals. more_horizontal

Tesco profit upgrade not the last, says analysts

By Proactive Investors
October 4, 2023

Tesco profit upgrade not the last, says analysts

Tesco PLC (LSE:TSCO) lifted its full-year profit guidance on Wednesday but analysts at Shore Capital believe that should the average customer's econom more_horizontal

Tesco raises profit outlook after strong first half

By Proactive Investors
October 4, 2023

Tesco raises profit outlook after strong first half

Tesco PLC (LSE:TSCO) raised its profit guidance for the year after a strong first half and signalled it expects food inflation to fall in the second h more_horizontal

Tesco share price analysis and earnings preview: buy the dip?

By Invezz
October 3, 2023

Tesco share price analysis and earnings preview: buy the dip?

Tesco (LON: TSCO) share price has pulled back in the past few days as traders wait for the upcoming interim results. The shares retreated to a low of more_horizontal

Tesco asks farmers to plant more crops to combat climate change

By Proactive Investors
October 2, 2023

Tesco asks farmers to plant more crops to combat climate change

Tesco PLC (LSE:TSCO), the UK's largest supermarket, has told its farmers to plant more crops for this year over fears that climate change is leading t more_horizontal

Former Tesco boss adds to Brandshield stake as company seeks AIM delisting

By Proactive Investors
September 20, 2023

Former Tesco boss adds to Brandshield stake as company seeks AIM delisting

BrandShield Systems PLC (AIM:BRSD)'s minority shareholders might be feeling pretty disgruntled today, after the cybersecurity firm announced a double more_horizontal


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