Supermarket Income REIT Lists on Johannesburg Stock Exchange
TLDR
- Supermarket Income REIT plc (SUPR) has listed on the Johannesburg Stock Exchange (JSE)
- SUPR’s portfolio includes grocery properties that support both in-store shopping
- The move aligns with the JSE’s efforts to attract international companies
Supermarket Income REIT plc (SUPR), a UK-based real estate investment trust specializing in omnichannel grocery properties, has listed on the Johannesburg Stock Exchange (JSE) via a secondary listing.
SUPR’s portfolio includes grocery properties that support both in-store shopping and last-mile logistics for online grocery delivery and click-and-collect services. The JSE listing aims to boost share liquidity and diversify its shareholder base by attracting South African investors. No new shares were issued as part of the listing.
PSG Capital served as SUPR’s Corporate Advisor and Sponsor for the listing. The move aligns with the JSE’s efforts to attract international companies and expand its investment offerings. The company remains primarily listed on the London Stock Exchange.
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Key Takeaways
SUPR’s listing on the JSE highlights a growing interest in South Africa as a platform for global trading. This marks the JSE’s strongest listings pipeline in five years, reflecting its success in attracting foreign companies despite economic challenges. SUPR’s focus on omnichannel grocery properties, essential for online and offline shopping infrastructure, aligns with investor demand for stable, income-generating assets. The JSE listing is expected to enhance liquidity and diversify SUPR’s capital pool, potentially enabling future capital raises. The JSE now hosts 282 listed companies with a combined market cap exceeding R19.6 trillion, solidifying its position as a leading exchange for both local and global investors.
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