Supermarket Income REIT plc (SUPR), a prominent real estate investment trust based in the United Kingdom (UK), has listed today on the Main Board of the Johannesburg Stock Exchange (JSE) via a secondary listing.

Supermarket Income REIT specialises in investing in grocery properties predominantly across the UK, with a focus on omnichannel stores. These unique properties serve dual functions: traditional in-store shopping experiences and sophisticated last-mile logistics hubs for online grocery fulfilment, including home delivery and click-and-collect services. 

“We are delighted to be able to announce the first day of trading on the JSE via a secondary listing. We look forward to welcoming South African investors onto the Company’s register,” said Nick Hewson, Chair of Supermarket Income REIT. “The aim of the secondary listing is to enhance share liquidity and improve the diversity of our shareholder base, broadening access to the Company.”

SUPR’s listing on the JSE does not involve the issuance of new shares. Instead, it builds on the company's existing presence on the London Stock Exchange’s Main Market, where it remains listed under the closed-ended investment funds category of the Financial Conduct Authority’s (FCA) Official List. PSG Capital Proprietary Limited has been appointed as its Corporate Advisor and Sponsor in South Africa. 

“We acknowledge the growing interest from international entities such as Supermarket Income REIT in listing on our exchange. This listing enhances the diversity of our investment offerings and affirms the JSE’s role as a significant platform for global trading, attracting foreign investment and expanding our reach to both local and international investors,” said Valdene Reddy, Director: Capital Markets at the JSE.

Ben Green, Principal at Atrato Capital, the Investment Adviser to Supermarket Income REIT, added: “Supermarket Income REIT’s portfolio of high quality omnichannel supermarkets in the UK and Europe are essential ‘feed the nation’ infrastructure. We’re very excited for this next phase for the Company and remain focused on our strategy of delivering secure and growing income to shareholders.”

“PSG Capital is honoured to be involved with Supermarket Income REIT’s secondary listing on the JSE. The JSE is one of the best exchanges in the world and the South African investor community looks favourably on secondary listings, specifically in the property sector. We believe this strategic move will increase liquidity over time and further diversify pools of capital available for potential capital raisings in time. Congratulations to the entire Supermarket Income REIT team and welcome to South Africa.” said Johan Holtzhausen: Chairman of PSG Capital (corporate advisor and JSE sponsor to SUPR).

SUPR’s listing increases the number of companies listed on the JSE to 282 with a market cap exceeding R19.6 trillion.

The JSE has experienced its strongest listings pipeline in five years. Despite a challenging economic landscape, the number of listings has increased, underscoring the effectiveness of the exchange’s initiatives to create an enabling environment for listed and prospective companies.