Mission Statement, Vision, & Core Values (2026) of Supermarket Income REIT plc.

Supermarket Income REIT plc (SUPR.L) has built a focused platform since its incorporation in 2017, owning grocery-anchored real estate that underpins national food infrastructure and supports omnichannel retailing; as of 30 June 2025 its portfolio comprises supermarkets let on long-term leases to leading grocers with income streams designed to be stable and inflation-linked, its strategic shift to internal management completed in March 2025 aligns management and shareholder interests, its Climate Transition Plan targets net-zero by 2050, and governance of sustainability sits with an ESG Committee established in 2022-read on to explore how SUPR's mission to create sustainable long-term value, its vision to lead in mission-critical grocery property, and core values of performance, integrity, accountability, collaboration and responsible business translate into investment decisions and portfolio outcomes

Supermarket Income REIT plc (SUPR.L) - Intro

• Portfolio focus: long-let supermarkets with national grocers and major discount operators.
• Geography: predominantly UK, selective continental Europe exposure.
• Tenant mix: leading supermarket operators with investment-grade characteristics or strong covenant profiles.

• Target assets: convenience and large-format supermarkets that are integral to retailers' store networks and e‑commerce fulfilment.
• Income structure: long-term, predominantly index-linked leases providing inflation-protected cash flows.
• Risk management: diversified tenant base across multiple grocery operators and geographic spread to reduce single-operator concentration risk.

• Internalisation: management function internalised in March 2025, aligning management incentives with shareholders and expected to reduce management fees over time.
• Balance sheet management: conservative gearing with LTV around one-third and access to committed facilities to support liquidity and selective acquisitions.

• Net-zero target: committed to achieving net-zero greenhouse gas emissions across its value chain by 2050 via the Climate Transition Plan.
• Short- and medium-term actions: energy efficiency upgrades at store assets, tenant engagement on scope 3 emissions, and renewable energy procurement where feasible.
• Reporting: annual sustainability disclosures aligned with TCFD recommendations and inclusion of EPC improvements in asset management plans.

Supermarket Income REIT plc (SUPR.L) - Overview

• Focus: Grocery-anchored supermarkets and convenience stores located across the UK and Ireland.
• Sustainability: Investment decisions reflect environmental and social considerations, including energy efficiency, carbon reduction and community impact.
• Resilience: Target assets with strong covenant strength, defensive demand characteristics and long lease lengths to protect income.
• Operational alignment: Internalisation of management in 2025 to align governance, lower operating friction and better execute the mission.

• Acquire dominant grocery-anchored assets with long-term leases and strong tenant covenants.
• Enhance the operational sustainability of assets (energy performance, waste reduction, EV charging).
• Support omnichannel retail requirements by selecting locations suitable for click‑and‑collect and local fulfilment.
• Maintain a conservative capital structure to preserve dividend resilience through economic cycles.

• Essentiality - prioritising real estate that underpins everyday life and food security.
• Stewardship - responsible asset management focused on environmental and social outcomes.
• Discipline - conservative underwriting, covenant focus and long lease profiles.
• Alignment - governance and management aligned with shareholder interests (internalisation 2025).
• Community - supporting local economies through accessible retail provision.

• Tenant mix: predominately supermarkets and convenience operators with defensive trading profiles and strong footfall.
• Location strategy: focus on dominant catchments, town-centre and edge-of-centre sites that ensure accessibility for essential shopping.
• Lease structure: long-dated leases with rental escalation mechanisms to protect income against inflation.
• Capital allocation: prioritise acquisitions offering resilient cashflows and disposals where capital can be redeployed into higher-strength opportunities.

• Energy efficiency upgrades across eligible assets to reduce operational carbon intensity.
• Installation of EV charging and improved waste management in selected supermarket car parks.
• Community engagement via tenant-led food access initiatives and local employment retention.

• Internalisation of management in 2025 to align day‑to‑day operations with shareholder objectives and reduce third‑party management fees.
• Board oversight focused on capital allocation discipline, risk management and sustainability integration.

Supermarket Income REIT plc (SUPR.L) - Mission Statement

• Focus: long-let, supermarket-anchored properties that are integral to grocery retailers' operations and supply chains.
• Omnichannel strategy: prioritise stores with click-and-collect, dark store or last-mile fulfilment potential to capture e-commerce grocery penetration.
• Location-led approach: acquire assets in high footfall and population catchment areas to sustain consumer demand and pricing power.
• Sustainability integration: reduce energy intensity of assets through retrofits, efficiency measures and onsite renewable installations.
• Governance and oversight: an in-house ESG Committee established in 2022 to embed environmental, social and governance considerations across investment and asset-management decisions.

• Mission-critical nature: tenants are predominantly national supermarket operators with strong covenant strength and necessity-driven footfall.
• Lease security: emphasis on long unexpired lease terms and contractual rent reviews to preserve income visibility.
• Portfolio resilience: diversification across retailer brands, geographies and property formats (superstores, convenience formats, omnichannel-enabled sites).

• ESG Committee (est. 2022): sets targets and monitors progress on carbon reduction, tenant engagement and social outcomes.
• Energy efficiency: LED retrofits, building management system upgrades and targeted fabric improvements across the estate.
• Renewables and carbon: deploying rooftop solar installations where viable and pursuing scope 1-3 emissions reporting.
• Social impact: maintaining grocery accessibility in local communities, supporting convenience for vulnerable populations and preserving local employment through stable tenancies.

• Selective acquisition: disciplined purchases of mission-critical assets that enhance yield, duration and sustainability credentials.
• Active asset management: lease renewals, tenant capital expenditure co-investments and repurposing for omnichannel operations.
• Capital allocation: balance growth through accretive acquisitions with returns to shareholders via a progressive quarterly dividend policy.
• Risk management: concentration limits, covenant analysis and geographic spread to mitigate retailer-specific or local demand shocks.

Supermarket Income REIT plc (SUPR.L) - Vision Statement

• High Performance and Standards: target disciplined asset management, industry-leading lease security and operational efficiency across a diversified supermarket portfolio.
• Value Creation: focus on stable, contracted rental income, low vacancy, proactive portfolio recycling and accretive acquisitions that enhance EPRA NAV and dividend sustainability.
• Integrity: transparent reporting, clear disclosure of fees and related-party arrangements, and alignment of incentives with shareholder returns.
• Ownership and Accountability: empowerment of management and investment committee to execute strategy with clear KPIs, regular performance reviews and accountability to the Board and investors.
• Collaboration: partnership with supermarket occupiers, funders and advisors to optimise asset performance and deliver shared long-term value.
• Responsible Business: adherence to the UN Global Compact principles, clear conflict-of-interest controls, and ongoing ESG monitoring (energy, waste, tenant engagement).

• Investment discipline - strict underwriting focused on covenant strength and location, targeting assets that support long WAULTs and inflation-linked uplifts.
• Transparent governance - Board oversight, independent non-executives, and clear reporting against EPRA metrics and ESG KPIs.
• Responsible operations - tenant engagement programmes, energy-efficiency investments in-store, and monitoring of Scope 1-3 impacts as part of stewardship duties.
• Stakeholder alignment - dividend policy calibrated to sustainable rental cashflows, capital recycling when accretive, and clear communication with retail and institutional investors.