Supermarket Income REIT PLC on Friday said it started trading on the Johannesburg Stock Exchange, which is its secondary listing.

The London-based firm is an investor in property leased to grocery retailers counts Waitrose Ltd, Tesco PLC and J Sainsbury PLC as portfolio brands.

‘At the company’s annual results in September, we signalled our intention to proceed with a secondary listing on the JSE and we are pleased to be announcing the completion of that process today with SUPR’s first day of trading on the JSE. A secondary listing will provide the company with a number of benefits including enhancing its profile with a broader investor base, further improving trading liquidity and the diversity of our shareholder register,’ Chair Nick Hewson said.

Supermarket Income shares were 0.2% lower at 70.35 pence each on Friday morning in London.

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