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The FTSE 250 index of shares rose 10% between April and June. This represented its best quarterly performance for four years. At 21,590 points, its now up almost 5% since the start of the year.
Demand for British mid-cap growth shares continues to soar as investors around the world search for cheap shares after years of underperformance
Here are two FTSE 250 shares I think offer great value, despite already punching strong gains in 2025.
Hit the target
Property stock Supermarket Income REIT (LSE:SUPR) has risen almost a quarter in value this year. It’s risen on hopes of sustained interest rate cuts that will lower its borrowing costs and boost net asset values (NAVs).
Yet despite this rise, it still offers a brilliant, market-beating 7.3% forward dividend yield. Investors are naturally drawn to real estate investment trusts (REITs) for their dividend potential — under sector rules, at least 90% of annual earnings must be paid out.
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The company enjoys reliable cash flows that have made it a dependable pick for dividend investors. Not only does it operate in a highly robust sector (food retail). It also lets out its properties to the industry’s largest chains, which all but eliminates occupancy and rent collection issues.
Indeed, almost three-quarters (73.5%, to be exact) of total rent rolls come from FTSE 100 members Tesco and Sainsbury‘s, the UK’s biggest and second-largest grocers, respectively. Supermarket Income REIT’s other blue-chip tenants include Morrisons, Asda, Aldi, and Carrefour in France, which provides it with a little international diversification.
This isn’t to say that threats don’t remain, of course. All the signs point to further interest rate cuts, but any inflationary pick-up (for instance, on an oil price shock) could limit further action by the Bank of England. In this event the trust’s share price could do a dramatic about-turn.
But on balance, I think it’s a top passive income stock to consider. One final thing: it still trades at a near-5% discount to its NAV per share of 89p.
Hear it roar
Worries over the geopolitical landscape in Eastern Europe and Eurasia persist. The upheaval in Ukraine since Russia’s invasion of 2022 shows that investors should be careful before investing in often-volatile emerging regions.
Yet these tensions haven’t stopped Lion Finance (LSE:BGEO) from printing stunning price gains in 2025. The firm — which changed its name from Bank of Georgia earlier this year — has risen 47% in value since 1 January.
These substantial gains could be explained by the FTSE 250 stock’s extremely low valuation that attracted bargain chasers. Even today, the bank trades on a forward price-to-earnings (P/E) ratio of just 5.3 times.
Adding an extra sweetener, Lion Finance’s corresponding dividend yield is an index-beating 4.2%.
At these prices, I think the bank deserves serious consideration despite those aforementioned threats. Georgia’s banking sector is rapidly expanding as the economy there balloons. And as one of the country’s big two operators (alongside TBC Bank), Lion Finance is watching profits explode.
Latest financials showed its loan book grew 23.2% in the first quarter. This in turn drove pre-tax profit 40.7% higher.
