Schroder Real Estate Inv... Share Discussion Threads

[rongetsrich] 15/4/2024 13:07

Too quiet here! Not a bad day at all.

[cwa1] 03/4/2024 13:40

Got all mine from 28/3 if that's what you meant?

[deanowls] 03/4/2024 13:32

Has everyone received their divi from last week?

[dope007] 03/4/2024 11:16

Picked some up this morning for a long term yield investment

[dope007] 02/4/2024 13:00

Tempted to buy into these but hoping they drift back a little after the recent article in the Mail

[cardinal3] 31/3/2024 16:12

A decimal point in the right place might not go amiss. Meanwhile I am with others on here and like the management team. The Midas touch on the shares come Tuesday with any luck but I am having to wait till Weds for the div to be reinvested with ii.

[catch007] 31/3/2024 11:38

33.5P Divi on share price of 42p - what a return lol!

[mirandaj] 31/3/2024 09:25

Hopefully some might be able to work out what 8% of 42p is!

[flyer61] 31/3/2024 09:18

Those decimal places……

Enjoy the spike on Tuesday morning….

[deanowls] 31/3/2024 08:45

I’ll take that as a divi!

[mirandaj] 31/3/2024 08:19

This will bring SREI to a wider audience anyway:



A short paragraph:

Schroder Reit is already in a robust financial position. The group's year end runs to March 31 and a total dividend of 33.5p is expected, putting the stock on a yield of almost 8 per cent. Payouts should increase over time, especially as the firm took out long-term fixed-rate debt when interest rates were low.

[nickrl] 28/3/2024 09:51

Topped up here again although sometimes i feel that better off parking cash in fixed interest account for a couple of years and let those that don't want smaller companies in their portfolios just clear out as i suspect share price wont go anywhere until then.

[flyer61] 27/3/2024 09:06

Across the road from Stanley Green is 100k plus sq ft to let.

SREI share price didn't do well during Covid....

[nickrl] 27/3/2024 09:06

Raj K like many of its peer group its just being left behind because its too small for the wealth fund. No doubt somebody behind the scenes is trying to promote a merger of equals which based on the recent other corporate actions hasn't really helped their share prices. Anyhow happy at this level to keep recycling my divis back into them.

[raj k] 27/3/2024 08:51

How come SREI hasn't rerated somewhat. Is it the 25% exposure to offices holding it back?

[killing_time] 27/3/2024 08:25

Hi Mirandaj, you could well be right.
They did say in their last update that they could be fully let by July.

[mirandaj] 27/3/2024 08:20

An observation only.

It could be that Unit 6B at Stanley Green Trading Estate is the last one to be let.
The others are no longer listed.

[chucko1] 15/3/2024 13:07

There may be language which gives the lender the option to call in the loan, but that does not mean it would be exercised. This would make sense where the lender felt they were now structurally disadvantaged, and there could be many ways in which this could manifest.

If I were the borrower, I would simply refinance prior to the merger and repay the original loan if I were to be penalised by not being compensated for having a 10 year loan at 2%! There would very likely be the right to repay such a loan according to market conditions, and thereby receive that compensation.

I would be very surprised if the asset managers ever contracted a loan in a manner where they could suffer a windfall loss upon early repayment. It would remove their flexibility to alter the balance sheet to their advantage, which is a key need of a REIT.

But if their loans were floating rate and they simply hedged with swaps, this whole matter goes away as all swaps are assignable, subject to agreement with swap counterparty "NOT BEING UNREASONABLY WITHHELD". Given that all swaps are daily margined (nowadays), this has almost never occurred absent of, for example, the c/p being Lehmans etc.

[fordtin] 15/3/2024 11:39

Flyer - can you give a rough idea as to what percentage of the loans you've been involved with have been subject to a merger? And what percentage of those were consequently called in?

[flyer61] 15/3/2024 10:48

fordtin - no that's not what is being suggested. SREI's loan is unusual as it is at a particularly good rate and duration. If there was corporate activity with SREI the lender might decide to exercise it's rights. Most commercial loans I have been involved with have clauses that allow the lender a lot of control if things change.

[speedsgh] 15/3/2024 10:35

How about SREI & PCTN? Similarish portfolios?

[fordtin] 15/3/2024 10:32

API & CREI are courting at the moment. Are you guys suggesting all of the loans for both companies will be called in if the marriage goes ahead?