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SERE Schroder European Real Estate Investment Trust Plc

62.00
-1.00 (-1.59%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Schroder European Real Estate Investment Trust Plc LSE:SERE London Ordinary Share GB00BY7R8K77 ORD GBP0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -1.59% 62.00 61.60 62.40 - 147,554 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 19.67M -9.38M -0.0702 -8.97 84.25M
Schroder European Real Estate Investment Trust Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker SERE. The last closing price for Schroder European Real E... was 63p. Over the last year, Schroder European Real E... shares have traded in a share price range of 60.20p to 89.60p.

Schroder European Real E... currently has 133,734,686 shares in issue. The market capitalisation of Schroder European Real E... is £84.25 million. Schroder European Real E... has a price to earnings ratio (PE ratio) of -8.97.

Schroder European Real E... Share Discussion Threads

Showing 251 to 273 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
26/3/2024
12:13
I'm keeping it simple and just focussing on yield and discount to nav spec. Sere's 8.3% yield is covered whereas labs 4.6% yield isn't. The discounts are approx the same.
hugepants
26/3/2024
11:47
I sold my LABS shares (another disaster!) to top up down here at 61.2p
hugepants
21/3/2024
15:20
thnx - edited accordingly
skyship
21/3/2024
10:33
Well Kepler has that totally wrong. Divi rebased to 1.48c/Qtr, ie 5.92c pa. At 1:17 forex, that = 5.06p for a yield of 7.97% at 63.5p.
skyship
21/3/2024
10:07
The Kepler research note dated yesterday says the yield is 6.3%, not 8%.

"......A key difference between European and UK commercial property is that there are often explicit inflation links via CPI in lease terms in Europe, which is referred to as ‘indexation217;. SERE's portfolio is 100% exposed to some form of local indexation, and Jeff reports that even at higher inflation rates, indexed rents have all been accepted by tenants. SERE's dividend yield of 6.3% is fully covered, following a rebasing of the dividend in 2023....."

ammons
21/3/2024
09:23
New research (Kepler)
hugepants
20/3/2024
17:11
Happy to sit and hold on an approx 8% yield and wait for a recovery
Good to see dividend cover expanding

ntv
20/3/2024
10:58
Results as expected. NAV 124.8c (106.7p at forex 1:17). Divi covered 110%; so continue like that and we could see a minor increase at the end of the year. 96% occupancy and 100% rent collection.

Sir Julian Berney Bt., Chairman, commented:

"The Company is very well placed, with one of the strongest balance sheets - a net LTV of 24% and €27 million in cash - and dividend covers amongst the UK-listed peer group. The Board continues to assess opportunities to grow earnings and the evolution of the strategy to maximise shareholder returns and liquidity. The current share price discount does not reflect the strength of the portfolio, growth city exposure and local expertise of the investment manager."

At the offer price of 63.5p these are now on a 40.5% discount & an 8.03% yield.

Rating does seem more than a little harsh.

skyship
15/3/2024
08:59
Should see the Q4'23 NAV & Divi Update next week.

At 64p these are now on a 40% discount and 8% yield. So now down to good value; but currently unable to see what might put them any better.

skyship
26/2/2024
14:10
I post when, where and what I like.

Comprehend.

neilyb675
26/2/2024
14:08
Thnx Neily - but we can all see the share price - so no need for yr pricing updates!
skyship
26/2/2024
13:59
65.40 - 67.80 (GBX) at 08:09:15
on Market (LSE)

neilyb675
19/2/2024
15:12
66.20 - 67.80 (GBX) at 14:02:53
on Market (LSE)

neilyb675
12/1/2024
14:52
Not the most positive of updates...

Property Portfolio Valuation -

speedsgh
08/1/2024
11:40
Thanks Skyship, I'll have a closer look, but I like their portfolio.
boystown
08/1/2024
11:35
Yes, back in with a quite high allocation. Like you was relieved to have banked a reasonable profit up at c. the 87p level - see P. No.204.

After the sensible re-basing of the dividend the 37% discount and 7.3% yield certainly looks like good value.

skyship
08/1/2024
11:10
Did you buy back in here Skyship? I sold at over 87p last time - but am tempted to buy back for the relatively safe yield even if the share price stagnates.
boystown
06/1/2024
13:16
30mins into this video presentation, the investment manager talks about possible buybacks, which, with the 40% NAV discount, is a subject constantly discussed with the BoD:
skyship
02/1/2024
20:19
Major shareholders:

# Truffle Asset Management = 10%

# Schroders = 8%

skyship
02/1/2024
16:52
Agreed, too small to survive as a lone entity IMO and that's partly why I took a stake in the hope that something would happen to consolidate/take it out
cwa1
02/1/2024
16:46
Indeed; however SERE is 100% in Euroland - so an entirely different proposition.
skyship
02/1/2024
16:30
Will probably merge with another REIT - that seems to be the way things are going, although means no premium for shareholders.
riverman77
02/1/2024
16:26
I wonder what 2024 holds for SERE. Surely far too small to continue as an independent entity - £92m MCap!

Personally feel that they should put up a For Sale notice; and if no-one approaches then opt to liquidate. Should realise something in the range of 95p-100p.

95p would provide c 33% upside. I'd be happy with that!

skyship
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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