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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Schroder Real Estate Investment Trust Limited | LSE:SREI | London | Ordinary Share | GB00B01HM147 | ORD SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.80 | -1.85% | 42.40 | 42.10 | 42.70 | 42.50 | 42.10 | 42.10 | 195,335 | 14:19:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 25.23M | -54.72M | -0.1114 | -3.81 | 208.22M |
Date | Subject | Author | Discuss |
---|---|---|---|
21/7/2015 21:57 | On the contrary, it's the relatively higher voids here which make give SREI a somewhat more interesting upside than quite a few of it's peers. No need for impatience.... | redsonning | |
21/7/2015 19:32 | long term holder here but find it very disappointing that we still have a void rate in excess of 9% , after all were supposed to be in a buoyant market. does anyone know where and what these properties are? if it helps i'd like to offer the management my services, buckshee of course, and help let this nearly one tenth of the portfolio. I wouldn't mind a 10% uplift in the divi like my picton holding. | danny500 | |
20/7/2015 07:07 | Financial highlights for the 12 months ended 31 March 2015 · Profit before tax more than doubled to £54.8 million (31 March 2014: £20.9 million) · Earnings of 11.3 pence per share ('pps') (31 March 2014: 5.7 pps) · 18.7% increase in NAV per share for the year 31 March 2015 to 57.7 pps, principally due to a 13.2% increase in the capital value of the underlying portfolio · Dividend of 2.48 pps paid for the 12 months to 31 March 2015 · Strong NAV total return 24.4% (31 March 2014: 14.4%) · Outperformance of underlying property portfolio delivered total return of 20.8%, versus Investment Property Databank ('IPD') Benchmark Index of 17.1% · Loan to value ('LTV'), net of all cash, of 22.4% (31 March 2014: 37.8%) Unaudited NAV as at 30 June 2015 · As announced separately today, the Company reported a NAV of 59.1 pps as at 30 June 2015, representing a quarterly increase of 2.4%, principally due to an increase in value of larger assets acquired as part of the growth strategy · Recent acquisition of St. John's Retail Park in Bedford made a positive contribution, increasing in value to £34.1 million compared with the gross acquisition price of £32.2 million Operational highlights · Successful conversion to Real Estate Investment Trust ('REIT') status since the year-end, reducing the overall burden of UK taxation and increasing net income and overall profitability, with the potential to attract a wider investor base · £67.2 million of new equity raised through the placing programme during the year to 31 March 2015 together with disposal proceeds have been invested into seven acquisitions totalling £124.5 million at an average initial yield of 6.1% · Disposal of ten assets (including one unconditionally exchanged) totalling £73.8 million reflecting premium compared with the valuation as at 31 March 2014 of £22 million or 42% · Successful implementation of the growth strategy has made a positive contribution to shareholder total returns resulting in a fully covered dividend, lower leverage and improved economies of scale · High level of asset management activity with a reduction in the portfolio void rate as a percentage of rental value from 11.7% as at 31 March 2014 to 9.2% as at 30 June 2015 | skinny | |
08/6/2015 16:10 | 54p is my entry point, though with present momentum could go lower | my retirement fund | |
18/5/2015 07:04 | The Company announces that it has acquired the freehold interest in St.John's Retail Park in Bedfordfor £31.8million reflecting a net initial yield of approximately 6.5%. The property is well located approximately 1.5 milesto the south of Bedford town centre and comprises a130,000 sq ft retail warehouse park let to 12 tenants with an adjoining 11,600 sq ft office building. More.... | skinny | |
07/5/2015 21:07 | Falling nicely another 10% and it may get interesting | my retirement fund | |
29/4/2015 07:13 | Net Asset Value The Company delivered an unaudited net asset value ('NAV') of £299.2 million or 57.7 pence per share ('pps') as at 31 March 2015. This reflects an increase of 2.9% per share compared with the NAV as at 31 December 2014, or a NAV total return, including the dividend of 0.62 pps, of 4%. The NAV total return over the 12 months to 31 March 2015 was 24.4%. A breakdown of the NAV movement over the quarter is set out below: Dividend payment The Company announces an interim dividend of 0.62 pps for the period 1 January 2015 to 31 March 2015. The dividend payment will be made on 28 May 2015 to shareholders on the register as at 8 May 2015. The ex-dividend date will be 7 May 2015. Following shareholder approval to the REIT conversion proposal the Company expects to enter the UK REIT regime on or around 1 May. The aforementioned dividend for the period from 1 January 2015 to 31 March 2015 will be paid in the normal way and will be paid free of any withholding tax. more.... | skinny | |
31/3/2015 11:38 | Having read the link again it looks like the same level of div will be maintained as it is already 90%+ of the relevant profit definition. So just a bit of tax saving. | novision | |
31/3/2015 11:32 | I've probably got this wrong, but if a UK REIT must payout 90% of profit and the current div pay out is only 40% ish, does this mean divs would rise? (allbeit with less cover)or is this just about the tax bill? | novision | |
31/3/2015 07:02 | Schroder Real Estate Investment Trust Limited (the "Company") has today published a circular (the "Circular") to shareholders setting out proposals to become resident in the United Kingdom for tax purposes, to apply for entry to the REIT Regime, to adopt New Articles and setting out a Notice of Extraordinary General Meeting. more.... | skinny | |
16/2/2015 11:22 | For release 12 February 2015 Schroder Real Estate Investment Trust Limited (the `Company'/ `Group') Completion of non-income producing disposals The Company announces that it has completed on the disposal of Reynards Trading Estate in Brentford to Notting Hill Home Ownership (`NHHO') for GBP20.18 million which compares with the independent valuation as at 31 December 2014 of GBP18 million. In a separate transaction, the Company has completed the disposal of its site at Coventry Road, Hinckley to Redrow Homes Limited for GBP4.525 million. The price is in line with an independent valuation as at 31 December 2014.The transaction is structured so that the Company has received an initial payment of GBP2.26 million with the balance to be received in nine months without condition. Both properties are non-income producing and proceeds will be reinvested into income producing investments in line with the Company's strategy. | johnroger | |
28/1/2015 07:06 | Schroder Real Estate Investment Trust Limited announces an unaudited net asset value ('NAV') of £290.7 million or 56.1 pence per share ('pps') as at 31 December 2014. This reflects an increase of 1.8% per share compared with the NAV as at 30 September 2014, or a NAV total return, including the dividend of 0.62 pps, of 3%.The NAV total return over the 12 months to 31 December 2014 was 24.5% Dividend payment The Company announces an interim dividend of 0.62 pps for the period 1 October 2014 to 31 December 2014. Following the issuance of 47 million shares on 20 November 2014 the quarterly dividend payment increases from £2.9 million to £ 3.2 million. The dividend payment will be made on 27 February 2015 to shareholders on the register as at 6 February 2015. The ex-dividend date will be 5 February 2015. Over the quarter to 31December 2014 dividend cover was101% excluding exceptional items and non-recurring expenses. | skinny | |
29/11/2014 23:17 | Yes, but nothing much new there....that one has been effectively bust for the last five years. Continued trading only for the purpose of redeeming as much as possible of what it owed. | redsonning | |
28/11/2014 13:20 | More up to date data from IPD.... hxxp://www.ipd.com/a Extract... UK Commercial Property growth moderates in July, but industrials stand out London 14 August 2014: Commercial property values in the UK rose by 1.1% in July, somewhat less than the 1.6% growth seen in June. This was however the second highest monthly increase of 2014 to date, indicating that the recovery in values that began in May 2013 continues to build. According to the IPD UK Monthly Property Index, values have now risen by 11.2% over 15 months of consecutive growth, although overall they are still more than 30% below the peak levels of 2007. As I mentioned one could hardly describe commercial property as being near the top of it's cycle. Where it goes is of course a matter of personal judgement, but I continue to hold.... | redsonning | |
27/11/2014 12:20 | Well the general yield is ever falling, quality bonds with reasonable yield are in short supply. If you want yield increasingly you'll need to turn to equities imo. It does look like the stock markets have some way to go yet in the next few years. | envirovision | |
27/11/2014 12:13 | I think one of the real changes in this property cycle is that London real estate has become an asset class for the ultra wealthy, and not just institutional investors. Plenty of wealthy Arabs are quite happy to put £100m into the London commercial property market and also lots of retail investors are desperate for yield and see property as a safer bet than shares or bonds (which I think is historically a new phenomena). I suspect that, unless the market has a major correction, property will continue to be more attractive than bonds or shares for some time yet. | mad foetus | |
27/11/2014 11:56 | I suppose the irrational exuberance could have somewhat further to go as witnessed in the recent placing. | envirovision | |
27/11/2014 11:53 | Interesting read, although this is research nearly 2 years old. Note in the final the conclusion: Irrational exuberance on the part of both, hmmmm | envirovision | |
27/11/2014 11:49 | I'm amazed that anyone could think we are near the top of the commercial property price cycle. As usual the information is freely available on the Internet. hxxp://www.bankofeng | redsonning | |
27/11/2014 11:14 | Its just one crazed shopping spree isn't it, right at the top of the market as well probably ! but shareholders love it. | envirovision | |
20/11/2014 14:56 | The Directors have exercised the right, in consultation with Numis and J.P. Morgan Cazenove, to increase the number of New Shares offered pursuant to the Placing to 47.0 million New Shares. A total of 47,000,000ordinary shares (the "New Shares") have therefore been placed, subject to Admission, by J.P. Morgan Cazenove ("JPMC") and Numis Securities Limited ("Numis") at a price of 57.50p per share, raising gross proceeds of approximately £27.0 million. The New Shares represent approximately 10.0% of the issued ordinary share capital of the Company prior to the Placing. | skinny | |
19/11/2014 08:27 | Doh!! Ok, cheers, thought it was another subscription offer like April. | irnbru2 |
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