We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.80 | 1.31% | 62.00 | 30,781 | 10:54:45 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 61.80 | 63.00 | 62.00 | 62.00 | 62.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | EUR 19.67M | EUR -9.38M | EUR -0.0702 | -8.83 | 82.92M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:54:45 | O | 12 | 63.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/4/2024 | 15:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate.. |
| 11/4/2024 | 07:36 | ALNC |  IN BRIEF: Schroder European Real Estate portfolio valuation declines |
| 11/4/2024 | 07:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Property Portfolio Valuation |
| 03/4/2024 | 07:59 | ALNC | IN BRIEF: Schroder European Real Estate secures refinancing deal |
| 03/4/2024 | 07:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Refinancing of French Logistics Debt.. |
| 25/3/2024 | 14:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate (SA.. |
| 21/3/2024 | 07:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Kepler Trust Intelligence: New Research |
| 20/3/2024 | 11:56 | ALNC | IN BRIEF: Schroder European Real Estate quarterly net asset value down |
| 20/3/2024 | 10:25 | UK RNS | Schroder Eur Real Est Inv Trust PLC Announcement of NAV and Quarterly.. |
| 18/3/2024 | 14:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Result of AGM |
Schroder European Real E... (SERE) Share Charts1 Year Schroder European Real E... Chart |
|
1 Month Schroder European Real E... Chart |
Intraday Schroder European Real E... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/4/2024 | 10:34 | Schroder European Real Estate Inv Trust | 266 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:54:45 | 63.00 | 12 | 7.56 | O |
| 09:36:04 | 62.40 | 7,972 | 4,974.53 | O |
| 09:01:07 | 62.66 | 635 | 397.88 | O |
| 08:24:14 | 62.19 | 160 | 99.50 | O |
| 08:22:25 | 61.60 | 7,000 | 4,312.00 | O |
| Top Posts |
|---|
Posted at 25/4/2024 09:20 by Schroder European Real E... Daily Update 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 61.20p.Schroder European Real E... currently has 133,734,686 shares in issue. The market capitalisation of Schroder European Real E... is £82,915,505. Schroder European Real E... has a price to earnings ratio (PE ratio) of -8.83. This morning SERE shares opened at 62p |
Posted at 11/4/2024 22:40 by hugepants Portfolio valuation as at end March...The direct property portfolio was independently valued at €208.1 million. The marginal like-for-like decrease over the quarter of -1.0% (31 December 2023 -1.8%), or -€2.2 million,1 was driven by continued outward yield movement, particularly for offices and select retail. The rental income has remained stable with a continuing high level of rent collection and the portfolio benefiting from indexation and high occupancy of 96%... That would imply NAV is around 105p now. So still on a 40%+ discount. |
Posted at 05/4/2024 13:35 by speedsgh According to pg18 of the Annual Report for the year to 30/9/2023, there is an outstanding principal of EUR11.68m on SERE's 50% share of external debt in the Seville joint venture. The loan is provided by Münchener Hypothekenbank eG and has a maturity date of 22/5/2024.In the current FY SERE has refinanced 2 loans against properties in France: rns 20/12/23 re St Cloud, Paris office - rns 3/4/24 re Rennes logistics asset - |
Posted at 05/4/2024 12:09 by essentialinvestor Original RNS on the Seville acquisition, if you like your humour on the dark side, it's worth a read. |
Posted at 05/4/2024 12:01 by hugepants Yes its written down to squat. Kepler make the following observation on the debt attached to the shopping centre;"Although the headline figure for gearing is 24%, in effect SERE is geared c. 20%. This is because one asset, a Seville retail asset, is written down to a value of zero. There is €11.7m of debt secured against this asset, with no recourse to any other assets . The lender collects all income from this asset which it uses to pay interest. Thus, from an investor perspective, having written the investment to zero from both an income and capital perspective, it has no day-to-day impact on the rest of the portfolio. Jeff believes that there is very little chance of recovering any value from this asset and all the cashflows from the asset go to servicing the debt. Although a conclusion hasn’t been reached, one possible outcome is that the asset is handed over to the lender at the end of the loan's term. Because shareholders have already foregone any value for this asset, which is held within a structure with no recourse to the rest of the company, this tranche of debt would have no effect positively or negatively on SERE's NAV should the rest of the portfolio rise or fall in value, and so one can consider the gearing to be c. 20% from the perspective of what gearing will mean for net asset value total return. In a scenario where this specific asset rises in value significantly, which is very unlikely at this stage, then of course this would have a positive impact on NAV." |
Posted at 05/4/2024 11:54 by skyship No. ARTL disposed of the H2O shopping centre in Madrid. SERE still hold the Seville shopping centre - though written down to ZERO. |
Posted at 21/3/2024 09:23 by hugepants New research (Kepler) |
Posted at 20/3/2024 10:58 by skyship 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. |
Posted at 26/2/2024 14:08 by skyship Thnx Neily - but we can all see the share price - so no need for yr pricing updates! |
Posted at 13/12/2023 12:40 by hugepants Worth noting perhaps that it has quite a concentrated portofolio with one tenant, a datacentre/office in Netherlands, being 17% of the rent. Otherwise the portfolio looks pretty good with offices at 33% but these appear well located in major European cities. Industrial properties are about 30% and retail about 15% which looks to be mainly retail warehouse. Rent is linked to inflation. LTV, net of cash, is 24%.On a 40% discount and the share price hasn't really bounced yet. |
Posted at 30/1/2023 08:41 by skyship I believe that being quite a small REIT, buybacks (see below) may not be on the agenda; more likely to use their cash with expanding the portfolio if suitable opportunities arise. Surely a few deals will present themselves as they have a very wide remit being a generalist player across the three countries of Germany, France and The Netherlands.==================== Extract from last month's Prelims: Share price The shares continue to trade at a discount, which as at 28 November 2022 reflected a circa 35% discount to the 30 September 2022 NAV. The Board and the Investment Manager remain frustrated in the share price performance, particularly given the differentiated strategy, strength of the underlying real estate, attractive dividend, local management expertise, strong balance sheet and cash reserves. Annualising the quarterly dividend of 1.85 euro cps (to 7.4 euro cents per annum) provides an attractive circa 8.0% dividend yield based on current share price. The Board will continue to review the discount, and at its discretion to execute a share buyback programme, as well as new acquisitions consistent with the current strategy. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
