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| 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
|
|
|---|---|---|---|---|---|
| 2.40 | 3.73% | 66.80 | 455,509 | 16:35:14 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 64.60 | 66.80 | 65.40 | 64.80 | 65.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | EUR 36.1M | EUR 13.99M | EUR 0.1046 | 6.25 | 87.46M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:02:47 | O | 75,000 | 64.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 07/11/2023 | 07:00 | UKREG | Schroder Eur Real Est Inv Trust PLC Notice of Full Year Results |
| 23/10/2023 | 13:00 | UKREG | Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate.. |
| 23/10/2023 | 06:04 | UKREG | Schroder Eur Real Est Inv Trust PLC Directorate Change |
| 18/10/2023 | 13:00 | UKREG | Schroder Eur Real Est Inv Trust PLC Appointment of Corporate Broker |
| 16/10/2023 | 07:10 | ALNC |  IN BRIEF: Schroder European Real Estate quarterly property value low |
| 16/10/2023 | 06:00 | UKREG | Schroder Eur Real Est Inv Trust PLC Property Portfolio Valuation |
| 03/10/2023 | 13:00 | UKREG | Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate (SA.. |
| 02/10/2023 | 07:46 | ALNC | IN BRIEF: Schroder European Real Estate secures debt refinancing |
| 02/10/2023 | 06:00 | UKREG | Schroder Eur Real Est Inv Trust PLC Refinancing Completed of Dutch.. |
| 28/9/2023 | 14:40 | ALNC | Schroder European Real Estate net asset value almost unchanged |
Schroder European Real E... (SERE) Share Charts1 Year Schroder European Real E... Chart |
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1 Month Schroder European Real E... Chart |
Intraday Schroder European Real E... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/10/2023 | 06:05 | Schroder European Real Estate Inv Trust | 215 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 02/12/2023 08:20 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 64.40p.Schroder European Real E... currently has 133,734,686 shares in issue. The market capitalisation of Schroder European Real E... is £87,462,485. Schroder European Real E... has a price to earnings ratio (PE ratio) of 6.25. This morning SERE shares opened at 65p |
Posted at 28/6/2023 06:23 by skyship Coupled with the 3% fall in NAV, SERE now looks rather toppy. At 87p the discount is 23.4% and the yield 6.55% for this year. |
Posted at 22/6/2023 15:42 by skyship With the sector weakness I reluctantly decided to take the profit in SERE - the only REIT holding its own recently.Expected a bid at 85p; surprised to be bid just over 87p. Perhaps a sign of something going on there; but happy to bank a nice turn nevertheless. |
Posted at 31/5/2023 13:54 by skyship 85p the pivot point for SERE. If we hold the current 86p Bid to the close, then share price could be signifying a breakout, with no resistance up to the 3 figure level.Could SERE attract a bid perhaps? free stock charts from uk.advfn.com |
Posted at 13/4/2023 12:40 by skyship 13 April 2023PROPERTY PORTFOLIO VALUATION Schroder European Real Estate Investment Trust plc ("SERE" or the "Company"), the company investing in real estate in European growth cities, today provides an update on the independent valuation of the property portfolio as at 31 March 2023: - The direct property portfolio was independently valued at EUR220.2 million, reflecting a marginal like-for-like decrease over the quarter of -1.3%, or -EUR2.8 million (1) , excluding the recent acquisition of an industrial warehouse in Alkmaar, located in the Netherlands and valued at EUR11.5 million. This change was primarily driven by circa 25 basis points of outward yield movement, which more than offset the positive impact of rental growth, increasing the portfolio net initial yield to 6.2%. - The portfolio office exposure (c. 34%(2) ) comprises investments in Hamburg, Stuttgart and Paris. Over the quarter, the marginal valuation decline for these assets has been mitigated by market rental growth in the respective sub-markets, supporting the Company's strategy of targeting sub-markets that are supply constrained, benefit from competing demands and are accessible and affordable. In addition, office occupancy figures in Continental Europe's major cities are close to the pre-pandemic European average of 70% (3) . - Based on 31 March 2023 values and following the recent refinancing of the German Hamburg/Stuttgart loan and proposed repayment of the French Rumilly loan, the portfolio LTV is approximately 31% based on gross asset value and 23% net of cash. - The Company remains well positioned with significant cash reserves, with potential investable fire power of up to approximately EUR40 million, including further gearing. (1) In addition, the Company has a 50% interest in a joint venture in Seville which continues to be recognised at nil value (2) Including cash (3) Savills |
Posted at 23/3/2023 11:26 by speedsgh ANNOUNCEMENT OF NAV AND DIVIDEND - - Unaudited NAV as at 31 December 2022 decreased by (3.4%) to €181.8 million, or 136.0 euro cents per share, driven primarily by a fall in the valuation of the investment property portfolio; - NAV total return decreased by (3.4%) over the quarter and by (1.5%) for the twelve months to 31 December 2022; - A first interim dividend of 1.85 euro cents per share to be paid for the year ending 30 September 2023, in line with target; - Underlying adjusted earnings from operational activities ("EPRA earnings") increased to €1.9 million (€1.8 million for the quarter ended 30 September 2022), which will grow with the redeployment of the Paris Boulogne-Billancourt sale proceeds and rental indexation; - The direct property portfolio was independently valued at €211.5 million, reflecting a like-for-like decrease over the quarter of (3.3%), or €7.2 million; - Post period end, the Company acquired, via a sale and leaseback, a freehold industrial warehouse in Alkmaar, the Netherlands, for approximately €11 million, reflecting a net initial yield of 5.6%; - The Company has a strong balance sheet and maintained a prudent gearing approach with an investable cash balance of approximately €37 million and a loan to value ratio ("LTV") of approximately 18% net of cash and 30% gross of cash. -------------------- Interim dividend The Company continues to pay a full dividend. The first interim dividend of 1.85 euro cents per share for the year ending 30 September 2023 represents an annualised rate of circa 8% based on the 13 March share price (c. 81 pence sterling). The quarterly dividend is 75% covered by EPRA earnings. Underlying adjusted EPRA earnings of €1.9 million (€1.8 million for the quarter ended 30 September 2022), which will increase with the redeployment of available investment cash and rental indexation. The interim dividend payment will be made on Friday, 5 May 2023 to shareholders on the register on the record date of Friday, 14 April 2023. In South Africa, the last day to trade will be Tuesday, 11 April 2023 and the ex-dividend date will be Wednesday, 12 April 2023. In the UK, the last day to trade will be Wednesday, 12 April 2023 and the ex-dividend date will be Thursday, 13 April 2023... |
Posted at 03/2/2023 16:25 by uapatel SERE, doing an investormeetcompany.Just a small starter position for me here. Will try and add more when cash available. |
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. |
Posted at 21/1/2023 08:48 by cwa1 Happy enough with it. Was lucky to have the online broker account tee'd up on SERE after reading about it on here! Saw the offer appear on the book. Pressed the button, got the price above, which disappeared immediately after I accepted it.Of course, I'll be thinking why on earth did I pay THAT much in a week or two's time 🙂 |
Posted at 06/12/2022 16:03 by skyship They seem intent on holding the uncovered 7.4c dividend, relying mainly upon reinvestment of the Paris proceeds to make up the shortfall.Unable to find the sector split, though did see Industrial now at 26%. ==================== Dividends Despite the deteriorating economic and geopolitical conditions, the Board has elected to continue with the 1.85 euro cps quarterly dividend. However, it will continue to review this position taking into account the level of tenant occupation, rent collection, refinancing and dividend cover. Dividend cover has improved over the last three quarters partly due to the additional investments in Cannes and Venray and is at around 70%. As announced previously, it is expected that dividends from net income will remain uncovered whilst the proceeds from the sale of Paris BB are reinvested. The Board expects to allocate some of the net sale proceeds towards covering the shortfall in income, pending the reinvestment of the remainder. Total quarterly dividends declared relating to the year are 7.4 euro cps, with a dividend cover for the year of 61%. Including the special dividends, total dividends paid increased 195% to EUR25.2 million (18.8 euro cps) versus the previous financial year. 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. |
Posted at 07/12/2021 13:15 by cwa1 Interesting, they sound frustrated:-Share price The shares continue to trade at a discount, which as at 1 December 2021 reflected a c.20% discount to NAV. The Board remains frustrated that the share price has not reflected the recent reinstatement of the dividend to pre-pandemic levels or the intention to release approximately 9.5 euro cents per share as special dividends. Annualising the 1.85 euro cents per share quarterly dividend (to 7.4 euro cents per annum) provides an attractive 6% dividend yield based on current share price. We do not believe that the share price reflects the strength of the Company's balance sheet, proven asset management value creation and real estate exposure in growth European cities. Given the healthy cash position, the Board will continue to review the discount and its discretion to execute a share buyback programme as well as new acquisitions consistent with its 'Winning Cities and Regions' strategy. |
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