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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 70.30 | 104,055 | 10:27:12 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 69.60 | 70.80 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | EUR 19.67M | EUR -9.38M | EUR -0.0702 | -10.01 | 94.02M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:26:54 | O | 150,000 | 68.9528 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/11/2024 | 07:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Notice of Full Year Results |
| 09/10/2024 | 07:35 | ALNC |  IN BRIEF: Schroder European Real Estate property portfolio value down |
| 09/10/2024 | 06:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Property Portfolio Valuation |
| 07/10/2024 | 13:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate.. |
| 17/9/2024 | 14:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate (SA.. |
| 12/9/2024 | 12:09 | ALNC | IN BRIEF: Schroder European Real Estate quarterly net asset value down |
| 12/9/2024 | 06:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Announcement of NAV and Quarterly.. |
| 26/7/2024 | 15:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Holding(s) in Company |
| 15/7/2024 | 13:00 | UK RNS | Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate.. |
| 11/7/2024 | 07:48 | ALNC | IN BRIEF: Schroder European Real Estate property portfolio value up |
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 |
|---|---|---|---|
| 09/10/2024 | 06:12 | Schroder European Real Estate Inv Trust | 295 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:32:56 | 68.95 | 150,000 | 103,429.20 | O |
| 10:32:53 | 68.95 | 144,300 | 99,498.89 | O |
| 10:26:56 | 70.50 | 2,583 | 1,821.02 | O |
| 10:11:30 | 70.50 | 87 | 61.34 | O |
| 10:11:18 | 69.75 | 40,000 | 27,900.00 | O |
| Top Posts |
|---|
Posted at 21/11/2024 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 70.30p.Schroder European Real E... currently has 133,734,686 shares in issue. The market capitalisation of Schroder European Real E... is £94,015,484. Schroder European Real E... has a price to earnings ratio (PE ratio) of -10.01. This morning SERE shares opened at - |
Posted at 03/10/2024 09:41 by skyship Another trust sells up as sub-scale and unable to grow due to the large NAV discount.This today from ROOF: "As described further below, the Board determined that a sale of the Portfolio was the best means of maximising Shareholder value against a backdrop of persistently wide share price discounts in the investment trust sector, the subscale nature of the Company and consistent shareholder feedback to sell the Portfolio." About time Schroders recognised that SERE too is too small. It needs to sell in-house, sell to a third party or opt to wind-up. |
Posted at 06/9/2024 19:09 by bench2 Wow , +4% share price on decent volume , but will it hold ? With Tritax Eurobox agreeing to a bid by Segro SERE looks a sitting duck on such a big discount . |
Posted at 20/6/2024 08:09 by skyship Problem with buybacks is they would just further reduce the size of SERE.They recognise they have a problem; but are failing to deal with it. Voluntary Liquidation really the only solution. |
Posted at 19/6/2024 07:27 by skyship Steady as she goes sort of statement; though the Chairman tries to beef up SERE's credentials:"The Company provides a compelling and differentiated investment proposition compared to our UK-listed peers. We have the flexibility to grow earnings through exposure to strongly performing assets in higher growth European cities, as well as executing on value-enhancing asset management opportunities." The fact is that SERE is really too small to continue; they should wind-down as per API & ASLI - both more than twice the size. Still, at 64p these are on a 39% discount and an 8% yield - so certainly value for the patient whilst we wait for Schroders to do the right thing. |
Posted at 05/6/2024 11:35 by raj k Does anyone know what the current divdiend yield is for SERE. i make it 1.48 cents a quarter which is 1.26 pence x 4 = 5.04 pence. On buy price of 64.2 thats 7.85%. Where are Hargraeaves Lansdown and AIC website getting 9.0% from? |
Posted at 05/6/2024 09:18 by raj k I want to invest in SERE my concern being the office exposure , trying to look through their latest presentations. What is Ian Cowie referring to as luxury shopping malls?SERE manager did a presentation So they have three offices. Manager is not worried about the two in Germany , even though they are grade B there is demand for the lower rents compared to prime office Says office block in France is more challenging. Factsheet from 30 september 2023 show this as 16% of total portfolio. Let to SME's on shorter leases so reuqires lots of management. Id feel more comfortable if they didnt have this but at a 40% discount to NAV might be a good investment |
Posted at 18/5/2024 08:18 by skyship dip666 - Cowie has it wrong on SERE."The explanation is SERE’s very different underlying portfolio of luxury shopping malls and urban office blocks." Yes they have some Office; but the luxury shopping mall is a Lidl store in Frankfurt! SERE at 64.2p on a Dec'23 NAV discount of 39.8% and a covered yield of 7.94%. Now one of the best value plays in the sector after recent rises elsewhere. |
Posted at 05/4/2024 12:35 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 11:01 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 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. |
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