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SERE Schroder European Real Estate Investment Trust Plc

62.40
1.00 (1.63%)
20 Dec 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 Shares Traded Last Trade
  1.00 1.63% 62.40 150,212 16:35:19
Bid Price Offer Price High Price Low Price Open Price
61.40 62.40 61.60 60.60 61.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust EUR 19.67M EUR -9.38M EUR -0.0702 -8.75 82.11M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:19 UT 1,460 62.40 GBX

Schroder European Real E... (SERE) Latest News

Schroder European Real E... (SERE) Discussions and Chat

Schroder European Real E... Forums and Chat

Date Time Title Posts
19/12/202408:55Schroder European Real Estate Inv Trust319

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Schroder European Real E... (SERE) Most Recent Trades

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Schroder European Real E... (SERE) Top Chat Posts

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Posted at 22/12/2024 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 61.40p.
Schroder European Real E... currently has 133,734,686 shares in issue. The market capitalisation of Schroder European Real E... is £82,113,097.
Schroder European Real E... has a price to earnings ratio (PE ratio) of -8.75.
This morning SERE shares opened at 61.40p
Posted at 18/12/2024 11:04 by skyship
All rather bizarre. SERE believe no substance in the claim; so no provision made.

If so categorical, why are the French tax authorities so convinced the other way.

All we can do is wait upon events; or cut our losses!
Posted at 18/12/2024 10:00 by lord gnome
Something out of left field? Never heard anything about this before. Another reason to drop the share price. Bah!
Posted at 11/12/2024 14:16 by skyship
Bought back at 65.7p my earlier top-slice when in the 70s.

35% discount and 7.44% yield makes SERE one of the best value REITs.
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 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 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.
Schroder European Real E... share price data is direct from the London Stock Exchange

Schroder European Real E... Frequently Asked Questions (FAQ)

What is the current Schroder European Real E... share price?
The current share price of Schroder European Real E... is 62.40p
How many Schroder European Real E... shares are in issue?
Schroder European Real E... has 133,734,686 shares in issue
What is the market cap of Schroder European Real E...?
The market capitalisation of Schroder European Real E... is GBP 82.11M
What is the 1 year trading range for Schroder European Real E... share price?
Schroder European Real E... has traded in the range of 59.80p to 74.00p during the past year
What is the PE ratio of Schroder European Real E...?
The price to earnings ratio of Schroder European Real E... is -8.75
What is the cash to sales ratio of Schroder European Real E...?
The cash to sales ratio of Schroder European Real E... is 4.17
What is the reporting currency for Schroder European Real E...?
Schroder European Real E... reports financial results in EUR
What is the latest annual turnover for Schroder European Real E...?
The latest annual turnover of Schroder European Real E... is EUR 19.67M
What is the latest annual profit for Schroder European Real E...?
The latest annual profit of Schroder European Real E... is EUR -9.38M
What is the registered address of Schroder European Real E...?
The registered address for Schroder European Real E... is 1 LONDON WALL PLACE, LONDON, EC2Y 5AU
What is the Schroder European Real E... website address?
The website address for Schroder European Real E... is www.schroders.co.uk/sereit
Which industry sector does Schroder European Real E... operate in?
Schroder European Real E... operates in the REAL ESTATE INVESTMENT TRUST sector

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