Schroder European Real E... Share Price. SERE - Stock Quote, Charts, Trade History, Share Chat, Financials. Schroder European Real Estate Investment Trust Plc

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Schroder European Real Estate Investment Trust Plc (SERE)
Schroder European Real Estate Investment Trust Plc (SERE) Share Price

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
	2.20	2.63%	86.00	73,703	15:58:14

Bid Price		Offer Price	High Price	Low Price	Open Price
86.00		87.20	86.00	83.80	83.80

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment Trust	36.10	13.99	10.50	8.49	115.01

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
17:33:53	O	753	86.00	GBX

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

Schroder European Real E... News

Date	Time	Source	Headline
17/4/2023	14:30	UKREG	Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate..
13/4/2023	08:44	ALNC	IN BRIEF: Schroder European Real Estate property value inches down
13/4/2023	07:00	UKREG	Schroder Eur Real Est Inv Trust PLC Property Portfolio Valuation
28/3/2023	10:30	UKREG	Schroder Eur Real Est Inv Trust PLC Change of Auditor
27/3/2023	14:30	UKREG	Schroder Eur Real Est Inv Trust PLC Dividend Currency Exchange Rate (SA..
23/3/2023	08:05	ALNC	IN BRIEF: Schroder European Real Estate net asset value declines
23/3/2023	07:00	UKREG	Schroder Eur Real Est Inv Trust PLC Announcement of NAV and Dividend
20/3/2023	09:37	ALNC	Schroder European Real Estate buys Netherlands site for EUR11 million
20/3/2023	07:00	UKREG	Schroder Eur Real Est Inv Trust PLC Acquisition of Warehouse in the..
02/2/2023	12:41	UKREG	Schroder Eur Real Est Inv Trust PLC Result of AGM

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

Schroder European Real E... Forums and Chat

Date	Time	Title	Posts
31/5/2023	14:54	Schroder European Real Estate Inv Trust	201

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

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2023-05-31 16:34:05	86.00	753	647.58	O
2023-05-31 15:48:03	86.00	6,275	5,396.50	O
2023-05-31 15:35:13	86.00	7,677	6,602.22	UT
2023-05-31 15:05:39	86.48	500	432.41	O
2023-05-31 14:51:20	87.00	11	9.57	O

View all Schroder European Real E... trades in real-time

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

Top Posts
Posted at 31/5/2023 14:54 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 Read Full Thread Follow Reply
Posted at 13/4/2023 13:40 by skyship 13 April 2023 PROPERTY 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 Read Full Thread Follow Reply
Posted at 23/3/2023 11:28 by speedsgh Recent Netherlands acquisition announcement... Acquisition of Warehouse in the Netherlands (20/3/23) - HTTPS://www.londonstockexchange.com/news-article/SERE/acquisition-of-warehouse-in-the-netherlands/15881350 Schroder European Real Estate Investment Trust Plc (the "Company"), the company investing in European growth cities, announces that it has 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 9,115 sqm property is fully let to W.A. Schuurman Beheer B.V., an electrical engineering and renewable energy specialist that has been in operation for over 100 years and serves as its headquarters and as its key distribution hub. The 20 year triple net lease, with a break at 15 years, benefits from annual indexation. The property, which has won a number of architectural awards for its design, has been built to a high standard with excellent sustainability credentials, including on-site renewable energy and an EPC rating of A+. In line with the Company's 'Winning Cities' strategy, the asset is situated in Alkmaar, an established light industrial and distribution location c. 40km north of Amsterdam in the Randstad which is one of the Netherlands' fastest growing regions from a population and manufacturing perspective. Located near to the A9 motorway, it benefits from supply constrained dynamics and excellent arterial connectivity, with direct access to Amsterdam as well as the A1, A2 and A4, providing links to the Netherlands' wider motorway network. Commenting on the acquisition, Jeff O'Dwyer, Fund Manager at Schroder Capital Real Estate commented: "Whilst we continue to be patient in our investment strategy, this was a rare opportunity to acquire a highly sustainable asset with a strong and visible income profile that enhances the Company's sector weighting, average unexpired lease term and credit strength. "We continue to seek ways to further diversify by both number of assets and tenants, as well as increasing our allocation to high growth pockets of the industrial sector via selective acquisitions. As well as increasing the portfolio industrial weighting from 25% to 29%, this investment deploys a portion of the proceeds from the sale of Paris Boulogne Billancourt in 2022 as part of our strategy to improve dividend cover." Read Full Thread Follow Reply
Posted at 23/3/2023 11:26 by speedsgh ANNOUNCEMENT OF NAV AND DIVIDEND - HTTPS://www.londonstockexchange.com/news-article/SERE/announcement-of-nav-and-dividend/15887219 - 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... Read Full Thread Follow Reply
Posted at 07/2/2023 16:01 by mirandaj Bearing in mind the economic outlook, what are the chances of another special dividend this year following the Paris BB development special dividend? They also hope that the dividend cover will be back to 100% by end 2023. From the Chairman’s Statement for year ending 30th September 2023: “Financial results The NAV total return was 7.3% over the year based on an IFRS profit of €13.9 million. Returns were driven primarily by an increase in the valuation of our industrial and DIY investments, together with the German office portfolio. In addition, €1.9 million of the Paris BB development post-tax profit was released following the refurbishment handover during June 2022. There remains approximately €1.2 million of profit from Paris BB; this will flow through the NAV over the remainder of 2022 and 2023. Underlying EPRA earnings were €6.1 million, compared to €6.6 million in 2021. Earnings will further increase with the redeployment of the Paris BB sale proceeds, and the portfolio's indexation. The Company's NAV as at 30 September 2022 decreased by €11.3 million, to €188.2 million, or 140.8 euro cents per share, driven by the payment of €12.8 million in special dividends.” From the end of Jeff O’Dwyer’s comments from the same document: “Outlook The economic outlook remains challenging with the eurozone facing a number of headwinds. The energy crisis, inflationary pressures, increasing interest costs and geopolitical risks are creating a drag on sentiment and recessionary concerns. We are alert to these risks and the combination of a clear strategy, a strong balance sheet, a diversified portfolio in Western Europe with a bias towards the strongest urban conurbations of Berlin, Frankfurt, Hamburg, Stuttgart and Paris provides confidence in navigating such risks. Although values across the portfolio have been resilient to date, expectations are for values to come under pressure as yields adjust for risk. However, we do not expect Continental European property to face the same downward pressure as the UK. Looking forward the expectation is that the favourable rental indexation clauses, rental affordability and management's active and local multi-sector expertise will help mitigate value declines and assist in tenant retention. Total returns over the medium term are going to be led by income and the portfolio's high occupancy, attractive net initial yield (circa 6%) and unexpired lease term (circa 5 years) will underpin the maximising of shareholder returns. Management will continue to be patient in its approach to deployment but expects to return dividend cover back to 100% by the end of 2023. The Company currently has circa €50 million of firepower to deploy (including €25 million of additional debt) and the Manager expects to see an improving pipeline of opportunities over the next six to 12 months that will enable it to further diversify and strengthen its exposure to growth cities, regions and sectors. We will continue to remain patient and any deployment will be assessed in light of economic volatility, balance sheet protection and ensuring the Company remains in a robust position.” Read Full Thread Follow Reply
Posted at 03/2/2023 16:25 by uapatel SERE, doing an investormeetcompany.com on the 8th for those interested. Just a small starter position for me here. Will try and add more when cash available. hTTps://twitter.com/investormeetco/status/1621543897951358981?s=61&t=yq8Sw4JIF6SAb7TSjiPQIw Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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 🙂 Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply

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