Share Name Share Symbol Market Type Share ISIN Share Description
Schroder Real Estate Investment Trust LSE:SREI London Ordinary Share GB00B01HM147 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -2.63% 55.60p 55.40p 55.50p 57.50p 55.00p 57.00p 745,835 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 25.6 33.8 6.5 8.6 288.29

Schroder Real Estate Share Discussion Threads

Showing 501 to 522 of 525 messages
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DateSubjectAuthorDiscuss
13/11/2018
07:26
DIVIDEND ANNOUNCEMENT The company announces an interim dividend of 0.6355 pence per share (‘pps’) for the period 1 July 2018 to 30 September 2018. The dividend payment will be made on 5 December 2018 to shareholders on the register as at 23 November 2018. The ex-dividend date will be 22 November 2018. The dividend of 0.6355 pps will be designated 0.35 pps as an interim property income distribution (‘PID’) and 0.2855 pps as an interim ordinary dividend.
skinny
13/11/2018
07:25
Interim Results HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018 REFINANCINGS, ACQUISITIONS AND ASSET MANAGEMENT DRIVE DIVIDEND UPLIFT Schroder Real Estate Investment Trust, the actively managed UK focussed REIT, today announces its unaudited half year results for the six months ended 30 September 2018. Highlights Completed two debt refinancings that reduced interest from 4.4% to 4.0% and the average loan term to approximately nine years Acquired offices in Edinburgh and Nottingham at a net initial yield of 6.7%, supporting the Company’s strategy to invest in assets with strong fundamentals 5% dividend increase with effect from 1 October 2018 Financial highlights for the six months ended 30 September 2018 Net Asset Value (‘NAV’) of £357.7 million or 69.0 pps, reflecting an increase over the period of 1.2% NAV total return, including dividends paid, of 3.0% (30 September 2017: 4.5%) Profit for the six months of £10.6 million (30 September 2017: £14.5 million), including one-off refinancing costs of £3.1 million incurred during the period Adjusted EPRA earnings of £7.1 million (30 September 2017: £7.5 million) Dividend cover of 107% (30 September 2017: 117%) Loan to value (‘LTV’), net of all cash, of 29.2% (31 March 2018: 25.3%) Property portfolio highlights Sustained outperformance of real estate portfolio with a total return of 4.5% versus the MSCI/IPD Benchmark Index of 3.8% 95% of the portfolio now located in Winning Cities Significant asset management initiatives include the new ten-year lease without breaks with BUPA at a rent of £1.09 million per annum, reflecting an uplift of 14% Letting activity over the period has improved the portfolio void rate to 6.0% (31 March 2018: 7.2%) Reversionary income yield of 7%, compared with the MSCI Benchmark of 5.6%, supporting income growth over the next 12 to 24 months. Commenting, Lorraine Baldry, Chairman of the Board, said: “The UK real estate market has continued to deliver attractive levels of income and total returns despite growing political and economic risk. Looking forward, these risks combined with the late stage in the market cycle means we are more cautious about the outlook and may look to realise some of the capital gains across the portfolio. The Company is well positioned in this environment due to its high quality, diversified portfolio, a high income return, stable balance sheet and potential to enhance income and value from ongoing asset management initiatives.” Duncan Owen, Global Head of Schroder Real Estate, added: “In the face of challenges to the UK real estate market presented by current political and economic uncertainty, we will continue to be active managers adopting a disciplined approach. Our broad pipeline of asset management initiatives provide opportunities to add value throughout the cycle. This activity is a mainstay of the Company’s strategic objectives, the delivery of which is intended to sustainably increase net income. We will also sell assets where good performance can be realised and reinvest in opportunities which will generate higher net income.” -Ends-
skinny
09/10/2018
08:00
Property Tour and Notice of Results Schroder Real Estate Investment Trust, the actively managed UK-focused REIT, will host a property tour for analysts and institutional investors today. The event will include a presentation by the SREIT management team as well as site visits to key assets in Manchester and Leeds. The presentation will be made available on the Company’s website (http://www.srei.co.uk/home). Notice of Results The Company confirms that it will announce its Half Year results for the six months ended 30 September 2018 on Tuesday 13 November 2018. A presentation for analysts and investors will be held on the morning of the results. For details of the meeting, please contact FTI Consulting on the below. -End-
skinny
24/7/2018
12:28
MRF - Incidentally, I like you don't hold here. Not best value as yield only 4% and a 9% discount. Compare that with so many others. Even the ultra conservative HCFT offers a 4.9% yield and 19% discount; whereas RLE, with a moderately higher LTV, offers a 6.25% yield and 21% discount.
skyship
24/7/2018
11:21
SREI's portfolio is 30.1% retail - BUT: "The retail assets in the portfolio are predominantly well-managed retail warehouses and convenience retail let at sustainable rents and which benefit from trends including 'click and collect'. The Company does not own any Shopping Centres." What was the reason for your post; or perhaps just mistaken. No problem.
skyship
09/7/2018
00:02
Schroder RE (SREI) Earnings-Reaction to Keep an Eye http://crweworld.com/Earnings-Calendar
danieldanj
25/5/2018
18:31
The dividend was 97% covered. The EPRA earnings was 2.4p. They quote an adjusted figure which doesn't include £1.5m of expenses related to abortive transaction costs. Operational and admin expenses were some 35% of income. I am sure they can improve this but it would be nice if they were more upfron about such things. Work from the back of the report if you want to find the numbers quickest! Don't take my word for it
jombaston
22/5/2018
18:55
Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care
costax1654x
22/5/2018
17:17
Nice results. Happy to hold and good to see the dividend is well covered.
topvest
22/5/2018
10:52
FULL YEAR RESULTS FOR THE YEAR ENDED 31 MARCH 2018 - HTTPS://www.investegate.co.uk/schroder-real-estate--srei-/rns/year-end-results/201805220700097986O/ Financial highlights for the 12 months ended 31 March 2018 · Net Asset Value ('NAV') total return of 10.5% (31 March 2017: 7.2%). · 6.4% increase in NAV per share for the year to 68.2 pence per share (pps). · EPRA earnings, adjusted for abortive transaction costs, of £14.1 million (31 March 2017: £13.8 million) which reflects a dividend cover of 109%. · Profit for the year increased 48% to £33.8 million (31 March 2017: £22.8 million). · Low Debt with Loan to value ('LTV') of 25.3% on a long-term debt (31 March 2017: 26.0%). Operational highlights · Sustained outperformance of real estate portfolio with a total return of 11.8% versus the MSCI/IPD Benchmark Index of 10.7% resulting in annualised outperformance of 1.0% over the past 12 months, 2.3% over 3 years and 1.4% since IPO in July 2004. · Portfolio supported by strong fundamentals with 93% of the portfolio located in Winning Cities. · Positive weighting to office and industrial sectors of 64%, and no City of London or Shopping Centres. · Reversionary income yield of 7.0%, compared with the MSCI Benchmark of 5.7%, should lead to stronger income growth over the next 12-24 months. · Identified programme of asset management initiatives of approximately £10 million of capital expenditure initiatives over the next 12 months to generate attractive income returns. · Over the course of the financial year sales were completed at a premium to their valuations, and the Company is seeking opportunities to reinvest. Commenting, Lorraine Baldry, Chairman of the Board, said: "The Winning Cities strategy executed over the past few years has increased the Company's exposure to higher growth sectors and regions where we expect more sustainable occupational demand. This reflects our long term focus on generating outperformance of the underlying real estate portfolio. In a more uncertain environment we expect the Company to benefit from the quality and diversification of the underlying portfolio, balance sheet strength and dividend coverage. Looking forward, we will continue to consider opportunities to enhance shareholder returns through disciplined growth. The delivery of the above will enable a sustainable dividend increase in the near term." Duncan Owen, Global Head of Schroder Real Estate, added: "The Company has consistently focused on fundamentals and its total return by growing net income. In the current environment this will be important. The underlying real estate portfolio has now outperformed its Benchmark over the long term by 1.4% per annum since its IPO in 2004. Identifying new acquisitions, reducing the cost of our debt and reviewing the potential to grow the Company if it enhances shareholder returns are key next steps."
speedsgh
07/2/2018
07:07
A fairly sizeable discount. ANNOUNCEMENT OF NAV AND DIVIDEND FOR QUARTER TO 31 DECEMBER 2017 Schroder Real Estate Investment Trust (the ‘Company’;), the actively managed UK-focused REIT, announces its net asset value ('NAV') and dividend for the quarter to 31 December 2017. Net Asset Value The unaudited NAV as at 31 December 2017 was £345.5 million or 66.6 pence per share ('pps'). This reflects an increase of 1.4% per share compared with the NAV as at 30 September 2017, or a NAV total return, including the dividend of 0.62 pps, of 2.3%. more.....
skinny
01/6/2017
22:37
Who are you with? I'm with AJ Bell
noiseboy
01/6/2017
11:01
I have 2 payments.
skinny
01/6/2017
10:56
Has anyone else only received half the dividend? It's usually in 2 parts
noiseboy
04/4/2017
19:00
For release 28 March 2017 Schroder Real Estate Investment Trust Limited DISPOSAL OF ST. AUGUSTINE'S COURTYARD IN BRISTOL Schroder Real Estate Investment Trust (the "Company"), the actively managed UK-focused REIT, announces that it has exchanged unconditional contracts to sell St. Augustine's Courtyard in Bristol to the University of Bristol for GBP 11.75 million. The sale price compares with the independent valuation as at 31 December 2016 of GBP7.2 million and completion is due on 7 April 2017. St. Augustine's Courtyard is a vacant 31,785 sq ft city centre office property that has just undergone a major refurbishment. The plan was to let the property. The disposal to the University of Bristol, who are acquiring for their own occupation, enables the Company to crystallise significant performance following refurbishment without taking any letting risk. The disposal also reduces the portfolio void rate, with the property representing 2% of the total void as at 31 December 2016, calculated as a percentage of rental value. Following completion the portfolio void rate will reduce to approximately 6%. The Company is considering a number of initiatives which should lead to successful redeployment of the disposal proceeds but will continue to take a disciplined approach.
novision
28/2/2017
14:19
Really taking off, breaking out of the 60 range by the looks
tintin82
30/1/2017
15:15
Net Asset Value(s) Released 07:00 30-Jan-2017. For release 30 January 2017 Schroder Real Estate Investment Trust Limited ANNOUNCEMENT OF NAV AND DIVIDEND FOR QUARTER TO 31 DECEMBER 2016 Schroder Real Estate Investment Trust (the ‘Company’;), the actively managed UK-focused REIT, announces its net asset value (‘NAV’) and dividend for the quarter to 31 December 2016. Net Asset Value The unaudited NAV as at 31 December 2016 was £320.3 million or 61.8 pence per share ('pps'). This reflects an increase of 1.1% per share compared with the NAV as at 30 September 2016, or a NAV total return, including the dividend of 0.62 pps, of 2.2%. A breakdown is set out below: more.....
skinny
16/11/2016
07:10
Interim Results SREIT DELIVERS SOLID PERFORMANCE FROM STRONGLY POSITIONED PORTFOLIO Schroder Real Estate Investment Trust, the actively managed UK focussed REIT, today announces its half year results for the six month period ending 30 September 2016. Financial highlights · Net Asset Value ('NAV') of £316.8 million or 61.1 pps compared with £322.6 million or 62.2 pps in March 2016 · Increased capital expenditure of £5.5 million (six months to 30 September 2015: £1.1 million) that should deliver higher future returns and improve the portfolio's defensive characteristics · Sustainable dividend cover of 106%, based on the two dividends of 0.62 pps over the period · 10% increase in underlying EPRA earnings per share to 1.3p (six months to 30 September 2015: 1.2p) · Strong relative outperformance of the underlying portfolio with a total return over the period of +1.8% compared with -1.1% for the MSCI Benchmark Index, placing the portfolio on the 9th percentile · Underlying portfolio has outperformed the Benchmark Index over six months, one year, three years, ten years and since IPO in 2004 · Loan to value ('LTV'), net of all cash, remains stable at 30.0%, within the long term target range of 25% to 35% Operational highlights · The Company continues to deliver on its stated strategy and the successful repositioning of its portfolio is well underway with 91% now located in 'winning cities and towns' ranked in the first and second quartiles for projected UK GDP growth (Source: Oxford Economics) · Disposal of five smaller, non-core secondary retail assets, during the period and since the period end, totalling £13.7 million, reflecting an average net initial yield of 3.9% and a 2.2% premium to valuation at start of period · Refurbishment of vacant assets in Bristol and Cardiff near complete, leading to a portfolio rental value of £34.1 million per annum, reflecting a reversionary yield of 7.6%, compared to the Benchmark at 6.1% · 35 letting transactions during period and since the period end, including 23 completing post-Brexit more.....
skinny
19/10/2016
12:32
Schroder Real Estate Investment Trust Limited will announce half year results for the six months ended 30 September 2016 on Wednesday 16 November 2016.
skinny
10/7/2016
17:56
US buyer prepares to spend £1bn on cut price UK property https://next.ft.com/content/2d05bd84-452c-11e6-9b66-0712b3873ae1 'The plan by New York-based Madison International Realty is an early sign of how opportunistic investors might seek to take advantage of any downturn in the market triggered by the UK’s vote to leave the EU.'
tintin82
05/7/2016
10:29
SREI is a REIT, the dividend will never be significantly over covered. Their debt is cheap, tenants solid and lease lengths respectable. Short of full economic meltdown these are a bargain. However given the current chaos amongst those who rule such meltdown cannot be ruled out. Yipee !
colonel a
05/7/2016
07:27
OK so at a heady 63p alleged NAV they were claiming 30% LTV. Critically the existing dividend was only just covered.Although it seems the nav may well have to be halved there solvency should not remain an issue.However trimming the dividend by around 50% looks very possible medium term.
my retirement fund
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P:43 V: D:20181115 23:03:26