Schroder Real Estate Inv... Share Discussion Threads

[skinny] 24/10/2012 08:04

Schroder Real Estate Investment Trust Limited announces an unaudited net asset value ('NAV') of £172.1 million or 48.3 pence per share ('pps') as at 30 September 2012. This reflects a decrease of 1.7% compared with the NAV as at 30 June 2012 of £175 million. A breakdown of the quarterly movement is set out below: (see link above)

The Company announces an interim dividend of 0.88 pps for the period 1 July 2012 to 30 September 2012. The dividend payment will be made on 16 November 2012 to shareholders on the register on 2 November 2012. The ex-dividend date will be 31 October 2012.

[billy5] 15/10/2012 12:26

It will go ex 31/10 or 1/11, with pay date mid Nov.

That's handy.

[billy5] 15/10/2012 12:09

langland
Thanks for the info but I don't think you have looked at it.

The last ex date is shown as 1/8/12. When is the next one?

Last year it went ex on 22/10/11. I think it will be 1/11/12.

Awaiting a call from SREI, will confirm once I hear.

Thanks again.

PS Yes payday would then be about mid Nov.

[langland] 15/10/2012 11:50

Everyone,

If you click on 'financials' at the top of this page between 'news' and 'toplists' and scroll down nearly till the bottom of the page you will see the dividend paying history. This would suggest next pay day is around mid Nov.

[colonel a] 15/10/2012 11:45

Billy5,
I think those dates are the quarter ends that the dividends relate to.
The XD date is a Wednesday and SREI seem to pay two weeks after the record day {the Friday after the XD date} but on at least one occasion they have paid three weeks after the record day.
So you should qualify for the next payment by about 3 {pss 4} weks.

[billy5] 15/10/2012 11:32

Thanks for the feedback.

I phoned the Company and the ex dates are quarterly, 31/3, 30/6, 30/9 and 31/12.

I bought yesterday thinking that I would qualify on 22/10/12, as per last year.

Should have checked properly, nevermind roll on 31/12.

[eeza] 15/10/2012 11:06

As the 3 XD's this year have been 1st or 2nd of month it seems logical that the 4th XD will also be at the start of Nov.

[jonwig] 15/10/2012 10:57

Sorry - my oversight ... LOL, I should be more careful with my money.

[colonel a] 15/10/2012 10:48

I hope he has.
I'm looking for the very welcome quarterly 0.88p per.
Looking at the records XD on Nov 7th with payment on 23rd or 30th would be favorite.
Although I have not seen this in any statement yet.

[alanji] 15/10/2012 10:47

You can find dates here:


SREI not yet showing for Nov div

[eeza] 15/10/2012 10:38

No - paid quarterly.
These are the dates I have.

XD Pay
01/02/12 17/02/22
02/05/12 18/05/12
01/08/12 17/08/12

03/11/12 19/11/12

[jonwig] 15/10/2012 10:02

billy - have you got the right company? They pay (and go ex) in May and August.

[billy5] 15/10/2012 09:40

Could anybody let me know when the interim dividend is due, in 2011 it seems that they went ex on 22/10/11 with pay day 25/11/11.

Can't find info for this year.

Thanks.

[skinny] 02/10/2012 07:17

Following the announcement on 1 October 2012 of the successful completion of three disposals totalling £20 million at a blended yield of 5.3%, the Company has served notice to repay a further £17 million of debt on 15 October 2012, the next interest payment date.

As a condition of the loan repayment, the Company will also break a pro-rata proportion of its interest rate swaps, crystallising an estimated break cost of £2.6 million and reducing the total negative mark-to-market value of the Company's interest rate swaps to approximately -£20.6 million.

Repaying the debt will further reduce the Company's securitised loan from £151.5 million to £134.5 million and reduce the Company's annual loan interest cost by approximately £1 million, from £8.7 million to £7.7 million.

Following this debt repayment and related swap break costs the Company will have total cash of approximately £25.6 million, of which approximately £14.3 million remains outside the security pool. Based upon the latest independent property valuation as at 30 June 2012, the Company's net loan-to-value following the debt repayment will be approximately 36%.

The repayment of the debt is a continuation of the Company's strategy to reduce the overall quantum of borrowings. The repayment allows sufficient operational flexibility for the Company to invest further cash in the existing portfolio to ensure it continues to benefit from asset management activities.

[cwa1] 02/10/2012 07:16

Debt repayment:-

[skinny] 01/10/2012 07:06

Schroder Real Estate Investment Trust Limited (the 'Company') today announces that it has simultaneously exchanged and completed the disposal of The Gate Centre in Brentford and Kingsland Trading Estate in Bristol for a combined price of £16.77 million. The sale price compares to a value as at 30 June 2012 of £16 million, reflecting a premium to valuation of £0.77 million or 4.8%.

[alanji] 13/9/2012 11:37

Thank you to anyone who generously donated to Marie Curie - details in my original post (link below). The total to date is over £1200 and I know a few more cheques are in the post. This compares with the average of £2-300 so, a fitting tribute. Donations are still being accepted should anyone still like to contribute (details in original post). All contributions will be used to fund the provision of end of life nursing care for patients in their own homes. When arrangements were being made to get Lisa home there was only one nurse available. Two are required and had I not agreed to act as the second 'nurse' she would have died in hospital, so it is certain that any funds raised will help someone else fullfill their wish of being in familiar surroundings with people they love, in their last hours, days or weeks.

Thank you also for the kind messages, both publicly and privately.

[elmfield] 12/9/2012 18:31

May yet pay you back!
Aped hanging around but I liked the dividend !

[skyship] 12/9/2012 18:09

hmm - sometimes wish I didn't turn over so fast!!

I've cracked the "Cut your losses" rule; but still not yet won over the "Run your Profits" rule...

Elm - credit is yours, you pressed the buy button - I merely flagged up an opportunity...

[elmfield] 12/9/2012 09:34

Well sky, you put me On to these so credit is due to you!
I don't turn over holdings much in Isa so happy to hold if yield is good.
going to take a long time to recoup losses on one of my non value holdings so happy to plod along,all I aim to do is beat the market with a higher yield at the same time!
Lms has no yield so these help to balance returns.

[elmfield] 11/9/2012 20:59

Wish I had it!

[badtime] 11/9/2012 17:57

Ah hindsight sky..what's the ticker for tht one

[skyship] 11/9/2012 17:24

Well done the two of you....I should never have sold back @ 36.25p, but wanted more cash for NRI & RECP. What I've missed on the one I've made on the others, but should have sold something else perhaps!!!

[lord gnome] 11/9/2012 17:09

Highest price since 2010. Can't complain about that and the divi still keeps coming. Super yield. I have no plans to sell.

[elmfield] 11/9/2012 15:57

It just does not want to drop!
Prob worth adding, strange as it may sound!