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
  +0.00p +0.00% 62.70p 62.30p 62.70p 62.80p 62.30p 62.80p 338,797 16:26:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 25.6 33.8 6.5 9.6 325.11

Schroder Real Estate Share Discussion Threads

Showing 451 to 475 of 525 messages
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DateSubjectAuthorDiscuss
27/11/2014
12:20
Well the general yield is ever falling, quality bonds with reasonable yield are in short supply. If you want yield increasingly you'll need to turn to equities imo. It does look like the stock markets have some way to go yet in the next few years.
envirovision
27/11/2014
12:13
I think one of the real changes in this property cycle is that London real estate has become an asset class for the ultra wealthy, and not just institutional investors. Plenty of wealthy Arabs are quite happy to put £100m into the London commercial property market and also lots of retail investors are desperate for yield and see property as a safer bet than shares or bonds (which I think is historically a new phenomena). I suspect that, unless the market has a major correction, property will continue to be more attractive than bonds or shares for some time yet.
mad foetus
27/11/2014
11:56
I suppose the irrational exuberance could have somewhat further to go as witnessed in the recent placing.
envirovision
27/11/2014
11:53
Interesting read, although this is research nearly 2 years old. Note in the final the conclusion: Irrational exuberance on the part of both, hmmmm
envirovision
27/11/2014
11:49
I'm amazed that anyone could think we are near the top of the commercial property price cycle. As usual the information is freely available on the Internet. hxxp://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2013/qb130105.pdf
redsonning
27/11/2014
11:14
Its just one crazed shopping spree isn't it, right at the top of the market as well probably ! but shareholders love it.
envirovision
20/11/2014
14:56
Result of Placing The Directors have exercised the right, in consultation with Numis and J.P. Morgan Cazenove, to increase the number of New Shares offered pursuant to the Placing to 47.0 million New Shares. A total of 47,000,000ordinary shares (the "New Shares") have therefore been placed, subject to Admission, by J.P. Morgan Cazenove ("JPMC") and Numis Securities Limited ("Numis") at a price of 57.50p per share, raising gross proceeds of approximately £27.0 million. The New Shares represent approximately 10.0% of the issued ordinary share capital of the Company prior to the Placing.
skinny
19/11/2014
08:27
Doh!! Ok, cheers, thought it was another subscription offer like April.
irnbru2
19/11/2014
07:23
IrnBru2 - we are not (well certainly not me) invited to the party - it is a placing only. "Participation in the Placing will be available only to persons falling within Articles 49(2)(a) to (d) or 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005. Such persons are invited to apply for New Shares by contacting their usual contact at Numis and J.P. Morgan Cazenove. " ACQUISITION OF RETAIL WAREHOUSE The Company announces that it has acquired a retail warehouse in Bletchley, Milton Keynes for £9.9 million, reflecting a net initial yield of 6.5%. The property is let to Matalan Limited for a further 6.5 years at a rent of £675,800 per annum. The property comprises a freehold, 51,488 sq ft, retail warehouse in a prominent position on the south side of Milton Keynes adjacent to the junction of Watling Street and the A5 dual carriageway. The property adjoins a Tesco superstore and is a short distance from complementary retail warehouse occupiers including IKEA and retail parks such as Beacon Retail Park. The property has a flexible planning consent permitting all retail uses except for food and has a site density of 35% with potential for future intensification of use. The rent paid by Matalan equates to £13.14 per sq ft which compares to the rent at Beacon Retail Park of approximately £20 per sq ft. Matalan have sublet 8,500 sq ft of the property to Carpetright Plc at a rent equating to £16.25 per sq ft. Following completion of the acquisition the Company has cash, after adjusting for transaction costs and this quarter's dividend payment, of £15.6 million. This results in a net loan-to-value, based on the independent valuation as at 30 September 2014, and prior to any equity raised under the proposed placing announced on 17 November, of approximately 31%.
skinny
18/11/2014
17:50
Are you guys taking up the shares. I did the last time, has worked out well.
irnbru2
18/11/2014
13:18
Sorry Envirovision - my comment was slightly tongue in cheek. I agree with you entirely - particularly the timing. These are in the 'not too stressful' part of my SIPP and I'll continue to hold for now. Net Asset Value - a near 10% premium.
skinny
18/11/2014
12:52
The falls inevitable really as its more dilution. edit all above nav as well, where is the value?
envirovision
18/11/2014
12:48
In general, dare I say they raised money and watered down holders to maintain LT in the bad times when they should have been buying, then they raised money to buy in the good times and cut the divi, all backwards really. Ideally you buy in the bad times for yield and capital gain in the good times, they've done it all back to front! eg they like a bit of sell low, buy high don't they, rather than the buy low sell high.
envirovision
18/11/2014
12:11
With the near 3% price fall?
skinny
18/11/2014
12:05
Are you impressed skinny?
envirovision
17/11/2014
07:05
Proposed placing The Board of Schroder Real Estate Investment Trust Limited (the 'Company'), today announces a proposal to issue up to 43.5 million New Shares at 57.5 pence per New Share to raise gross proceeds of up to approximately £25 million by way of a placing (the 'Placing') pursuant to the terms and conditions of the Placing Programme established under the prospectus issued by the Company dated 20 March 2014 (as amended).
skinny
17/11/2014
07:04
Half Yearly Report Financial highlights for the six months ended 30 September 2014 · Profit before tax of £36 million (six months to 30 September 2013: £4.2m) · Earnings per share of 7.7p (six months to 30 September 2013: 1.2p) · 13.4% increase in Net Asset Value ('NAV') per share to 55.1p (31 March 2014: 48.6p) · Fully covered dividend of 1.24 pence per share declared for the six months to 30 September 2014 · NAV total return 16.2% (six months to 30 September 2013: 4.1%) · Underlying property portfolio delivered total return of 12.7%, outperforming the Investment Property Databank ('IPD') Benchmark Index of 9.2% · Loan to value ('LTV'), net of cash, of 26.8% Operational highlights · Disciplined growth strategy has made a positive contribution to shareholder total returns resulting in a fully covered dividend, a further reduction in leverage and improved economies of scale · £40.2 million of new equity raised through placing programme in April 2014 has been invested into three attractive acquisitions totalling £43.7 million at an average initial yield of 7.2% · Disposal of three assets at Olympic Office Centre in Wembley resulted in a realised gain after disposals costs of £15.1 million or 3.2 pps · Further non-income producing disposals on track including Reynards Trading Estate, Brentford for a base price of £20 million, following receipt of planning, and Coventry Road, Hinckley for £4.525 million, providing further opportunities to recycle capital into accretive investments
skinny
05/11/2014
07:33
Interim Management Statement Net Asset Value Schroder Real Estate Investment Trust Limited announces an unaudited net asset value ('NAV') of £260 million or 55.1 pence per share ('pps') as at 30 September 2014. This reflects an increase of 8.7% per share compared with the NAV as at 30 June 2014, or a NAV total return, including the dividend of 0.62 pps, of 10%.
skinny
29/10/2014
16:35
New high today @58.75p
skinny
25/10/2014
12:22
Held up well in the recent market melt but cant help thinking its now over valued in the face of deflation/stagnation
envirovision
29/9/2014
09:04
Schroder Real Estate Investment Trust Limited will announce half year results for the six months ended 30 September 2014 on Monday 17 November 2014.
skinny
16/9/2014
20:55
Another very positive RNS today. Excellent!
topvest
16/9/2014
07:49
Disposal of Olympic Office Centre, Wembley The Company announces that it has exchanged unconditional contracts with Network Stadium Housing Association Limited (`Network') to dispose of the Olympic Office Centre in Wembley for £15.4 million, reflecting a net initial yield of 6.7%. The price compares to the independent valuation as at 30 June 2014 of £10.75 million. Network, a tenant in the building, has paid a 10% deposit and completion is due on 19 December 2014 to coincide with expiry of its lease. The Company will continue to receive Network's rent equating to £514,000 per annum during the period between exchange and completion. Network is a leading provider of affordable housing to Brent Council and intends to pursue a mixed use office and residential redevelopment scheme on the site.
skinny
10/9/2014
20:56
Good news again. There are certainly some hidden value in their portfolio which Schroders have done a very good job exploiting.
topvest
10/9/2014
14:30
The uptrend is actually continuing "big time". Edit (re 428).
asmodeus
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