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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Schroder Real Estate Investment Trust Limited | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.10 | -2.56% | 41.90 | 41.85 | 42.80 | 43.00 | 41.20 | 43.00 | 2,062,844 | 15:37:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 25.23M | -54.72M | -0.1114 | -3.76 | 205.76M |
Date | Subject | Author | Discuss |
---|---|---|---|
21/6/2016 14:45 | Seem to be on something of a downer. Results seem OK. Now quite a conservative approach, with plenty of demand for income can't see why the big discount ? | colonel a | |
11/9/2015 06:12 | Good news indeed, moving along nicely. | tintin82 | |
27/7/2015 12:53 | Have a read of the two announcements from 17th July - | skinny | |
27/7/2015 12:50 | according to my broker, no. we will still receive the same amount of dividend as before. | danny500 | |
27/7/2015 11:50 | Does the average small investor like me need to fill in the REIT form for dividends?I didn't quite understand! | noiseboy | |
21/7/2015 20:57 | On the contrary, it's the relatively higher voids here which make give SREI a somewhat more interesting upside than quite a few of it's peers. No need for impatience.... | redsonning | |
21/7/2015 18:32 | long term holder here but find it very disappointing that we still have a void rate in excess of 9% , after all were supposed to be in a buoyant market. does anyone know where and what these properties are? if it helps i'd like to offer the management my services, buckshee of course, and help let this nearly one tenth of the portfolio. I wouldn't mind a 10% uplift in the divi like my picton holding. | danny500 | |
20/7/2015 06:07 | Financial highlights for the 12 months ended 31 March 2015 · Profit before tax more than doubled to £54.8 million (31 March 2014: £20.9 million) · Earnings of 11.3 pence per share ('pps') (31 March 2014: 5.7 pps) · 18.7% increase in NAV per share for the year 31 March 2015 to 57.7 pps, principally due to a 13.2% increase in the capital value of the underlying portfolio · Dividend of 2.48 pps paid for the 12 months to 31 March 2015 · Strong NAV total return 24.4% (31 March 2014: 14.4%) · Outperformance of underlying property portfolio delivered total return of 20.8%, versus Investment Property Databank ('IPD') Benchmark Index of 17.1% · Loan to value ('LTV'), net of all cash, of 22.4% (31 March 2014: 37.8%) Unaudited NAV as at 30 June 2015 · As announced separately today, the Company reported a NAV of 59.1 pps as at 30 June 2015, representing a quarterly increase of 2.4%, principally due to an increase in value of larger assets acquired as part of the growth strategy · Recent acquisition of St. John's Retail Park in Bedford made a positive contribution, increasing in value to £34.1 million compared with the gross acquisition price of £32.2 million Operational highlights · Successful conversion to Real Estate Investment Trust ('REIT') status since the year-end, reducing the overall burden of UK taxation and increasing net income and overall profitability, with the potential to attract a wider investor base · £67.2 million of new equity raised through the placing programme during the year to 31 March 2015 together with disposal proceeds have been invested into seven acquisitions totalling £124.5 million at an average initial yield of 6.1% · Disposal of ten assets (including one unconditionally exchanged) totalling £73.8 million reflecting premium compared with the valuation as at 31 March 2014 of £22 million or 42% · Successful implementation of the growth strategy has made a positive contribution to shareholder total returns resulting in a fully covered dividend, lower leverage and improved economies of scale · High level of asset management activity with a reduction in the portfolio void rate as a percentage of rental value from 11.7% as at 31 March 2014 to 9.2% as at 30 June 2015 | skinny | |
08/6/2015 15:10 | 54p is my entry point, though with present momentum could go lower | my retirement fund | |
18/5/2015 06:04 | The Company announces that it has acquired the freehold interest in St.John's Retail Park in Bedfordfor £31.8million reflecting a net initial yield of approximately 6.5%. The property is well located approximately 1.5 milesto the south of Bedford town centre and comprises a130,000 sq ft retail warehouse park let to 12 tenants with an adjoining 11,600 sq ft office building. More.... | skinny | |
07/5/2015 20:07 | Falling nicely another 10% and it may get interesting | my retirement fund | |
29/4/2015 06:13 | Net Asset Value The Company delivered an unaudited net asset value ('NAV') of £299.2 million or 57.7 pence per share ('pps') as at 31 March 2015. This reflects an increase of 2.9% per share compared with the NAV as at 31 December 2014, or a NAV total return, including the dividend of 0.62 pps, of 4%. The NAV total return over the 12 months to 31 March 2015 was 24.4%. A breakdown of the NAV movement over the quarter is set out below: Dividend payment The Company announces an interim dividend of 0.62 pps for the period 1 January 2015 to 31 March 2015. The dividend payment will be made on 28 May 2015 to shareholders on the register as at 8 May 2015. The ex-dividend date will be 7 May 2015. Following shareholder approval to the REIT conversion proposal the Company expects to enter the UK REIT regime on or around 1 May. The aforementioned dividend for the period from 1 January 2015 to 31 March 2015 will be paid in the normal way and will be paid free of any withholding tax. more.... | skinny | |
31/3/2015 10:38 | Having read the link again it looks like the same level of div will be maintained as it is already 90%+ of the relevant profit definition. So just a bit of tax saving. | novision | |
31/3/2015 10:32 | I've probably got this wrong, but if a UK REIT must payout 90% of profit and the current div pay out is only 40% ish, does this mean divs would rise? (allbeit with less cover)or is this just about the tax bill? | novision | |
31/3/2015 06:02 | Schroder Real Estate Investment Trust Limited (the "Company") has today published a circular (the "Circular") to shareholders setting out proposals to become resident in the United Kingdom for tax purposes, to apply for entry to the REIT Regime, to adopt New Articles and setting out a Notice of Extraordinary General Meeting. more.... | skinny | |
16/2/2015 11:22 | For release 12 February 2015 Schroder Real Estate Investment Trust Limited (the `Company'/ `Group') Completion of non-income producing disposals The Company announces that it has completed on the disposal of Reynards Trading Estate in Brentford to Notting Hill Home Ownership (`NHHO') for GBP20.18 million which compares with the independent valuation as at 31 December 2014 of GBP18 million. In a separate transaction, the Company has completed the disposal of its site at Coventry Road, Hinckley to Redrow Homes Limited for GBP4.525 million. The price is in line with an independent valuation as at 31 December 2014.The transaction is structured so that the Company has received an initial payment of GBP2.26 million with the balance to be received in nine months without condition. Both properties are non-income producing and proceeds will be reinvested into income producing investments in line with the Company's strategy. | johnroger | |
28/1/2015 07:06 | Schroder Real Estate Investment Trust Limited announces an unaudited net asset value ('NAV') of £290.7 million or 56.1 pence per share ('pps') as at 31 December 2014. This reflects an increase of 1.8% per share compared with the NAV as at 30 September 2014, or a NAV total return, including the dividend of 0.62 pps, of 3%.The NAV total return over the 12 months to 31 December 2014 was 24.5% Dividend payment The Company announces an interim dividend of 0.62 pps for the period 1 October 2014 to 31 December 2014. Following the issuance of 47 million shares on 20 November 2014 the quarterly dividend payment increases from £2.9 million to £ 3.2 million. The dividend payment will be made on 27 February 2015 to shareholders on the register as at 6 February 2015. The ex-dividend date will be 5 February 2015. Over the quarter to 31December 2014 dividend cover was101% excluding exceptional items and non-recurring expenses. | skinny |
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