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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Schroder Real Estate Investment Trust Limited | SREI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.60 | 1.18% | 51.60 | 16:35:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 51.20 | 51.20 | 51.40 | 51.60 | 51.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/11/2024 | Interim | GBP | 0.00879 | 05/12/2024 | 06/12/2024 | 20/12/2024 |
| 31/07/2024 | Interim | GBP | 0.00853 | 08/08/2024 | 09/08/2024 | 30/08/2024 |
| 06/06/2024 | Interim | GBP | 0.00853 | 13/06/2024 | 14/06/2024 | 28/06/2024 |
| 27/02/2024 | Interim | GBP | 0.00836 | 07/03/2024 | 08/03/2024 | 28/03/2024 |
| 21/11/2023 | Interim | GBP | 0.00836 | 30/11/2023 | 01/12/2023 | 22/12/2023 |
| 27/07/2023 | Interim | GBP | 0.00836 | 03/08/2023 | 04/08/2023 | 25/08/2023 |
| 08/06/2023 | Interim | GBP | 0.00836 | 15/06/2023 | 16/06/2023 | 30/06/2023 |
| 03/02/2023 | Interim | GBP | 0.00819 | 16/02/2023 | 17/02/2023 | 07/03/2023 |
| 16/11/2022 | Interim | GBP | 0.00803 | 24/11/2022 | 25/11/2022 | 09/12/2022 |
| 27/07/2022 | Interim | GBP | 0.00803 | 04/08/2022 | 05/08/2022 | 19/08/2022 |
| 07/06/2022 | Interim | GBP | 0.00795 | 16/06/2022 | 17/06/2022 | 30/06/2022 |
| 01/03/2022 | Interim | GBP | 0.00772 | 10/03/2022 | 11/03/2022 | 25/03/2022 |
| 23/11/2021 | Interim | GBP | 0.00726 | 02/12/2021 | 03/12/2021 | 17/12/2021 |
| 19/07/2021 | Interim | GBP | 0.00675 | 29/07/2021 | 30/07/2021 | 13/08/2021 |
| 02/06/2021 | Interim | GBP | 0.00656 | 10/06/2021 | 11/06/2021 | 25/06/2021 |
| 15/02/2021 | Interim | GBP | 0.00625 | 25/02/2021 | 26/02/2021 | 12/03/2021 |
| 17/11/2020 | Interim | GBP | 0.00575 | 26/11/2020 | 27/11/2020 | 11/12/2020 |
| 20/07/2020 | Interim | GBP | 0.003858 | 30/07/2020 | 31/07/2020 | 14/08/2020 |
| 17/02/2020 | Interim | GBP | 0.007715 | 27/02/2020 | 28/02/2020 | 13/03/2020 |
| Top Posts |
|---|
Posted at 26/11/2024 11:46 by speedsgh Some very interesting info in the full Interim Results including asset management updates on several core properties - ~ H1 NAV total return 4.0% ~ H1 dividends totalling 1.706p, covered 102% by earnings ~ 3% increase in quarterly dividend to 0.879p ~ Long debt maturity profile (9.1yrs) with low average interest cost (3.5%) ~ 89% of debt either fixed or hedged against movements in interest rates ~ "Most of our debt comprises a long-term loan which is the longest dated, lowest cost, debt in the peer group, with a positive fair value not reflected in the Company’s NAV" ~ "The Company intends to partly repay its more expensive revolving credit facility through planned disposals, including a small sale completing post period end, with the objective to bring the net loan to value in line with our long-term target range of 25% to 35%." ~ New shareholders attracted to register, including 24% rise in retail platform shareholders (Hargreaves Lansdown, Interactive Investor and AJ Bell). ~ Size is not everything - "whilst the Company is small compared with the wider REIT universe, this does allow for a forensic concentration on asset management which has been a key driver of the attractive dividend yield premium over the sector average, with significant earnings growth potential." |
Posted at 26/11/2024 09:40 by giltedge1 NAV increase, dividend increase, rent increase all positive. NAV 59p Conservative excludes gain on loan & reversionary yield 8.5% seems too high by valuer. Good to see one refurbished Swindon unit let, vacancy drops to 8% after period ending lettings. A solid hold at 7% & rising yield. |
Posted at 26/11/2024 07:02 by skinny High income return and sector leading debt profile underpins earnings growth, a fully covered and growing dividend, and a 4.0% NAV total return- Net asset value ('NAV') increased by 1.0% to £290.7 million or 59.4 pps (31 March 2024: £287.4 million, or 58.8 pps), driven by ERV growth of 1.7%, with yields stabilising - Dividends paid in the period totalling £8.3 million, or 1.71 pps (30 September 2023: £8.2 million, or 1.67 pps), 102% covered by EPRA earnings - Positive NAV total return of 4.0% (30 September 2023: 1.1%) - Long debt maturity profile of 9.1 years and a low average interest cost of 3.5%, with 89% of debt either fixed or hedged against movements in interest rates - Further 3% increase in the quarterly dividend to 0.879 pps for the quarter ended 30 September 2024, to be paid in December 2024 Active management and increased allocation to higher growth sectors delivering continued rental growth and sustained long term outperformance against the MSCI Benchmark - Long-term outperformance of the underlying portfolio recognised in the 'MSCI UK and European Property Investment Awards 2023', winning the 'Highest 10-year risk adjusted relative return' for all UK and Continental European funds, with a total return of 8.45% per annum to 31 December 2023 - Attractive underlying portfolio yield profile, with a net initial yield of 6.1% (MSCI Benchmark: 5.1%) and a reversionary yield of 8.5% (MSCI Benchmark: 6.1%) (31 March 2024: 8.4%) - Like-for-like and net of capex the portfolio valuation increased by 0.9% to £465.5 million (31 March 2024: £459.3 million) - 45 new lettings, rent reviews and renewals across 476,000 sq. ft completed since the start of the period, totalling £4.8 million in annualised rental income - Six-month total return from the underlying portfolio of 3.8% (MSCI Benchmark: 2.6%), largely driven by a higher income return of 2.9% (MSCI Benchmark: 2.4%) - Post period end, completed £1.475 million disposal of non-core office asset in Bedford, 23% ahead of 30 September 2024 book value Progressed sustainability strategy, which underpins our active management - Further progress delivering on the Company's sustainability and Net Zero Carbon ('NZC') commitments, with four asset-level NZC audits completed - Retained Gold award for reporting under the EPRA Sustainability Best Practice Recommendations, for the seventh year running - Maintained the Company's Global Real Estate Sustainability Benchmark ('GRESB') score of 79 out of 100, placing second amongst a peer group comprising seven UK diversified listed REITs (2023: first of six) Alastair Hughes, Chair of the Board, commented: "We have witnessed some yield compression for the first time since June 2022 and, perhaps more importantly, tenant demand outstripping available supply in several sectors driving rental growth and overall returns. This favourable momentum combined with our quality portfolio, strategic asset management, cost discipline and our low cost of debt should provide the opportunity for sustained and growing income." |
Posted at 22/11/2024 10:59 by shieldbug SREI has become one of my largest holdings. Started buying during ridiculously cheap times of Covid and continued into the 50p+ range. Average prices under 40p not including divis that keep coming. Not selling any. |
Posted at 22/11/2024 10:01 by perfect choice Yep, invested and taking divi as part of my income portfolio, will try to listen to that presentation if I am available at the time. Booked anyway so can also watch recording later. |
Posted at 22/11/2024 08:39 by dope007 Yes, just happy having them in my isa paying a regular dividend |
Posted at 12/10/2024 17:55 by nickrl SREI merger with CREI or PCTN would be good fit but unlikely although SREI board more likely to sell out than the others. |
Posted at 12/10/2024 14:48 by jbarcroftr SREI has finance fixed for the next six or so yearsAs it is subscale I think their will be corporate action sooner rather than later In the meantime I just collect the dividends SERE although very different assets is also subscale and I hold with the same reasoning |
Posted at 08/8/2024 11:34 by rongetsrich A basic noddy question.Is the dividend paid after tax has been taken? I'm keen to get this in an account so that AO can draw the dividend, but if they've already taxed the dividend then it makes sense to have it in a SIPP where the SIPP provider will reclaim the tax for me. |
Posted at 31/7/2024 06:02 by skinny Income focus driving NAV growth and fully covered dividend, with leasing pipeline to capture portfolio reversionSchroder Real Estate Investment Trust Limited ('SREIT' or the 'Company'), the actively managed REIT focused on improving the sustainability performance of buildings to generate higher income, announces its net asset value ('NAV') and dividend for the quarter to 30 June 2024, and provides an update on activity. Highlights: · NAV increase of 0.5% to £289.0 million or 59.1 pence per share ('pps') (31 March 2024: £287.4 million or 58.8 pps), driven by a 0.3% increase in the value of the underlying portfolio, net of capital expenditure. · Quarterly dividend paid of £4.2 million, or 0.853 pps, 103% covered by recurring earnings, resulting in a quarterly NAV total return of 2.0%. · Announcement of an interim dividend of 0.853 pps for the period 1 April 2024 to 30 June 2024, to be paid on 30 August 2024. · Net loan to value 36.9% (31 March 2024: 37.1%), with sector-leading debt terms including an average interest cost on debt drawn of 3.5%, an average loan duration of 9.5 years and no debt maturities until June 2027. · Strong leasing momentum since 31 March 2024, with 27 new lettings, renewals and rent reviews completed across 278,000 sq ft, generating £2.3 million of contracted annual rental income. · Significant near-term leasing pipeline, notably at the recently completed industrial refurbishments in Manchester, Milton Keynes and Swindon, which should further drive income and earnings growth. · Progressing strategy to include sustainability at the centre of the Company's investment proposition, with a sustainability improvement and decarbonisation strategy focused on adapting existing buildings into those that are both modern and fit for purpose. Alastair Hughes, Chair of the Board, commented: "Following a significant correction, there are increasing signs that the UK real estate market is positioned for a recovery in late 2024 and into 2025. Whilst economic growth remains muted, greater political stability, falling interest rate expectations, and resilient occupational markets are stimulating more interest in the sector." Nick Montgomery, Fund Manager, added: "The 0.5% quarterly net asset value increase follows the 0.2% increase in the prior quarter and demonstrates the resilience of our underlying portfolio, which is both high yielding and weighted towards higher growth sectors. There is an encouraging pipeline of new leasing activity as we continue to capture the high portfolio reversion and significant work is ongoing implementing our Brown to Green strategy, with a full update to be provided with the interim results later this year." |
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