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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
|
|
|---|---|---|---|---|
| -0.20 | -0.46% | 43.10 | 09:42:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 43.00 | 42.90 | 43.10 | 43.30 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 21/11/2023 16:23 by skinny The recording :- |
Posted at 21/11/2023 08:12 by speedsgh From Chairman's outlook..."...The Board and Manager also recognise that we need to be proactive addressing the current share price discount to NAV. This has driven the decision to announce an evolution of the strategy. As sustainability considerations become even more important for investors and occupiers, we have a strong conviction that it will clearly help to differentiate the Company and drive more sustainable, risk-adjusted returns." |
Posted at 22/9/2023 07:09 by skinny Notice of Half Year ResultsSchroder Real Estate Investment Trust Limited will announce its Half Year Results for the period ended 30 September 2023 on Tuesday 21 November 2023. There will be a live webcast presentation for analysts and investors at 9.00am on the morning of the results which will be available at: |
Posted at 11/8/2023 14:51 by nickrl @mirandaj SREI investor meets always worth a watch |
Posted at 27/7/2023 10:10 by nickrl This is my biggest holding bought because it covers its dividend at the cash level so content to see that position maintained. The vacancy rate was up slightly to 11.5% so good that some lettings are imminent as we need the reversionary to move on from here. They do have good long term debt but mustn't overlook the RCF which is now costing as much to service despite it being less than half the fixed debt. Yes it part capped but every pound that goes on it now is costing 6.6%, nearer 7 by next week probably, because they haven't got it all capped. So all this is going to hold back any further divi increase until rates start moving in a more favourable direction.Hopefully an Investor Meet soon to hear from Nick Montgomery. |
Posted at 08/6/2023 15:11 by speedsgh Investors Meet presentation just finished. They looked at the EPIC portfolio (they didn't view the EPIC assets as good a quality as their own existing) but majority of their funds are currently earmarked for asset management initiatives for their existing portfolio. Current discount to NAV precludes an all paper deal. Doesn't sound like something they contemplated seriously.Main deals they are seeing are from those who need to sell rather than refinance and also opportunities from OEICs. Presentation skills: Nick Montgomery - 9/10 Bradley Biggins - 5/10 (he is still relatively young; will doubtless improve with experience) |
Posted at 08/6/2023 12:42 by mirandaj Just FYI“Substantial shareholdings The Company has received notifications in accordance with the Financial Conduct Authority's ('FCA') Disclosure Guidance and Transparency Rule 5.1.2R of the below interests in 5% or more of the voting rights attaching to the Company's issued share capital. The Company is reliant on investors to comply with these regulations, and certain investors may be exempted from providing these. As such, this should not be relied on as an exhaustive list of shareholders holding above 5% of the Company's voting rights. Number of ordinary shares Percentage (%) -------------------- Investec Wealth & Investment (UK) 78,375,224 16.0 -------------------- Schroders PLC 67,842,383 13.8 -------------------- Premier Fund Managers Limited 41,680,575 8.0 -------------------- Embark Investment Services (UK) 34,207,624 7.0 -------------------- Witan Investment Trust plc 32,250,000 6.2 -------------------- |
Posted at 08/6/2023 09:37 by killing_time There's one at 10am and another at 2pm.10am with Schroders, 2pm with Investor Meet Company. |
Posted at 03/6/2023 17:14 by mirandaj Just a swift comment on Stanley Green Trading Estate for interest really. I am happy with the other holdings and hope that letting continues well with good percentage increases. They have chosen some very particular and popular places to be.Obviously the results will tell all but, in the meantime, we had reason to drive over to Manchester Airport and I wanted to have a fleeting look from the A555. We didn't come off on to the A34 as I was happy with what I saw. The airport is only a few minutes away. The new build seem to have a really high end finish and solar panels everywhere - all looks very high tech! The roads are tarmacadamed and the finish is excellent. The contractors have taken great care. I could not tell if all ready for letting but have no doubt they will have no trouble with them. Rents on the older properties will have been increasing as everywhere but being in such an advantageous position will draw in customers to the various unit. (Still at a 28% + discount pre results on 8th.) A little from Kepler's research - RNS dated 9th December 2022: SREI’s high dividend yield looks attractive versus both peers and other asset classes, including equities, cash and gilts – particularly given how well covered it is. Investors buying now should receive a dividend yield of 7% on an ongoing basis. In addition, the reversionary potential of the portfolio is attractive at 6.6% (versus the benchmark’s 4.8%) and there is a pipeline of asset management opportunities to further grow income. SREI trades on a very wide discount of 39% at the time of writing, meaning the valuation of the portfolio could fall by c. 25% and the shares would still be on a discount. We think this should give comfort to investors concerned that further falls to the capital value of the portfolio are likely in the coming quarters, given that property valuations come in with a lag. Of course, if interest rates peak lower and sooner than expected, then some of the pressure on pricing will be relieved, although there will still be the impact of a recession to assess. Additionally, we think the balance sheet looks strong. The decision to fix long-term debt in late 2019 was well timed, and the low rate agreed of 2.5% is extremely attractive in the current environment. We note there is some refinancing risk through the RCF, the hedges on which have to be rolled in July 2023, although this is only 26% of the drawn-down debt. The cheap gearing could provide a tailwind behind the NAV when the recovery comes, and importantly there are very significant cushions over the covenants on the debt |
Posted at 15/11/2022 20:44 by rambutan2 Roll up, roll up! No excuses not to ask those searching questions:Investor Presentation Schroder Real Estate Investment Trust Limited is pleased to announce that Nick Montgomery and Bradley Biggins will provide a live presentation relating to Half Year Results for the period ended 30 September 2022 via the Investor Meet Company platform on Wednesday 16 November 2022 at 2.00 pm GMT. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Schroder Real Estate Investment Trust Limited via: |
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