Schroder Real Estate Inv... Share Discussion Threads

[apollocreed1] 22/7/2021 22:17

You can do very well buying after a share buyback is announced! I hope to repeat this strategy in future.

[skyship] 22/7/2021 20:59

Great - the long-term banker paying off in spades. Though my largest REIT holding is no longer SREI - it is now EPIC.

[badtime] 22/7/2021 19:49

Finally over 50p...will it stay there..

[nickrl] 19/7/2021 08:45

Contracted rental income is up 0.5m over last six months to 28.8m and the inv mgt fee reduction is worth 600k pa on todays NAV all enhancing at the cash level so im sure we will see a couple more modest qtrly increases on the divi.

[rogerbridge] 19/7/2021 07:38

SREI is going the right way.

[skyship] 19/7/2021 07:21

Excellent update - well pleased with that, especially the NAV.

[spectoacc] 19/7/2021 07:03

A lot to like (I've left off the ESG part). Reckon we'll see NAV increases from all of them: "Highlights · Net asset value (NAV') per share increase of 4.1% and a NAV total return of 5.3% per share based on dividends paid during the quarter. · Further 3% quarterly dividend increase to 0.675 pence per share (pps') for the period 1 April 2021 to 30 June 2021. · The portfolio valuation increased by 2.6% net of capital expenditure over the quarter, driven by the performance of industrial, which represents the largest component of the portfolio by value at 40.2%. · Rent collection levels continue to improve, with 90% of rent due for the quarter ending 30 September 2021 collected as at 16 July 2021, ahead of the equivalent date in the previous quarter. · High levels of earnings enhancing asset management activity across the portfolio, with 14 leasing transactions generating £1.1 million per annum of rental income. These reflected a £400,000 per annum like for like increase compared with the rental income as at 31 March 2021. "

[nickrl] 07/7/2021 20:06

Speedsgh watched it myself and sensible questions from investors rather than twaddle that analysts pose.

[speedsgh] 07/7/2021 19:14

Very interesting webinar with Nick Montgomery this morning. Will post a link to playback if/when it becomes available.

[spectoacc] 01/7/2021 16:10

Interesting how the small REITs are generally moving independently lately - SLI been weak today, SREI weak after being recently strong, BREI possibly finally bucking up from recent sustained weakness and having a good day. Only EPIC seems to have a good reason (Stadium presumably still selling).

[skyship] 01/7/2021 13:56

Sub 48p - A good opportunity to buy a few ahead of the upcoming NAV/Div & Asset Management Update - 20th July last year. 48p provides a 20.5% discount & a 5.47% yield.

[speedsgh] 29/6/2021 11:52

SREI fund mangager, Nick Montgomery, is speaking at QuotedData’s Property Webinar Series next Weds 7 July at 10.15am... HTTPS://quoteddata.com/events/quoteddatas-property-webinar-series-3/

[epistrophy] 19/6/2021 14:01

Thanks, makes sense. I wondered if I was missing something! Think ALM was caught up in the index rebalancing last week too. I was tempted but didn't pull the trigger.

[spectoacc] 19/6/2021 08:05

No, but the index rejigs tend to cause some volatility/rebalancing everywhere, & they happen on triple witching day. No index changes for any of the REITs but they get buffeted by rebalancing sometimes. Saying that, usually happens at close (like BREI), not during the day (like SREI today), so is only a theory. Were also some curious closes but on small volume elsewhere too (eg SUPR).

[epistrophy] 18/6/2021 18:08

Not an expert but I thought witching was linked to options expiry. Do tiddlers like BREI and SREI actually have traded options?

[spectoacc] 18/6/2021 16:38

Witching today; picked a few BREI up in closing auction.

[skyship] 18/6/2021 16:31

Serious volume today & quite a few chunky buys.......& maybe chucko's chunky sale! Helped the port to close up on a rather dire day, so thnx SREI.

[chucko1] 18/6/2021 16:09

And 48.5p now(!). I do think it's worth more, but with the bond/tech/Fed stuff going on and the key markets where they are, I shed no tears for a profit taken too soon.

[spectoacc] 18/6/2021 15:56

Can't go bust taking a profit, well done. Was 190k at 49.8p too.

[chucko1] 18/6/2021 15:38

I sold into it no matter what it was. Act first, think later! (I don't generally recommend that, but the behaviour of bonds and Fed-speak has been worse).

[spectoacc] 18/6/2021 14:18

Let's hope it wasn't the buyback ;)

[skyship] 18/6/2021 14:09

Pretty good performance in a rather dire Market; and someone paid 49.6p for 250k.

[skyship] 17/6/2021 14:25

Specto - agreed. BREI portfolio split is: # Off - 29.6%; Ind - 45.9%; Ret - 8%; Ret Whse - 16.5% Looks good for further valuation increases; plus a dividend increase likely as 118.9% cover at the Interim stage. I am thinking we may see a full year dividend of 3.75p rather than the 3.4p currently assumed.

[spectoacc] 17/6/2021 11:32

@flyfisher - not that much in it, to be fair. I think the negative reaction as much down to the extension being to March - March! - when anything's possible between now and then. @Sky - thanks, I should have just got the calculator out :) Not a bad discount for c.46% industrial. Re SREI Schroders holding - not sure what that's about, nor why the 15.21% holding declared doesn't add up to the 13.411% holding by "Schroders & Co Ltd" (as opposed to the other funds listed).

[skyship] 17/6/2021 10:43

Epi - interesting - thnx for that; will try it next time I need to paste one...