Schroder Real Estate Inv... Share Discussion Threads

[ramellous] 03/2/2023 07:22

Nav down to 62p from 74.8 p

[my retirement fund] 02/2/2023 15:24

Began to buy back in here.

[chucko1] 31/1/2023 16:50

SNAP!! Bought back far less than 50% - about 10%. Got 47.23 or so even though the market was 47.15/50 at the time.

[skyship] 31/1/2023 15:42

Bt 50% back at 47.44p...

[dolphinite] 30/1/2023 19:13

Sold out holding hoping for drop to buy back in

[skyship] 26/1/2023 11:05

giltedge - thnx for the above

However, I won't touch anything to do with residential or social housing. Just a personal "no go". The events at HOME rather pollutes the whole pond IMO.

As for ASLI, I far prefer EBOX:

# Both are pure European logistics players

# EBOX has a better debt position, both debt cost and maturity

# EBOX trades on a 46.3% discount v. ASLI's 34%

# EBOX yields 6.75% v. ASLI's 6.8% - so pari-passu there, but prospective cover position better at EBOX

# EBOX has 12.6% in Spain v. ASLI's 35% - a big negative that one!

This link says more:

[giltedge1] 26/1/2023 10:55

Hello Skyship I would suggest ASLI, £0.73, my biggest property holding, but that would mean doubling up on EBOX as very similar, but lower geared. unfortunately hasn't enjoyed the recent rally!, good to have EURO exposure, & rents index linked. My preference is PRS Reit, £0.89 there is no shortage of tenants, 99% occupancy properties are newly built & rents rising strongly, seems to be bouncing off lows.

[my retirement fund] 25/1/2023 14:08

Yes it's been a very profitable run for me to, started buying on the way down, began accumulating in spades hitting over 5% of my portfolio at one stage and de risking on the way back up. Any significant pullback will look to start adding again.

[skyship] 25/1/2023 14:01

Well, sold balance of my SREI at 49.49p. Well pleased with the nice bounce, mirrors my play on API.

Left with CTPT, EBOX, EPIC & SERE. Slightly down on the first; but the others doing well and still look good value IMO. Sector exposure reduced to 31%.

Any suggestions for reinvestment?

[my retirement fund] 18/1/2023 11:22

Looking for that important 50p resistance to be broken.

[skyship] 17/1/2023 20:56

Pavey - we're playing some of the same winners. I too sold API too early, but a nice 15% turn. Still running my SREI; but getting very tempted.

Also hold CTPT (reduced a few as not bouncing); EBOX (added today and look the best value currently); EPIC & SERE.

EBOX at 64p are on an historic 47.5% discount & 6.91% yield.

Added today after reading the SERE portfolio valuation update - see my post on the EBOX thread for the reasoning.

Still money to be made in these REITs.

[pavey ark] 17/1/2023 16:44

Just sold the last of mine for 48.5p......as I bought for 42.11p on the 30th of December this is obviously a rather good return even though I sold some previously for 47p.

Never a real fan here and always preferred API but that ship has sailed for the time being.......got quite excited with API and sold at 59.5p (53p) but if it comes back I will look at it again.

Just waiting now but I could do with some REITs for my income portfolio and giving some a bit of a hard look .....it does look like the BoE will give rates a (last ?) push so may wait to see how that works out.

[shieldbug] 17/1/2023 14:58

Perhaps they read the ADVFN board.

[skyship] 17/1/2023 13:25

No, they were aware.

[nickrl] 17/1/2023 13:09

Sky were SREI aware of the story or were you making them aware?

[mirandaj] 17/1/2023 11:22

Thank you SKYSHIP. That is a relief. Journalist 'fact checking'!

[skyship] 17/1/2023 11:14

Miranda - had a reply from Bradley Biggins, portfolio manager at SREI.

He confirms the journalist made a mistake, confusing our Stanley Green site with another one nearby.

[fred177] 13/1/2023 16:31

Citywide via Numis broker rec

[spectoacc] 10/1/2023 20:57

In the Winterflood IT recs, make of them what you will (just 12 of their 37 picks from last year even beat their benchmark):

"...Bird’s team believe there is ‘considerable value’ in Schroder Real Estate (SREI) on a 28% discount and 7% yield which replaced corporate client Balanced Commercial Property Trust (BCPT) on a 26% discount and 5% yield."

[skyship] 10/1/2023 13:31

Looks like more sideways movement to come:


free stock charts from uk.advfn.com


What we could see:


free stock charts from uk.advfn.com

[spectoacc] 30/12/2022 07:55

10 years not a long enough time period?

Show me the reinvested divis performance, vs eg FTSE250. The shareprice - obviously - not a notional NAV figure. I can guarantee if SREI was trading on a premium now, you'd be wanting (rightly) to compare s/p.

[ghhghh] 30/12/2022 07:49

Reinvested divis will show a nice return but been a poor investment on most metrics.

[NAV will have performed better than share price - discount c.15% then vs c.40% now - but you can't pay the gas bill with NAV].

You can say the same about every stock market listing, they all go up and down!!!

You can only judge by NAV performance incl accrued dividends? The discount to NAV is down to fickle market sentiment in an especially cyclical sector.

[spectoacc] 29/12/2022 15:48

That was from 28th July. You'll find SREI's share price has gone exactly nowhere over the past 10 years to now.

Reinvested divis will show a nice return but been a poor investment on most metrics.

[NAV will have performed better than share price - discount c.15% then vs c.40% now - but you can't pay the gas bill with NAV].

[speedsgh] 29/12/2022 15:18

Schroders: Don’t let recession put you off property income -

Nick Montgomery of Schroder Real Estate (SREI) explains how UK commercial property is well positioned for the slowdown in the economy and why real estate investment trusts (Reits) can generate income ahead of inflation and also do their bit for the environment.

Montgomery, who heads UK real estate at Schroders, has helped run the Reit since its launch in 2004. The portfolio of 42 properties has a net asset value (NAV) of £390m and a gross asset value of £494m including debt.

Over 10 years it has delivered a 141% total shareholder return, ahead of the FTSE Epra UK index return of 74%. With the shares trading 32% below NAV, the trust offers a high dividend yield of nearly 6%.

Last month the company reported that in the year to 31 March it made an investment return of 30.9%, with its quarterly dividends restored to their pre-pandemic level.

In this 30-minute interview, Montgomery explains:

~ where UK commercial property can fit into investors’ portfolios;
~ his confidence in real estate avoiding a crash in the impending recession despite it slowing down;
~ how the Reit is shielded against rising interest rates, having refinanced three years ago;
~ how he can generate inflation-beating returns by growing the rental value of properties; and
~ where he is seeing value in the key industrial and office sectors at the moment.