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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 | -2.55% | 42.10 | 42.30 | 42.70 | 42.10 | 42.10 | 42.10 | 151,800 | 12:59:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 25.23M | -54.72M | -0.1114 | -3.78 | 206.74M |
For release 17th April 2020
Schroder Real Estate Investment Trust Limited
("SREIT"/ the "Company" / "Group")
REVOLVING CREDIT FACILITY UPDATE
Schroder Real Estate Investment Trust, the actively managed UK-focused REIT, announces that it has drawn its revolving credit facility (‘RCF’) with Royal Bank of Scotland International (‘RBSI’) in full, totalling £52.5 million.
Following the drawdown, the Company has approximately £87.5 million in cash which provides important operational flexibility to capitalise on future investment opportunities. The RCF is an efficient source of funding that can be repaid and redrawn as often as required. The Company’s consolidated net loan-to-value (‘LTV’) remains unchanged at approximately 21% based on the 31 December 2019 valuation.
-ENDS-
For further information:
Schroder Real Estate Investment Management Limited: Duncan Owen / Nick Montgomery / Frank Sanderson |
020 7658 6000 |
J.P. Morgan Cazenove: William Simmonds |
020 7742 4000 |
Northern Trust: Lisa Garnham |
01481 745529 |
FTI Consulting: Dido Laurimore / Richard Gotla |
020 3727 1000 |
Copyright l 17 PR Newswire
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