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SREI Schroder Real Estate Investment Trust Limited

42.10
-1.10 (-2.55%)
Last Updated: 12:59:02
Delayed by 15 minutes
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

Schroder Real Estate Investment Trust Ltd - Revolving Credit Facility Update

17/04/2020 7:00am

PR Newswire (US)


Schroder Real Estate Inv... (LSE:SREI)
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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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