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 Shares Traded Last Trade
  0.40 1.32% 30.80 715,540 16:29:58
Bid Price Offer Price High Price Low Price Open Price
30.80 31.00 31.10 30.60 31.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 23.49 -32.46 -6.30 160
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:49 O 972 30.671 GBX

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Date Time Title Posts
09/7/201800:02Schroder RE (SREI) One to Watch on Monday -

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Schroder Real Estate Inv... (SREI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-30 17:07:4930.67972298.12O
2020-10-30 16:35:2030.8035,36110,891.19UT
2020-10-30 16:29:5930.8072.16AT
2020-10-30 16:29:5730.8021064.68AT
2020-10-30 16:29:5730.8010131.11AT
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Schroder Real Estate Inv... (SREI) Top Chat Posts

Schroder Real Estate Inv... Daily Update: Schroder Real Estate Investment Trust Limited is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker SREI. The last closing price for Schroder Real Estate Inv... was 30.40p.
Schroder Real Estate Investment Trust Limited has a 4 week average price of 30.40p and a 12 week average price of 27.65p.
The 1 year high share price is 58p while the 1 year low share price is currently 27.65p.
There are currently 518,513,409 shares in issue and the average daily traded volume is 668,144 shares. The market capitalisation of Schroder Real Estate Investment Trust Limited is £159,702,129.97.
skyship: Taken a couple of good REIT turns today. Parked some of that cash just now into more SREI at a smidgeon under 30.8p. Looking across the piece SREI are the standout BUY; especially when you accept that the buybacks will start again after the issue of the Interims. At 30.8p the discount = 46.3%. This versus, say, the rallying SLI @ 32.2%, RGL @ 39.4% & EPIC @ 41.6%. Consider this, an SREI rally back up to 34p (the share price before they interrupted the buybacks) matches a 41.1% discount and a 10% turn. May have to go back for more - this trade is easy money IMO!
skyship: An extract from my spreadsheet on 16 secondary propcos. # Extracted to show those on 40%+ discounts # AIRE & RGL included because of the great yields # All NAV stats are to Jun'20, exc. MCKS still to Mar'20 EPIC share price ...NAV...Disc...Divi..Yield --------------------------------------------- AIRE 51.00 83.60. 39.00 5.00 9.80 BCPT 67.20 120.70 44.30 3.00 4.46 BREI 52.00 96.60. 46.20 2.50 4.81 EPIC 49.50 90.24. 45.10 4.00 8.08 MCKS 190.00 329.00 42.20 7.20 3.79 RGL 66.00 102.60. 35.70 6.00 9.09 SLI 46.80 79.60.. 41.20 2.86 6.10 SREI 32.85 57.70. 43.10 1.54 4.70 "You pays your money you takes your choice"....but sure looks to be some great value out there, especially those showing good rent collections.
llef: bit of a paradox really: i want the share price to remain low so that buybacks happen at the best possible price, but i also want teh share price to rise so that my holdings are worth more!
essentialinvestor: Moritorium could be in place for another 6 months, would not surprise me. What the market wants is certainty and clarity. So HMG could say another 2 roll overs, with a line in the sand drawn in advance on it's ending. The great financial crisis low in SREI was approx 13 pence a share, the NAV, from memory, did not get below 40 pence a share. I dont think any conclusion can be drawn there as in early 2009 wider equities were dirt cheap, that is not the case now. The share price at that low was selling on Less than 2.5 years of dividend payments. With the advantage of hindsight that's about as close to being offered free money as it gets - but as often happens, the very best prices are usually when it's incredibly difficult to make yourself buy.
essentialinvestor: Posted here a few months back my gut call was SREI would make a low circa mid to higher 20's. Had in mind around 27-28.5 pence, which the share price touched the higher end of yesterday. Unless we are facing something extraordinary, much below that would surprise me. My best performer this week has been CLS, which are about 100% office, their collection %'s have been exceptional to this point. Thanks to konrad on the SHB board for alerting me this. Moritorium announcement shortly, even if this rolls over again, hopefully a definite end date is clarified. Sector needs this for confidence.
essentialinvestor: To put the current SREI price in some historical context, In mid May 2009, the heart of the financial crisis, the share price was higher than at the time of this post. SREI made a low that January 2009.
essentialinvestor: In terms of... what to make of the share price fall, It's nothing particularly out of the ordinary for this REIT, unless there is some news that says otherwise. Investec are a large holder here and it would not be a surprise to see confirmation of further selling. SREI also have a large(ish) chunk of retail in their portfolio, unlike SLI.
skyship: SREI once again beginning to look anomalously cheap. Chart suggests a triple bottom at 30p beckoning, with the share price below the 50day SMA, the MACD weakening and the RSI in negative territory. However, took a few yesterday on VALUE grounds and will add on a further fall. free stock charts from
speedsgh: Some open musings. Interesting to compare SREI performance with a couple of its peers, PCTN & SLI. The PCTN/SLI share prices have clearly outperformed SREI over both 5 & 10 years. PCTN currently trading at 8% premium to NAV (as at 30/9/19) SLI currently trading at 8% premium to NAV (as at 30/9/19) SREI currently trading at 22% discount to NAV (as at 30/9/19) PCTN has had a steadily increasing dividend since 2014, up 16.7%; over the same period SLI had a single increase of 2.5% in 2016; SREI had a single increase in 2018/19 with the prospect of a substantial increase of 19% announced in the interims at the end of Nov. This increase in the annualised dividend from 2.60p (0.65/qtr) to 3.10p (0.775p/qtr) should come into effect as of the next payment covering the Oct-Dec 2019 quarter, payable in Feb/Mar 2020. PCTN forward yield (assumes DPS 3.55p) is 3.5% SLI forward yield (assumes DPS 4.76p) is 4.9% SREI forward yield (assumes DPS 3.10p) is 5.8% Taking into account that SREI's current investment manager is unchanged over the past 10yrs+, the question is: can SREI turn around their underperformance, currently reflected in the wide discount & higher yield; if not, does the higher SREI yield adequately compensate for possible continued underperformance? Disclosure: have a long term holding in PCTN; do not currently hold SLI/SREI
cc2014: The assets we can assess for ourselves. Looks ok to me. Some retail but a balance of things. The LTV is really low at 22%. The NAV is £354m of which £90m is cash. But unless they redeploy the cash how do they generate a decent return, so (part of) the raised dividend will be paid from the cash pile I think rather than generated from earnings at least in the short term. The new long term funding at 2.5% until 2036 will come in useful if ever interest rates rise but I'm not impressed they had to pay a break clause of £28m to get out of the old financing deal. So, it looks a bit like the fund has screwed up on it's long term debt, paid a lump of money to get rid of it and start again with a low headline rate. Of course if previous shareholders have paid for that and you as a new shareholder aren't it won't matter. My view overall is in 10 years time that interst rate fix at 2.5% might look amazing in which case an entry here will work out well. (or it could look even worse as it seems rates may fall further too). I tend towards believing interest rates will rise in the long term but the market does not agree with me. I perceive RLE looks better value if you want a REIT with no London assets. The dividend is fully covered and rising and the mood music on RLE is good. Of course RLE only has a market cap of £100m. Which of course if Schroders got their finger out they could use the £90m cash pile and some of their undrawn debt facility to make a bit for RLE. I can only hope. I'm sure Schroders can spend the £90m on something M&G are looking to shift. I'll wait for the share price to drop as although an entry here is OK and enough to pique my interest I don't see the share price as low enough to make me want to press the buy button. Some clarifation on what the £90m is being spent on might also entice me off the fence. I have the feeling the market is turning on these REITs though and I'm not sure the share price will fall.
Schroder Real Estate Inv... share price data is direct from the London Stock Exchange
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