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SREI Schroder Real Estate Investment Trust Limited

52.00
1.60 (3.17%)
14 Mar 2025 - Closed
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 Shares Traded Last Trade
  1.60 3.17% 52.00 727,816 16:35:18
Bid Price Offer Price High Price Low Price Open Price
51.00 51.80 51.60 50.80 50.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 27.14M 3.02M 0.0062 83.23 246.51M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 UT 57,290 52.00 GBX

Schroder Real Estate Inv... (SREI) Latest News

Schroder Real Estate Inv... (SREI) Discussions and Chat

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Date Time Title Posts
16/3/202508:13SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED2,495
09/7/201800:02Schroder RE (SREI) One to Watch on Monday -
14/3/201220:03SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED-

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

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Schroder Real Estate Inv... (SREI) Top Chat Posts

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Posted at 16/3/2025 08:20 by Schroder Real Estate Inv... Daily Update
Schroder Real Estate Investment Trust Limited is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker SREI. The last closing price for Schroder Real Estate Inv... was 50.40p.
Schroder Real Estate Inv... currently has 489,110,576 shares in issue. The market capitalisation of Schroder Real Estate Inv... is £252,381,057.
Schroder Real Estate Inv... has a price to earnings ratio (PE ratio) of 83.23.
This morning SREI shares opened at 50.80p
Posted at 28/2/2025 07:40 by giltedge1
Another dividend increase announced this morning. 2nd quarter in a row.
Schroder Real Estate Investment Trust Limited, the actively managed REIT focused on improving the sustainability performance of buildings to generate higher income and capital growth, announces a further 2% increase to the interim dividend to 0.897 pence per share ('pps') for the period 1 October 2024 to 31 December 2024. This follows the 3% increase in the interim dividend for the prior quarter that was paid in December and further progress with portfolio activity.

The dividend payment will be made on 28 March 2025 to shareholders on the register at the record date of 14 March 2025. The ex-dividend date will be 13 March 2025.
Posted at 17/2/2025 07:01 by skinny
4.0% NAV TOTAL RETURN SUPPORTED BY INDUSTRIAL WEIGHTING AND ACTIVE MANAGEMENT



Schroder Real Estate Investment Trust Limited ('SREIT' or the 'Company'), the actively managed REIT focused on improving the sustainability performance of buildings to generate higher income and capital growth, announces its 31 December 2024 net asset value ('NAV'), an asset management update, and further progress selling smaller non-core assets on completion of business plans.



Financial highlights

· NAV total return for the quarter of 4.0% (30 September 2024: 2.0%), reflecting the Company's strongest quarterly performance since June 2022

· NAV increase of 2.5% to £297.8 million or 60.9 pence per share ('pps')

· Annualised dividend yield of 6.9% on 14 February closing share price of 50.6p

· Quarterly EPRA earnings increased 6.7% to £4.5 million, or 1.0 pps

Balance sheet highlights

· Sector-leading debt terms with a weighted average maturity of 8.8 years and interest cost of 3.5% on drawn debt

· Incremental positive fair value benefit of the fixed-rate loan of £18.4 million, which is not reflected in the Company's NAV

· Net loan to value 36.6% (30 September 2024: 37.3%)

Operational highlights

· Quarterly portfolio capital growth of 1.5% (MSCI Benchmark: 0.8%)

· Quarterly portfolio total return of 2.9% (MSCI Benchmark: 2.0%)

· Strong leasing momentum maintained, with 12 deals completed across 223,804 sq ft:

o Two new lettings of vacant units adding £147,000 of rent, 1% ahead of 30 September 2024 independent valuation estimated rental value ('ERV')

o Five lease renewals generating total rent of £328,000, which is £94,000 or 40% ahead of the previous passing level and 3% ahead of 30 September 2024 ERV

o Five rent reviews with a total rent of £1,194,000 which is £287,000 or 32% ahead of the previous passing level

· Progressing sustainability improvement and decarbonisation strategies with significant near-term leasing pipeline, notably at the recently completed industrial refurbishments in Manchester and Swindon, and office refurbishments at Northampton and York, which are expected to further drive income and earnings growth

Dividend

· Quarterly dividend paid of £4.3 million, or 0.879 pps (30 September 2024: 0.853 pps)

· Quarterly dividend 104% covered by EPRA earnings (30 September 2024: 100%)

· The Company will announce an interim dividend for the period 1 October 2024 to 31 December 2024 on 25 February.
Posted at 22/11/2024 10:59 by shieldbug
SREI has become one of my largest holdings. Started buying during ridiculously cheap times of Covid and continued into the 50p+ range. Average prices under 40p not including divis that keep coming. Not selling any.
Posted at 12/10/2024 17:55 by nickrl
SREI merger with CREI or PCTN would be good fit but unlikely although SREI board more likely to sell out than the others.
Posted at 12/10/2024 14:48 by jbarcroftr
SREI has finance fixed for the next six or so years
As it is subscale I think their will be corporate action sooner rather than later
In the meantime I just collect the dividends
SERE although very different assets is also subscale and I hold with the same reasoning
Posted at 12/10/2024 12:33 by skyship
SREI has had quite a bit of positive press coverage recently. Accordingly the share price has moved up to a rather over-valued level IMO.

At 51.7p the discount now a mere 11.9% and the yield an unremarkable 6.47%.

Chart in the Header shows signs of topping out and beginning a slight reversal.

Time to play in some of the others.

CLI beginning to look rather firmer after the BUY note by Berenbergs. Target 114p v. current 99p, where still on an 8% yield and crazy 56% discount.
Posted at 31/7/2024 18:30 by giltedge1
Good update NAV up over quarter, better than peers BCPT, & PCTN. Also share price has some catching up to do, has not rallied last few months cf others in sector. NAV probably 62p if factor in gain in debt. New builds & refurbishments almost completed so not much cap ex in the current year. As noted by others, vacancies of 11%, higher than what we would like, of that 3% new builds & refurbishments. ERV to capture £9m, thats 50% increase of the current dividend!. Still good value at £0.48, 7% yield.
Posted at 20/7/2024 12:46 by nickrl
@Rongestrich the yield is simply latest divi divided by share price. OCF is just indication of how much it costs to run the trust. The issue with property trusts is what is actually included in the OCF as an element of the running costs of the portfolio can creep in which would be there anyway whether it was a trust or not. Personally i don't take much notice of OCF currently as there has been that many 7% yielders available that its generally swamped. However, if income is being squeezed and divis under threat then I might take a deeper look but generally the valuation falls in harmony with rental squeeze and most have fee structures related to NAV so they will drop back commensurately.
Posted at 27/3/2024 09:06 by flyer61
Across the road from Stanley Green is 100k plus sq ft to let.

SREI share price didn't do well during Covid....
Posted at 07/6/2022 17:09 by speedsgh
Intersting to compare with Picton Property Income (PCTN). They listed on 19/12/2005 (SREI listed on 23/7/2004). I don't know how to post charts but AFAICS if you compare the SREI share price performance against PCTN from 19/12/2005 to date, Picton has outperformed SREI by just under 100%. NOTE: this is just share price return, not total return.

SLI listed on 20/3/2006. Share price return for SLI is approx 30% better than SREI since SLI listed.
Schroder Real Estate Inv... share price data is direct from the London Stock Exchange

Schroder Real Estate Inv... Frequently Asked Questions (FAQ)

What is the current Schroder Real Estate Inv... share price?
The current share price of Schroder Real Estate Inv... is 52.00p
How many Schroder Real Estate Inv... shares are in issue?
Schroder Real Estate Inv... has 489,110,576 shares in issue
What is the market cap of Schroder Real Estate Inv...?
The market capitalisation of Schroder Real Estate Inv... is GBP 246.51M
What is the 1 year trading range for Schroder Real Estate Inv... share price?
Schroder Real Estate Inv... has traded in the range of 41.15p to 53.40p during the past year
What is the PE ratio of Schroder Real Estate Inv...?
The price to earnings ratio of Schroder Real Estate Inv... is 83.23
What is the cash to sales ratio of Schroder Real Estate Inv...?
The cash to sales ratio of Schroder Real Estate Inv... is 9.3
What is the reporting currency for Schroder Real Estate Inv...?
Schroder Real Estate Inv... reports financial results in GBP
What is the latest annual turnover for Schroder Real Estate Inv...?
The latest annual turnover of Schroder Real Estate Inv... is GBP 27.14M
What is the latest annual profit for Schroder Real Estate Inv...?
The latest annual profit of Schroder Real Estate Inv... is GBP 3.02M
What is the registered address of Schroder Real Estate Inv...?
The registered address for Schroder Real Estate Inv... is 2ND FLOOR, DOREY COURT, ELIZABETH AVENUE, GUERNSEY, GY1 2HT
What is the Schroder Real Estate Inv... website address?
The website address for Schroder Real Estate Inv... is www.schroders.com
Which industry sector does Schroder Real Estate Inv... operate in?
Schroder Real Estate Inv... operates in the REAL ESTATE INVESTMENT TRUSTS & LRT sector