Schroder Real Estate Investment Trust - SREI

Seeking to improve the sustainability performance of buildings to generate higher income and capital growth

Why invest in SREI?

Schroder Real Estate Investment Trust's first-of-its-kind brown-to-green investment strategy aims to meet the growing demand for more sustainable buildings, by transforming the environmental performance of the portfolio’s assets over time.

This gives shareholders the potential to capture the rental and valuation premium that buildings with genuine green credentials can command and may provide significant opportunities for consistent income and capital growth.

Potential for consistent returns

Income potential which is sustainable both from an environmental perspective and long-term growth perspective. By improving the portfolio’s environmental performance, investors can capture the rental and valuation premium that buildings with genuine green credentials can command, underpinning the portfolio’s valuation and opportunities for growth.

Deep and proven expertise

Benefit from access to a global, highly experienced real estate platform in Schroders Capital. The team’s proven, proprietary, independently validated ESG scorecard methodology for reporting on environmental performance provides the transparency to allow investors to follow the portfolio’s positive progress.

Delivering tomorrow’s strategy today

Tenants, shareholders and regulators are all increasingly demanding that buildings are more sustainable and future proofed. Our first-of-its-kind brown-to-green investment strategy aims to meet this growing demand and allows us to capture an early-mover advantage before regulation compels others to follow.

Key facts

as at 31 March 2025

£480.0m

Portfolio value

38

Number of properties

11.0%

NAV total return for the year ended 31 March 2025

9.1% pa

SREI's underlying portfolio total return over the year ended 31 March 2025

This compares to 6.2% for the MSCI UK Balanced Portfolios Quarterly Property Index

Watch recording: Annual Results 2025

On 11 June Managers Nick Montgomery and Bradley Biggins presented the annual results of the trust for the year ended 31 March 2025

Key information

Slide 1 of 6
NEW: Annual Report & Accounts 2025
Investor Presentation: Annual Results 2025
Kepler Research Note
Latest Factsheet
Key Information Document
Morningstar Report

Performance and charges

For further performance data please visit download the latest factsheet or visit the London Stock Exchange website

Ongoing charges: 1.25% (Fund only costs) for the year ended 31 March 2025.

Ongoing charges (Fund only costs) are the Fund expenses expressed as a percentage of the average net asset value over the period.

Discrete yearly performance (%)

As at 31 March 2025

Discrete yearly performance (%)

12 months to Mar-2025

12 months to Mar-2024

12 months to Mar-2023

12 months to Mar-2022

12 months to Mar-2021

Share Price Total Return1

28.1

3.8

-19.7

53.2

7.1

SREIT NAV Total Returns

11.0

1.1

-15.1

30.9

3.9

SREIT Real Estate Total Returns2

9.1

3.2

-7.9

23.5

4.6

MSCI Balanced Monthly and Quarterly Index funds2

6.2

-1.3

-13.5

19.8

-1.1

Issued in June 2025

Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.

Source: 1Schroders, LSEG data, bid to bid price with net income reinvested in GBP.

2MSCI Balanced Monthly and Quarterly Index funds (including indirect investments on a like-for-like basis).

epra sbpr

The EPRA Sustainability Best Practices Recommendations (sBPR) Guidelines provide a consistent way of measuring sustainability performance in the same way that BPR for financial reporting have made the financial statements of listed real estate companies in Europe clearer and more comparable. In 2024, the Company achieved its seventh consecutive EPRA Gold Award for its annual report for the year ended 31 March 2024.

GRESB logo

The Global Real Estate Sustainability Benchmark (GRESB) is a mission-driven and industry-led organisation that provides actionable and transparent environmental, social and governance (ESG) data to financial markets. GRESB provides a consistent framework to measure the ESG performance of real estate companies and funds.

Schroders Capital’s real estate team has won three awards in the MSCI UK and European Property Investment Awards for 2023.   The awards recognise top performing funds across the real estate investment landscape.  Schroders Capital’s Real Estate team was recognised with the following:  Schroder Real Estate Investment Trust (‘SREIT’) won the ‘Highest 10-year risk adjusted relative return’ award for all UK funds. The total return achieved by SREITs underlying portfolio was 8.45% per annum

Source: MSCI, 2024

In the media

Slide 1 of 15
Kepler: Annual Results Analysis
Kepler: AIC REIT analysis
QuotedData Panel: When will REITS rebound?
Kepler: SREIT could benefit from a property recovery
Killik & Investor Insights Podcast: Interview with SREIT's Nick Montgomery
FT Adviser Podcast: Interview with SREIT's Nick Montgomery
Kepler: Building Back Better
Interactive Investor: Should you be moving in on these investment trusts?
City A.M: Meet the Fund Manager with Nick Montgomery
Interactive Investor: Funds and trusts tipped to prosper from falling interest rates
QuotedData: Schroder REIT results points to valuations stabilising
Kepler: Annual Results Analysis
Midas Share Tips: Property firm Schroder Real Estate Investment Trust building a green and clean empire
AJ Bell Shares Presentation - March 2024
QuotedData: Weekly Show Presentation

Portfolio in Focus

As at 31 March 2025

Asset Strategies

Slide 1 of 0

Corporate Governance

Find out more about the Company's Board, view key dates and keep up with regulatory news.

The Portfolio Managers

Slide 1 of 2

Nick Montgomery

Global Head of Real Estate

Bradley Biggins

Portfolio Manager

Slide 1 of 11
Annual Report and Accounts 2025
Interim Report & Accounts 2024
Terms of Reference: Management Engagement Committee
Terms of Reference: Audit & Risk Committee
Terms of Reference : Nomination Committee
Alternative Investment Fund Managers Directive (AIFM) Disclosures
Full Prospectus
Supplementary Prospectus
Circular and Notice of EGM
Results of EGM
ESG Scorecard ‘Agreed-Upon Procedures’ Report

Archive

Annual Reports & Accounts

2024 / 2023 / 20222021 2020 2019 / 2018 / 2017 2016 2015 2014 2013 2012 2011 2010 2009 

Interim Reports & Accounts

2024 / 2023 / 2022 / 2021 / 2020 / 2019 / 2018 / 2017 / 2016 / 2015 / 2014 / 2013 / 2012 / 2011 / 2010 / 2009

Investing in Schroder Real Estate Investment Trust

Non-Mainstream Pooled Investments (NMPI) Status

The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.

Fund Risk Considerations

Schroder Real Estate Investment Trust

Credit risk

A decline in the financial health of an issuer could cause the value of its bonds, loans or other debt instruments to fall or become worthless.

Currency risk

The fund may lose value as a result of movements in foreign exchange rates.

Interest rate risk

The fund may lose value as a direct result of interest rate changes.

Liquidity risk

The fund is investing in illiquid instruments. Illiquidity increases the risks that the fund will be unable to sell its holdings in a timely manner in order to meet his financial obligations at a given point in time. It may also mean that there could be delays in investing committed capital into the asset class.

Market risk

The value of investments can go up and down and an investor may not get back the amount initially invested.

Operational risk

Operational processes, including those related to the safekeeping of assets, may fail. This may result in losses to the fund.

Performance Risk

Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve.

Property development risk

The Fund may invest in property development which may be subject to risks including, risks relating to planning and other regulatory approvals, the cost and timely completion of construction, general market and letting risk, and the availability of both construction and permanent financing on favourable terms.

Real estate and property risk

Real estate investments are subject to a variety of risk conditions such as economic conditions, changes in laws (e.g. environmental and zoning) and other influences on the market.

Concentration risk

The company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the company, both up or down, which may adversely impact the performance of the company.

Gearing risk

The company may borrow money to make further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase by more than the cost of borrowing, or reduce returns if they fail to do so. In falling markets, the whole of the value in that investment could be lost, which would result in losses to the fund.