As at 31 December 2022
Managers Nick Montgomery and Bradley Biggins presented the trust's interim results for the period ending 30 September 2022.
For further performance data please visit download the latest factsheet or visit the London Stock Exchange website
Discrete yearly performance (%) | 12 months to Dec-2022 | 12 months to Dec-2021 | 12 months to Dec-2020 | 12 months to Dec-2019 | 12 months to Dec-2018 |
Share Price1 | -16.0 | 45.3 | -26.5 | 1.3 | -1.5 |
SREIT NAV Total Returns2 | -8.1 | 24.9 | -2.4 | -6.9 | 7.8 |
SREIT Real Estate Total Returns3 | -2.9 | 19.2 | 0.7 | 3.9 | 9.5 |
MSCI Balanced Monthly and Quarterly Index funds3 | -9.1 | 16.7 | -1.3 | 1.7 | 6.6 |
Issued in February 2022
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, Datastream, bid to bid price with net income reinvested in GBP.
2The Company completed the refinancing of its £129.6 million loan with Canada Life in October 2019. This extended the average maturity from 8.5 to 16.5 years and reduced the interest rate from 4.4% to 2.5% per annum. The refinancing generated an immediate interest saving of £2.5 million per annum. The refinancing incurred a one-off cost of £27.4 million.
3MSCI Balanced Monthly and Quarterly Index funds (including indirect investments on a like-for-like basis).
We believe it is our responsibility as real estate investors to identify, understand and manage environmental, social and economic impacts, positive and negative, to deliver resilient investment returns for the long term and manage exposure to impacts of financial and non-financial risks.
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. sBPR are intended to raise the standards and consistency of sustainability reporting for listed real estate companies across Europe.
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 individual assets and portfolios based on self-reported data.
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Investments in real estate are relatively illiquid and more difficult to realise than equities or bonds.
Yields may vary and are not guaranteed.
The use of gearing is likely to lead to volatility in the Net Asset Value ("NAV") meaning that a relatively small movement either down or up in the value of the Company's total assets will result in a magnified movement in the same direction of that NAV.
There is no guarantee that the market price of shares in a UK Real Estate Investment Trust such as SREIT will fully reflect their underlying NAV.
The value of real estate is a matter of a valuer's opinion rather than fact.
This UK Real Estate Investment Trust should be considered only as part of a balanced portfolio, of which it should not form a disproportionate part.
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.