Schroder Real Estate Investment Trust - SREI

Seeking attractive income with capital growth potential from a portfolio of UK commercial real estate

Key facts about SREI’S portfolio as at 30 September 2022.

Portfolio value

£532m

Number of properties

42

NAV total return for the six months to 30 September 2022

0.8%

SREI delivered outperformance of the IPD MSCI Benchmark1 over the past 6 months

1.8%
Source: Schroders, September 2022
1The MSCI UK Balanced Portfolios Quarterly Property Index as at 30 September 2022.

Why invest in SREI?

  • Dynamic portfolio allocation and active asset management provides the means to generate a sustainable rising income, as well as capital growth across market cycles.
  • A diverse and highly experienced team of investment specialists that facilitate a deep understanding and coverage of all commercial real estate sectors across the UK.
  • Market Leading data-led ESG framework, with a focus on driving demonstrable improvements to the sustainability profile of portfolio assets.

Top 15 holdings

As at September 2022

The Portfolio Managers

Nick Montgomery
Head of UK Real Estate Investment
Bradley Biggins
Portfolio Manager

Independent Board of Directors

Performance and charges

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

Discrete yearly performance (%)

Discrete Yearly Performance (%)

12 months to Sept-2022

12 months to Sept-2021

12 months to Sept-2020

12 months to Sept-2019

12 months to Sept-2018

Share Price (1)

-0.3

61.8

-39.5

-3.2

1.4

Net Asset Value Total Return (2)

18.5

18.3

-12.6

2.8

8.9

SREIT Real Estate Total Return (3)

15.4

14.3

-1.1

5.4

11.0

MSCI Balanced Monthly and Quarterly index funds (3)

10.0

11.2

-2.4

2.6

8.6

Issued in September 2022.

Past performance is not a guide to future performance and may not be repeated. The value of investments and the

income from them can go down as well as up and you may not get back the amount originally invested.

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

2 The 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 costs of £27.4 million.

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

Sustainability

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.

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. sBPR are intended to raise the standards and consistency of sustainability reporting for listed real estate companies across Europe.

GRESB_2021-3-sterren-2

The Global Real Estate Sustainability Benchmark (GRESB) is a missiondriven 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.

INtegrated sreit v2

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Investing in the Schroder Real Estate Investment Trust

What are the risks?

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.

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.

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Please remember that 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.

This marketing material is for professional clients or advisers only. This site is not suitable for retail clients.

Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered Number 4191730 England.

Schroder Unit Trusts Limited is an authorised corporate director, authorised unit trust manager and an ISA plan manager, and is authorised and regulated by the Financial Conduct Authority.

On 17 September 2018 our remaining dual priced funds converted to single pricing and a list of the funds affected can be found in our Changes to Funds. To view historic dual prices from the launch date to 14 September 2018 click on Historic prices.