Schroder Real Estate Investment Trust Company Description

As at 31 December 2024, the underlying portfolio comprised 38 properties valued at £473.9 million.

It generated annual rent of £28.5 million, reflecting a net initial yield of 5.6% (MSCI Benchmark: 5.1%).

Note that the University of Law, the tenant at Store Street in Bloomsbury, is in a 10-month rent free period ending on 16 October 2025.

Adding back the Company's share of its annual rent, being £2,359,885, would result in a net initial yield of 6.1%.

The portfolio's ERV is £39.6 million, reflecting a reversionary yield of 8.4% (MSCI Benchmark: 6.1%).

The portfolio void rate was 11.6% calculated as a percentage of ERV, with 0.2% of space completed since the period end and a further 3.6% of space currently under offer and in advanced legal negotiations.

The weighted average unexpired lease term, assuming all tenants vacate at the earliest opportunity, is 5.3 years.

A further update on portfolio activity will accompany the dividend announcement.

Schroder Real Estate Investment Trust Limited

Country	Guernsey
Industry	REIT - Diversified
Sector	Real Estate

Contact Details

Address: Town Mills Guernsey, GY1 1LT Guernsey
Phone	44 1481 745322
Website	srei.co.uk

Stock Details

Ticker Symbol	SREI
Exchange	London Stock Exchange
Fiscal Year	April - March
Reporting Currency	GBP
ISIN Number	GB00B01HM147
SIC Code	6798

Key Executives

Name	Position
Mark Callender	Head of Real Estate Research
Nick Montgomery	Global Head of Real Estate and Fund Manager
Tony Smedley	Head of Continental European Investment
Sarah Cockburn	Head of Real Estate Capital Partners
Roger Hennig	Head of Switzerland and Nordic Real Estate
Sophie van Oosterom	Global Head of Real Estate
Natalie Howard	Head of Real Estate Debt
Andrew Moore	Head of Schroder Pamfleet
Kieran Farrelly	Head of RE Global Solutions
James MacNamara	Head of Strategy for Hotels and Operating Assets