London · Delayed Price · Currency is GBP · Price in GBX Schroder Real Estate Investment Trust Company Description
As at 30 June 2025, the underlying portfolio comprised 37 properties valued at £481.6 million.
It generated annual rent of £29.0 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 £40.2 million, reflecting a reversionary yield of 8.3% (MSCI Benchmark: 6.2%).
Including the impact of the exchange of unconditional contracts to sell Pacific House in Marlow with vacant possession, the portfolio void rate has improved to 12.2% as at today (31 March 2025: 12.3%), calculated as a percentage of ERV.
In addition: a further 2.3% of this void is currently under offer and in advanced legal negotiations; a further 2.9% is undergoing refurbishment including major sustainability improvement works at Millshaw Park Industrial Estate in Leeds (representing 1.7%) and St Ann's House in Manchester (representing 0.6%), both visited by shareholders and analysts on the Asset Tour in June and expected to generate material increases in rent compared to the previous passing level on completion.
The weighted average unexpired lease term, assuming all tenants vacate at the earliest opportunity, is 5.2 years.
| 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 |
| 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 |
| David Thomas Adderson | Head of Real Estate Risk Management |
| Bradley Biggins | Fund Manager |