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Schroder European Real Estate Investment Trust plc (SERE) Ordinary 10p

Sell:74.80p Buy:77.00p 0 Change: 2.00p (2.60%)
Market closed Prices as at close on 30 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:74.80p
Buy:77.00p
Change: 2.00p (2.60%)
Market closed Prices as at close on 30 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:74.80p
Buy:77.00p
Change: 2.00p (2.60%)
Market closed Prices as at close on 30 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To provide Shareholders with a regular and attractive level of income return together with the potential for long term income and capital growth through investing in commercial real estate in Continental Europe, mainly in France and Germany. The Company may invest directly in real estate assets (both listed and unlisted) or through investment in special purpose vehicles, partnerships, trusts or other structures. The Company will invest principally in the office, retail, logistics and light industrial property sectors. It may also invest in other sectors including, but not limited to, leisure, residential, healthcare, hotels and student accommodation.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

A fee at the rate of 1.1% of the EPRA NAV of the Company p.a. where the EPRA NAV of the Company is less than or equal to GBP 500m. To the extent that EPRA NAV of the Company is greater than GBP 500m, the rate to be applied to such excess shall instead be 1.0% of the EPRA NAV, in each case, exclusive of VAT. Notice period is 12 months.

Dividend Policy

The Company intends to pay dividends on a quarterly basis while targeting an annualized EUR dividend yield of 5.5% based on the EUR equivalent of the Issue Price as at Admission.

ASSET SPLIT

Total number of holdings: 15.

Trust Manager

Jeff O'Dwyer

Manager Bio

Jeff O'Dwyer is a Fund Manager, Schroder REIM at Schroders, where he is lead manager of the Schroder European Investment Trust (SEREIT) a €250m publicly listed company that invests in winning cities in continental Europe. She joined Schroders in 2015 and is based in London. Jeff was a Director at Pacific Real Estate Capital Partners from 2010 to 2014, where he was responsible for sourcing investments in Europe. Based in London. She was a Senior Advisor at Capital Insight from 2009 to 2010, which involved advising on social housing initiatives for NSW Government. She was a Director, Investment Management at UBS Real Estate from 2003 to 2008, where he is responsible for managing portfolio bid process in Europe. She was an Associate, Capital Transactions at Lend Lease Real Estate Investment from 2001 to 2003, which involved investment analysis and management of acquisition due diligence.

Board Of Directors

Julian BerneyChairman, Mark Patterson, Jonathan Thompson

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.