UK earnings, trading statements calendar - next 7 days
12th Jun 2024 16:08
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Direct property portfolio is independently valued at EUR208.1 million as of the end of its financial second quarter on March 31, representing a marginal like-for-like decrease of 1.0% from EUR210.2 million at the end of the first quarter. This slight drop is driven by continued outward yield movement - meaning lower property prices compared to rents - particularly for offices and select retail. Notes that rental income has remained stable in the second quarter, with a continuing high level of rent collection, and the portfolio is benefiting from indexation and high occupancy of 96% Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Completes the refinancing of a EUR8.6 million loan with the existing lender Saar LB, secured against its Rennes logistics investment. Says the new five-year facility is based on a margin of 1.6%, a slight increase from the existing 1.4% margin and is due to expire on March 26, 2029. With this new facility, the company's third-party debt totals EUR82.5 million across seven loan facilities. Raphael Berdot, lead investment manager for France at Schroder Real Estate Investment Management Ltd, says: "The lending appetite for well located, institutional quality logistics remains strong. With competitive margins and swap rates falling, the overall debt cost remains accretive when compared to the current asset valuation yield of [around] 6%." Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says net asset value per share fell to 124.8 euro cents as at December 31 from 128.2c at September 30, 2023, driven primarily by an unrealised reduction in the valuation of the investment property portfolio. Says the direct property portfolio was independently valued at EUR210.2 million as at December 31, reflecting a like-for-like decrease over the second quarter of 1.8%. Says it continues to review select sustainability-led capex initiatives in the portfolio, which should optimise earnings growth and asset liquidity Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says the direct property portfolio is independently valued at EUR210.2 million in the first quarter that ended December 31, down 1.8% on a like-for-like basis. Says this is due to continued outward yield movement, particularly for offices and select industrial properties. The portfolio office witnessed a valuation decline of 2.5%, while the portfolio industrial saw a valuation decline of 1.2%. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Completes the early refinancing of its St Cloud, Paris office loan, extending the term by three years to December 15, 2027 from December 15, 2024. Decides to reduce the loan principal to EUR14.0 million from EUR17.0 million. Read More
(Alliance News) - Schroder European Real Estate Investment Trust PLC reported on Wednesday it swung to an annual loss due in part to negative fair value adjustment. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Say the direct property portfolio was independently valued at EUR214.1 million as at September 30, down 2.1% from EUR218.7 million as at September 30, 2022. Says the like-for-like property valuation decreased by 1.9% from EUR218.4 million as at June 30, 2023. Says valuation is driven by continued outward yield movement and higher interest rate that hurt investor sentiment. Schroder European Real Estate says it remains well positioned with significant cash reserves and is reviewing select sustainability-led capital expenditure initiatives in the portfolio, which should optimise earnings growth and asset liquidity. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Secures a five-year debt refinancing against its five-asset Dutch industrial portfolio. The refinancing is based on a margin of 2.0%, which is 0.15% below the existing margin. Says this reflects the competitive terms offered by four different banks. Elects to extend the facility by a further EUR4.5 million to EUR13.8 million. The new facility has been fixed at 5.3% being the five-year euro swap rate plus 2.0% margin. Read More
(Alliance News) - Schroder European Real Estate Investment Trust PLC said on Thursday its quarterly net asset value was almost flat in the third quarter of its financial year. Read More