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SREI

Schroder Real Estate Investment TrustLSE:SREI Stock Report

Last Price

UK£0.55

Market Cap

UK£270.1m

7D

1.5%

1Y

39.8%

Updated

19 Jan, 2022

Data

Company Financials
SREI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends2/6

SREI Stock Overview

Schroder Real Estate Investment Trust Limited (the ‘Company’ and together with its subsidiaries the ‘Group’) is a real estate investment company with a premium listing on the Official List of the UK Listing Authority and whose shares are traded on the Main Market of the London Stock Exchange (ticker: SREI).

Schroder Real Estate Investment Trust Competitors

Land Securities Group

LSE:LAND

UK£6.0b

British Land

LSE:BLND

UK£5.1b

LXI REIT

LSE:LXI

UK£1.1b

UK Commercial Property REIT

LSE:UKCM

UK£1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Schroder Real Estate Investment Trust
Historical stock prices
Current Share PriceUK£0.55
52 Week HighUK£0.55
52 Week LowUK£0.38
Beta0.64
1 Month Change7.42%
3 Month Change8.91%
1 Year Change39.77%
3 Year Change1.66%
5 Year Change-3.51%
Change since IPO-47.37%

Recent News & Updates

Feb 23
What Type Of Returns Would Schroder Real Estate Investment Trust's(LON:SREI) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

What Type Of Returns Would Schroder Real Estate Investment Trust's(LON:SREI) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

Shareholder Returns

SREIGB REITsGB Market
7D1.5%0.8%-1.0%
1Y39.8%22.5%8.3%

Return vs Industry: SREI exceeded the UK REITs industry which returned 23% over the past year.

Return vs Market: SREI exceeded the UK Market which returned 8.3% over the past year.

Price Volatility

Is SREI's price volatile compared to industry and market?
SREI volatility
SREI Average Weekly Movement3.4%
REITs Industry Average Movement2.6%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: SREI is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SREI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/an/ahttps://www.srei.co.uk

Schroder Real Estate Investment Trust Limited (the ‘Company’ and together with its subsidiaries the ‘Group’) is a real estate investment company with a premium listing on the Official List of the UK Listing Authority and whose shares are traded on the Main Market of the London Stock Exchange (ticker: SREI). The Company is a Real Estate Investment Trust (‘REIT’) and benefits from the various tax advantages offered by the UK REIT regime. The Company continues to be declared as an authorised closed-ended investment scheme by the Guernsey Financial Services Commission under section 8 of the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended and the Authorised Closed-ended Investment Schemes Rules 2008.

Schroder Real Estate Investment Trust Fundamentals Summary

How do Schroder Real Estate Investment Trust's earnings and revenue compare to its market cap?
SREI fundamental statistics
Market CapUK£270.09m
Earnings (TTM)UK£46.52m
Revenue (TTM)UK£26.38m

5.8x

P/E Ratio

10.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SREI income statement (TTM)
RevenueUK£26.38m
Cost of RevenueUK£4.14m
Gross ProfitUK£22.24m
Expenses-UK£24.28m
EarningsUK£46.52m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.095
Gross Margin84.30%
Net Profit Margin176.33%
Debt/Equity Ratio47.5%

How did SREI perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

102%

Payout Ratio

Valuation

Is Schroder Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

17.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SREI (£0.55) is trading below our estimate of fair value (£0.67)

Significantly Below Fair Value: SREI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SREI is good value based on its PE Ratio (5.8x) compared to the UK REITs industry average (13.2x).

PE vs Market: SREI is good value based on its PE Ratio (5.8x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SREI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SREI's PB Ratio (0.8x) is in line with the GB REITs industry average.


Future Growth

How is Schroder Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.5%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Schroder Real Estate Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Schroder Real Estate Investment Trust performed over the past 5 years?

-28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SREI has a large one-off gain of £30.4M impacting its September 30 2021 financial results.

Growing Profit Margin: SREI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SREI's earnings have declined by 28.7% per year over the past 5 years.

Accelerating Growth: SREI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SREI has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (150.1%).


Return on Equity

High ROE: SREI's Return on Equity (14.4%) is considered low.


Financial Health

How is Schroder Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: SREI's short term assets (£29.7M) exceed its short term liabilities (£8.1M).

Long Term Liabilities: SREI's short term assets (£29.7M) do not cover its long term liabilities (£155.5M).


Debt to Equity History and Analysis

Debt Level: SREI's net debt to equity ratio (44.2%) is considered high.

Reducing Debt: SREI's debt to equity ratio has increased from 46.7% to 47.5% over the past 5 years.

Debt Coverage: SREI's debt is not well covered by operating cash flow (8%).

Interest Coverage: SREI's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

What is Schroder Real Estate Investment Trust current dividend yield, its reliability and sustainability?

5.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SREI's dividend (5.28%) is higher than the bottom 25% of dividend payers in the UK market (1.41%).

High Dividend: SREI's dividend (5.28%) is in the top 25% of dividend payers in the UK market (4.06%)


Stability and Growth of Payments

Stable Dividend: SREI's dividend payments have been volatile in the past 10 years.

Growing Dividend: SREI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.4%), SREI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Schroder Real Estate Investment Trust has no CEO, or we have no data on them.


Leadership Team

Experienced Management: SREI's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: SREI's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SREI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Schroder Real Estate Investment Trust Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Schroder Real Estate Investment Trust Limited
  • Ticker: SREI
  • Exchange: LSE
  • Founded: 2004
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: UK£270.094m
  • Shares outstanding: 491.08m
  • Website: https://www.srei.co.uk

Location

  • Schroder Real Estate Investment Trust Limited
  • Trafalgar Court
  • Les Banques
  • St Peter Port
  • GY1 3QL
  • Guernsey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 21:16
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.