Business
NAV update for the quarter to 31 December 2025
Schroder Real Estate Investment Trust Limited reported a 1.1% NAV total return for the quarter ending December 31, 2025, with quarterly EPRA earnings of £4.1 million and an annualised dividend yield of 6.4% based on a closing share price of 55.9p. The company's current annual rent stands at £30.4 million, with a 30% rent reversion to the portfolio's estimated rental value of £39.6 million. Debt remains attractive with a 3.4% interest cost and a weighted average maturity of 7.7 years, while the net loan to value ratio is 36.6%. Asset management initiatives successfully reduced the portfolio void rate to 9.7% from 12.2%, and two non-core disposals generated £5.2 million, exceeding book value by 7%. Disclaimer*
About this update from Schroder Real Estate Investment Trust Ltd
[{"type":"text","content":"\n\nFor release 26 February 2026\n \nSchroder Real Estate Investment Trust Limited\nNAV UPDATE FOR THE QUARTER TO 31 DECEMBER 2025\n1.1% QUARTERLY NAV TOTAL RETURN WITH ACTIVE MANAGEMENT REDUCING THE VOID AND SUPPORTING FUTURE EARNINGS\n \nSchroder Real Estate Investment Trust Limited ('SREIT' or the 'Company'), the actively managed REIT focused on improving the sustainability performance of buildings to generate higher income and capital growth, announces its 31 December 2025 net asset value ('NAV'), an asset management update, and further progress selling smaller non-core assets on completion of business plans.\n \nDelivering income to shareholders\n· Annualised dividend yield of 6.4% on 25 February closing share price of 55.9p\n· NAV total return for the quarter of 1.1%\n· Quarterly EPRA earnings of £4.1 million, or 0.8 pps\n· Current annual rent of £30.4 million\n· 30% rent reversion to the portfolio's estimated rental value ('ERV') of £39.6 million\n \nUnderpinned by attractive debt profile\n· Interest cost of 3.4% on drawn debt\n· Weighted average maturity of 7.7 years\n· Fair value of the fixed-rate loan is £17.7 million, which is not reflected in the Company's NAV\n· Net loan to value 36.6% (30 September 2025: 36.7%)\n \nLong-term portfolio investment outperformance\n· Portfolio allocated to higher growth sectors, 65% industrial and retail warehouse\n· Outperforming MSCI Benchmark over one, three, and five years\n· Quarterly Portfolio total return of 1.3% (MSCI Benchmark: 1.4%)\n \nSustainability-led asset management initiatives drive 250 basis points reduction in portfolio vacancy\n· Since the Company announced its interim results on 27 November 2025, 11 deals completed totalling £1.3 million across 170,000 sq ft:\no Five lettings of vacant units totalling £577,000 of annualised rent, 1% ahead of 31 December 2025 ERV\no Four lease renewals generating total annualised rent of £420,000, 22% ahead of the previous passing level\no Two rent reviews with a total annualised rent of £343,000, 21% ahead of the previous passing level\n·  ...