Schroder Real Estate Investment Trust Ltd · LSE:SREI
Schroder Real Estate Investment Trust — Schroder BSC Social Impact Trust — FY2025 Earnings Presentation
18 slides from Schroder Real Estate Investment Trust's earnings presentation, October 2025
Slide 1: Schroder BSC Social Impact Trust Full year results
Schroder BSC Social Impact Trust Investing to address UK social challenges Full year results For the 12 months to 30 June 2025 Jeremy Rogers October 2025 Hermina Popa Susanna Hudson Image from Campbell Wharf housing development which provides housing for key workers and medium income households Mar
Slide 2: Investor Information
Schroder BSC Social Impact Trust – Investor Information Type This is a closed ended investment trust. Investment Objective The Company's principal investment objectives are to deliver measurable positive social impact as well as long term capital growth, through investing in a diversified portfolio
Slide 3: Fund Risk Considerations
Schroder BSC Social Impact Trust plc – Fund Risk Considerations Relevant risks associated with this company should be carefully considered before making an investment. • Concentration risk: The Company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or
Slide 4: Schroder BSC Social Impact Trust
Committed £96m Schroder BSC Social 422,000 Impact Trust People reached Provides capital to social enterprises and 98% underserved and charities addressing disadvantaged some of the UK’s biggest social 34,500 people challenges provided affordable and decent housing £238m generated on public and house
Slide 5: Full Year Highlights (to 30 June 2025)
Full Year Highlights (to 30 June 2025) Continued delivery of financial returns and significant positive impact Financial Operational Outlook +1.6% NAV total return per share in Simply Affordable Homes funded 367 Strategic review ongoing the period - increased income from homes in England, housing ov
Slide 6: Performance and Portfolio Update
Performance and Portfolio Update Image from Campbell Wharf housing development which provides housing for key workers and medium income households Image from AllChild, a charity which supports children to build the skills they need to flourish.
Slide 7: A fund of funds providing access to a seasoned, diversified portfolio
A fund of funds providing access to a seasoned, diversified portfolio Asset Allocation - High Vintage Phase Access Impact Investment Portfolio 7% 26% 12% 29% 24% 17% 45% 46% 22% 46% 43% 74% High impact housing 2013-2016 Mature Co-investments/secondaries Debt and Equity for Social 2017-2019 Investmen
Slide 8: NAV/share movements: Income growth offset by valuation changes & dividend
NAV/share movements: Income growth NAV performance offset by valuation changes & dividend • NAV Total return for the year of 1.6% NAV per share progression which comprises of: • a dividend payment of 2.8% Increase Decrease Total • NAV/share decline of -1.1% in 108.00 the year 107.00 5.32 NAV drivers
Slide 9: High Impact Investments Portfolio performance overview
High Impact Investments Portfolio performance overview Source: Schroder BSC Social Impact Trust Interim Report, 30 June 2025. 1TVPI/DPI since Company investment. Calculation methodologies for TVPI, DPI & IRR: TVPI (Total Value to Paid in) - (Value at year-end + distributions to date)/Total paid into
Slide 10: Declared dividend increased by 28%
Declared dividend increased by 28% A one-off, above-guidance dividend payment due to a special income payment from the Bridges Inclusive Growth Fund, related to proceeds from the AgilityEco exit 4 4.00% 3.76 3.5 3.50% 2.94 Annualised dividend yield (%) 3 3.00% Upgraded Dividend per share (p) 2.5 2.5
Slide 11: Demonstrating portfolio value: Social Impact Trust-level exits
Demonstrating portfolio value Social Impact Trust-level exits Total capital returned to the 8.7% 6.0% 6.5% Company since inception: £24.8m return return* return* (including recallable capital and scheduled amortisation payments) June 2025 Mar 2025 Jan 2025 Repayment of Abbeyfield Partial exit from R
Slide 12: Our investments are transforming the lives of people across the UK
The frontlines we invest in generate positive impact across Our investments are transforming the four themes lives of people across the UK * Reducing poverty and current portfolio exited investments inequality How the portfolio enables impact 410,000+ people provided with essential Capital is deploy
Slide 13: Providing accommodation and support to vulnerable and homeless people
Providing accommodation and support to vulnerable and homeless people Intervention: Target Housing 65 Fund: Social & Sustainable properties Housing
Slide 14: Supporting young people at risk of homelessness
Supporting young people at risk of 960+ Intervention: Greater Manchester homelessness Better Outcomes Partnership People in Fund: Bridges SOF II appropriate
Slide 15: Strategic review
Strategic review Comparable asset class discounts remain wide • The Social Impact Trust has faced challenges June 25-end Infrastructure Investment Trust Ratings1 Total share price growing its investor base and experienced a return per share persistent discount to NAV 12 months ended 30 June 2025 • O
Slide 16: Outlook
Outlook Shareholder consultation ongoing • Working together with the Board to support the shareholder consultation and strategic review process • During the strategic review process, we are not making new investments in the high impact portfolio; capital repaid from maturing investments is invested
Slide 17: Thank you
Thank you Image from Campbell Wharf housing development which provides housing for key workers and medium income households Marketing material.
Slide 18: Important information
Important information This presentation has been prepared by Schroder Unit Trusts Limited ('Schroders'), which is authorised and regulated by the United Kingdom Financial Conduct Authority, for information and discussion purposes only. The information in this presentation has not been fully verified
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