Added to YB: 2026-03-31
Pitch date: 2026-02-06
SERE.L [bullish]
Schroder European Real Estate Investment Trust Plc
-10.77%
current return
Author Info
No bio for this author
Company Info
Schroder European Real Estate Investment Trust Plc invests in European growth cities and regions. It is a UK closed ended real estate investment company incorporated on 9 January 2015.
Market Cap
GBP 88.2M
Pitch Price
GBP 0.65
Price Target
N/A
Dividend
8.82%
EV/EBITDA
N/A
P/E
39.78
EV/Sales
6.16
Sector
Diversified REITs
Category
value
Schroder European Real Estate Inv Trust - $SERE.L
SERE.L: European property REIT at 40% discount to TBV (€158M fair value vs €94M mkt cap). 14 assets: 10 logistics/warehouses at 7% yield, 0% vacancy, 4-5yr WALT; 2 German offices 100% let to state; Paris office + Netherlands site. €14M French tax claim unlikely to stick (SIIC compliant). Downside case: even w/ full tax hit + 40% writedown on 2 troubled assets, rest would need 9.5% yield vs 6.7% book to break even. Ripe for activist liquidation in UK trust space.
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