Portfolio in focus
Explore our interactive mapExplore the map to find out more about our portfolio
As at 30 September 2023
Sector weightings
Industrial (50.3%)
The Company owns a range of industrial warehouses, the largest being multi-let estates in the densely populated urban areas of Leeds, Manchester and Milton Keynes which are positively impacted by structural trends and where there are significant asset management opportunities to capture rental growth.
Office (24.6%)
The Company owns offices with good fundamentals in terms of specification and location in ‘Winning Cities’ and regions that are attractive to a diverse occupier base. The largest office investments are in London, Manchester and Edinburgh.
Retail Warehouse (11.6%)
The retail assets in the portfolio are predominantly well managed, bulky goods retail warehouses let at sustainable rents.
Retail (7.6%)
Retail is made up 2.8% retail sole use and 4.9% retail as part of mixed use (figures do not sum to 7.6% due to rounding).
Other (5.9%)
Other sector includes the apportioned value of the hotel and car park at City Tower, Manchester, the hotel and gym at Headingley Central, Leeds, and the leisure scheme in Luton.
Percentage of total real estate portfolio value as at 30 June 2024
Source: Schroders, August 2024
Fund Risk Considerations
Schroder Real Estate Investment Trust Limited
Credit risk | A decline in the financial health of an issuer could cause the value of its bonds, loans or other debt instruments to fall or become worthless. |
Currency risk | The fund may lose value as a result of movements in foreign exchange rates. |
Interest rate risk | The fund may lose value as a direct result of interest rate changes. |
Liquidity risk | The fund is investing in illiquid instruments. Illiquidity increases the risks that the fund will be unable to sell its holdings in a timely manner in order to meet his financial obligations at a given point in time. It may also mean that there could be delays in investing committed capital into the asset class. |
Market risk | The value of investments can go up and down and an investor may not get back the amount initially invested. |
Operational risk | Operational processes, including those related to the safekeeping of assets, may fail. This may result in losses to the fund. |
Performance Risk | Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve. |
Property development risk | The Fund may invest in property development which may be subject to risks including, risks relating to planning and other regulatory approvals, the cost and timely completion of construction, general market and letting risk, and the availability of both construction and permanent financing on favourable terms. |
Real estate and property risk | Real estate investments are subject to a variety of risk conditions such as economic conditions, changes in laws (e.g. environmental and zoning) and other influences on the market. |
Concentration risk | The company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the company, both up or down, which may adversely impact the performance of the company. |
Gearing risk | The company may borrow money to make further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase by more than the cost of borrowing, or reduce returns if they fail to do so. In falling markets, the whole of the value in that investment could be lost, which would result in losses to the fund. |