SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED - Full year results for the year ended 31 March 2026

Schroder Real Estate Investment Trust Limited’s latest investor update highlighted resilient company performance driven by stable rental income, active asset management, and a disciplined growth strategy despite ongoing macroeconomic and geopolitical uncertainty. The REIT reported a positive NAV total return, a 3% increase in rental revenue, a 4% rise in dividends, and maintained an attractive dividend yield of approximately 7.8%, supported by a low-cost, predominantly fixed-rate debt structure. Management emphasised significant earnings growth potential through an £8 million reversionary rental opportunity, continued leasing momentum, reduced vacancy rates, and value-enhancing refurbishment projects focused on sustainability and high-quality assets. The portfolio remains strategically weighted towards industrial and retail warehouse properties, benefiting from constrained supply, rental growth, and strong occupier demand, while selective office repositioning and redevelopment initiatives are expected to unlock further value. The company also highlighted disciplined capital allocation through selective asset disposals, ESG-led “brown-to-green” refurbishments, and ongoing investment in higher-quality properties to improve long-term rental income and margins. Management reaffirmed confidence in its progressive dividend policy, strong balance sheet, and active management approach, while noting that the proposed Picton Property Income consortium transaction could enhance scale, reduce leverage, strengthen earnings, and support long-term shareholder value. With robust portfolio fundamentals, attractive reversionary income, and a clear strategy for sustainable growth, Schroder Real Estate Investment Trust remains well positioned to deliver resilient financial performance and long-term returns for investors.