Schroder Real Estate Investment Trust Limited Announces Interim Management Statement for the Quarter Ended December 31, 2012; Announces Interim Dividend, Payable on February 22, 2013
January 24, 2013 at 02:00 am EST
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Schroder Real Estate Investment Trust Limited announced interim management statement for the quarter ended December 31, 2012. For the quarter, the company reported capital expenditure of £0.3 million or 0.1 pence per share and pre-tax net revenue of £2.1 million or 0.6 pence per share. Net asset value (NAV) was £165.6 million or 46.5 pence per share as on December 31, 2012. This reflects a decrease of 3.8% compared with the NAV as at September 30, 2012 of £172.1 million.
The company announced an interim dividend of 0.88 pence per share for the period October 1, 2012 to December 31, 2012. The dividend payment will be made on February 22, 2013 to shareholders on the register on February 8, 2013. The ex-dividend date will be February 6, 2013.
Schroder Real Estate Investment Trust Limited is a Guernsey-based real estate investment company. The Company is focused on providing shareholders with a level of income and the potential for income and capital growth as a result of its investments in, and active management of, a diversified portfolio of United Kingdom commercial real estate. The Company principally invests in three main United Kingdom commercial real estate sectors, such as industrial, office and retail, and also invests in other sectors, including mixed-use, residential, hotels, healthcare and leisure. The Companyâs portfolio comprises approximately 42 properties, which include Milton Keynes, Stacey Bushes Industrial Estate; Leeds, Millshaw Park Industrial Estate; London, Bloomsbury, The University of Law Campus; Manchester, City Tower; Bedford, St. John's Retail Park; Chippenham, Langley Park Industrial Estate; Norwich, Union Park Industrial Estate, and Uxbridge, 106 Oxford Road.
Schroder Real Estate Investment Trust Limited Announces Interim Management Statement for the Quarter Ended December 31, 2012; Announces Interim Dividend, Payable on February 22, 2013