Schroders Real Estate investment trust to buy back shares following 51.6% discount
Discount stands at a 12-month high
The £457.6m investment trust had £85.4m of cash on its balance sheet
The Schroders Real Estate investment trust (SREIT) will begin purchasing its own shares in a bid to narrow its 51.6% discount to net asset value, as the board believes its financial position "remains strong".
According to the board, the £457.6m investment trust had £85.4m of cash on its balance sheet, as well as a loan-to-value ratio of 24%, as at 30 June. In addition to share buybacks, the board said it...
More on Investment Trusts
Back to Top
