Title: Schroder European Real Estate Investment Trust URL Source: https://documentscdn.financialexpress.net/Literature/724185F5E40666E02030606F9D5F17DB/239464737.pdf Number of Pages: 4 Markdown Content: Schroder European Real Estate Investment Trust 1 Marketing material for professional clients only. 30 September 2025 The company invest s in European growth cities and regions Investment objective To provide shareholders with a regular and attractive level of income return together with the potential for long -term income and capital growth through investing in commercial real estate in Continental Europe. Investment strategy The Company invests in European growth cities and regions, specifically institutional quality, income -producing commercial real estate in major continental European cities and regions. Target markets are mature and liquid and have growth prospects exceedin g those of their domestic economy. The Company targets office, retail, logistics/light industrial, leisure investments and assets which offer the potential for multiple uses. The risk profile of the investments is balanced between stabilised, income producing real estate supporting dividend (sometimes referred to as core/core plus investments) representing circa 70% of the portfolio with the remaining 30% in value add opportuni ties e.g. refurbishments, changes of use etc. where capital returns are a larger component of the total investment return. Risk considerations The trust may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual tenants . This may result in large changes in the value and/or income of the fund, both up or down, which may adversely impact the performance of the fund. The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the assets purchased increase in v alue by more than the cost of borrowing, or reduce returns if they fa il to do so. The trust can be exposed to different currencies and tax jurisdictions. Changes in foreign exchange rates could create losses. The Company and its returns may rely on certain available tax efficiencies at the inception of the Company which may be subject to changes in tax treatment or interpretations. Any change in the actual or perceived tax status or exposure of the Company or its investments as well as in tax legislation, practice or in accounting standards could adversely affect the anticipated level of taxation . Please also refer to the tax announcement (RNS ) dated 1 2 September ‘2 5. Fund Manager Jeff ODwyer Company launch date 9 December 2015 Net Asset Value (‘NAV’) €15 6.7m NAV per share 119. 2 cps/ 10 3.7 pps 1 Portfolio net initial yield 7.1 % Loan to value 29% LTV ( 25 % net of cash) Share price 64.0 pps 2 Dividend yield 8.1 %3 Premium /(discount) to NAV (38.5 %) 4 GRESB 4 Green Stars 86/100 5 Ongoing charges 2. 5%6 > Source: Schroders unless otherwise stated. > 1Exchange rate as at 30 September 2025 > GBP:EUR 1. 146 . > 2Schroders, Datastream as at 30 September 2025 . > 3Annualised yield based on the announced > quarterly dividend of 1.48 cps/1. 29pps for the > period 1July 202 5–30September 2025 and a > share price of 6 4. 0pps on 30 September 2025 . > 4Based on NAV as at 30 September 2025 , > published in December 2025 and share price as > at 30 September 2025 . > 5All intellectual property rights to this data > belong exclusively to GRESB B.V. All rights > reserved. GRESB B.V. has no liability to any > person (including a natural person, corporate or > unincorporated body) for any losses, damages, > costs, expenses or other l iabilities suffered as a > result of any use of or reliance on any of the > information which may be attributed to it. > 6Ongoing charges per September 2025 annual > accounts, calculated in accordance with AIC > recommended methodology as a percentage > of average NAV over the period. The Global Real Estate Sustainability Benchmark (GRESB) is a mission -driven and investor -led organi sation that provides actionable and transparent Environmental, Social and Governance (ESG) data to financial markets. GRESB provides a consistent framework to measure the ESG performance of real estate companies and funds. # Schroder European Real Estate Investment Trust Schroder European Real Estate Investment Trust 2 Performance analysis Company summary Real Estate Portfolio Performance 7 SEREIT invests in European growth cities and regions. It is a UK closed - ended real estate investment company incorporated on 9 January 2015. The Company has a premium listing on the Official List of the UK Listing Authority and its shares have been trading on the Main Market of the London Stock Exchange (ticker: SERE) since 9 December 2015. It also has a secondary listing on the Main Board of the Johannesburg Stock Exchange (ticker: SCD). Performance (%) 3 months 6 months 1 year Share Price Total Return (GBP) 8 -4.3 0.8 -0.5 NAV Total Return (Euro) 9 0.7 1.7 2.0 NAV Total Return (converted to GBP) 10 2.7 6.1 7.1 SEREIT Real Estate Total Return 7 1.8 3.5 5.6 Performance (%) 3 years p.a. 5 years p.a. Since launch Avg. since launch Share Price Total Return (GBP) 8 -2.7 10.1 24.6 2.3 NAV Total Return (Euro) 9 -0.9 1.5 42.1 3.6 NAV Total Return (converted to GBP) 10 -1.1 0.7 69.8 5.5 SEREIT Real Estate Total Return 7 2.2 4.0 n/a n/a Discrete Yearly Performance (%) Q3'24 –Q3'25 Q3'23 –Q3'24 Q3'22 –Q3'23 Q3'21 –Q3'22 Q3'20 –Q3'21 Share Price Total Return (GBP) 8 -0.5 8.6 -14.7 -0.8 77.2 NAV Total Return (Euro) 9 2.0 0.4 -5.0 7.3 3.2 NAV Total Return (converted to GBP) 10 7.1 -3.7 -6.3 9.8 -2.3 SEREIT Real Estate Total Return 7 5.6 3.1 -2.1 6.9 6.6 Issued in December 2026 . Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. > 7 Source: Schroders, Real Estate Portfolio performance is internally calculated and reflects the portfolio’s time -weighted property performance history. Returns are net of capex and tenant incentives but are excluding the effect from transaction costs. > 8 Source: Schroders, Datastream, bid to bid price plus dividends paid. > 9 Source: Schroders, NAV to NAV (per share) plus dividends paid. > 10 Source: Schroders, NAV to NAV (per share). Converted into GBP. 5.6% 3.1% -2.1% 6.9% 6.6% -3% -2% -1% 0% 1% 2% 3% 4% 5% 6% 7% 8% Q2'24 –Q2'25 Q2'23 –Q2'24 Q2'22 –Q2'23 Q2'21 –Q2'22 Q2'20 –Q2'21 Schroder European Real Estate Investment Trust 3 Top 10 holdings Rank Property Country Sector % of total portfolio* 1 Paris (Saint -Cloud) France Office 18% 2 Berlin Germany Retail/DIY 14% 3 Hamburg Germany Office 10% 4 Rennes France Industrial 9% 5 Stuttgart Germany Office 9% 6 Venray Netherlands Industrial 6% 7 Apeldoorn Netherlands Mixed 6% 8 Alkmaar Netherlands Industrial 5% 9 Rumilly France Industrial 5% 10 Houten Netherlands Industrial 5% Subtotal 10 (of 14 properties) 87% Source: Schroders. *Shown as a percentage of total portfolio value €194.0m and available cash of €8.3m (internally calculated). This excludes €14.2m of cash ring -fenced for the French tax claim . Top 10 tenants Rank Tenants % of total portfolio* 1 KPN 19% 2 Hornbach 12% 3 C-Log 8% 4 Outscale 7% 5 Cereal Partners 5% 6 DKL 5% 7 LandBW 5% 8 Schuurman Beheer 5% 9 Inventum 4% 10 Filassistance 4% Total top ten tenants 74% Source: Schroders. *Shown as a percentage of total portfolio. Sector weightings Regional weightings Source: Schroders. Shown as a percentage of total portfolio value €194.0m and available cash of €8.3m (internally calculated). This excludes €14.2m of cash ring -fenced for the French tax claim . 37% 37% 13% 9% 4% Office Industrial DIY Other Cash 39% 32% 25% 4% France Germany Netherlands Cash Schroder European Real Estate Investment Trust 4 Information Schroder Real Estate Investment Management Limited 1 London Wall Place, London EC2Y 5AU, United Kingdom Tax Status Investment company JSE Ticker SCD LSE Ticker SERE SEDOL BY7R8K7 Bloomberg SERE: LN Reuters SERE: L ISIN GB00BY7R8K77 Currency Euro. Shares are traded in GBP and South African Rand. Dividends are declared in Euro. Ex Dividend Date December, April, July, October Dealing Ordinary shares can be purchased on the London Stock Exchange or the Johannesburg Stock Exchange Dividend Payment Date January, May, August, November Investment Management Fee 1.1% of the EPRA NAV where the EPRA NAV is less than or equal to £500 million (1.0% thereafter) ISA Eligible Yes Important information The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past performance is not a gui de to future performance and may not be repeated. Third party data is owned or licensed by the data provider and may not be reproduced or extracted and used for any other purpose without the data provider’s consent. Third party data is provided without any warranties of any kind. The data provider and issuer of the document shall have no liability in connection with the third - party data. The Company has a premium listing on the Official List of the UK Listing Authority and its shares are traded on the Main Market of the London Stock Exchange (ticker: SERE). It also has a secondary listing on the Main Board of the Johannesburg Stock Exchange (ticker: SCD). This factsheet should not be taken as any indication the company held any particular investments at any particular date other than the stated date. Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares. If you are interested in this fund, you should contact your usual financial adviser before making any investment decision. In addition, you can contact one of our Investor Services team on 0800 718 777 for further information. Please note that Schroders is unable to give you specific investment advice. For investors’ security calls to this number ma y be recorded. The data contained in this document has been sourced by Schroders and should be independently verified before further publication or use. Issued by Schroder Real Estate Investment Management Limited, 1 London Wall Place, London, EC2Y 5AU. Registered No: 1188240 England. Authorised and regulated by the Financial Conduct Authority. 613535 17605