Earnings release
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RNS Number : 8150YSchroder Real Estate Inv Trst Ld14 October 2026 For release 14 October 2026 Schroder Real Estate Investment Trust Limited NEW LETTINGS ACROSS ENLARGED PORTFOLIO, INCLUDING 50,000 SQ FT AGREEMENT WITH GLOBAL LOGISTICS OPERATOR DPD, TO GENERATE £1.2 MILLION OF ADDITIONAL RENT Schroder Real Estate Investment Trust Limited ('SREIT' or the 'Company') is pleased to provide an update on recent leasing activity, following the completion of the Picton acquisition on 11 September 2026. Active asset management The Company's portfolio 1 is valued at £859 million and comprises 54 assets, which are occupied by approximately 450tenants. It generates annualised rent of approximately £51 million, with an annualised Estimated Rental Value ('ERV') of £73million. Since its last trading update on 5 August 2026, the Company has completed nine lettings of vacant units across the enlargedportfolio, adding £1.2 million of rent per annum, 11% ahead of the 30 June 2026 ERV. In addition, terms have been agreed on62,500 sq ft of vacant space, which would generate an additional £1.1 million of rent per annum assuming successful completion. Transactions include: Industrial · At Union Park Industrial Estate in Norwich, the reconfigured 47,944 sq ft 1-3a Twickenham Road has been let to global parcel delivery and logistics provider DPD. It follows a £1.1 million refurbishment to combine, refurbish, andenhance the sustainability credentials of four units, improving the EPC rating to an 'A' from 'C' and 'D' ratings. Therent of £407,950 per annum, or £8.51 per sq ft, is 15% ahead of the 30 June 2026 ERV and 59% ahead of the pre-refurbishment passing rent. · Across the industrial portfolio, terms have been agreed on a further 27,000 sq ft of space which would add £395,000of rent per annum assuming successful completion. Retail warehouse and standard retail · At Churchill Way West in Salisbury, the previously announced 15-year lease without breaks to The Gym Group hascompleted at a rent of £155,000 per annum, or £20.57 per sq ft, in line with 30 June 2026 ERV. There are five-yearlyrent reviews to CPI compounded annually with a cap and collar at 3% and 1% per annum respectively. · At 103 Watling Street, a retail park in Bletchley, a renewal with Matalan on Unit 2 has completed, securing a 15-yearlease without breaks at £529,550 per annum, or £12.50 per sq ft, in line with 30 June 2026 ERV. 1 Pro forma portfolio data as at 30 June 2026. Source: Consortium 2.7 announcement dated 31 July 2026 and Company RNS dated 5 August 2026.
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· At Headingley Central in Leeds a 15-year lease without breaks to Tesco has completed on Unit 22, at a rent of£115,000 per annum, or £19.43 per sq ft, in line with 30 June 2026 ERV. There are five-yearly rent reviews to CPIcompounded annually with a cap and collar at 3% and 1% per annum respectively. · Across the retail warehouse portfolio, new lettings have been agreed on 15,500 sq ft, which would add £140,000 of rent per annum assuming successful completion. Office · At The Lakes in Northampton, a 10-year lease without breaks to The Sim Club Northampton Limited has completed on the whole of Peterbridge House, at a rent of £220,000 per annum, or £20.18 per sq ft. The letting is 21%ahead of the previous passing level, with a fifth-year rent review to CPI compounded annually. · Terms are also agreed on 20,000 sq ft of office accommodation across London and the Southeast, which would add £547,000 of rent per annum assuming successful completion. A full update relating to the Picton portfolio acquisition, portfolio activity, and future strategy, will be provided at the Company's Half Year results, which will be released on 26 November 2026. Peter Lowe, Fund Manager, commented: "These lettings demonstrate the encouraging occupier dynamic we are seeing across the combined portfolio, which is accompanied by a strong focus on extracting cost synergies. Alongside continuingto improve the portfolio vacancy, we are also pursuing capital recycling opportunities to further enhance shareholderreturns." -ENDS- For further information: Schroder Real Estate Investment Management Limited: BradleyBiggins / Peter Lowe / Katherine Fyfe 020 7658 6000 FTI Consulting: Richard Gotla / Oliver Parsons 020 3727 1000 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END