March 19, 2020 / 7:12 AM / 15 days ago

BRIEF-Schroder Real Estate Investment Trust says strategy "robust"

March 19 (Reuters) - Schroder Real Estate Investment Trust Ltd:

* UPDATE DUE TO MARKET UNCERTAINTY RELATING TO COVID-19

* COMPANY WOULD LIKE TO HIGHLIGHT THAT AGAINST THIS BACKDROP ITS STRATEGY REMAINS ROBUST AND UNCHANGED. A SIGNIFICANT NUMBER OF DISPOSALS WERE COMPLETED AT PREMIUM PRICES LAST YEAR AND TERM LOAN WITH CANADA LIFE WAS REFINANCED AND EXTENDED IN OCTOBER 2019

* IN LIGHT OF RAPIDLY EVOLVING SITUATION, ALL FORTHCOMING RICS INDEPENDENT VALUATIONS AS AT 31 MARCH 2020 WILL INCLUDE A STATEMENT HIGHLIGHTING MATERIAL VALUATION UNCERTAINTY - SUCH WORDING TO BE APPLIED TO ALL INDEPENDENT VALUATIONS AT LEAST IN UK Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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