UK dividends calendar - next 7 days
8th May 2025 14:04
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says direct investment property portfolio is independently valued at EUR194.0 million at at March 31, reflecting a marginal like-for-like decrease of 0.3%. Says robust industrial portfolio valuations continue to offset declines in other sectors, primarily driven by shortening lease terms. Notes that the EUR11.8 million sale of its grocery asset in Frankfurt will complete this month. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Reports that net asset value drops slightly in the first quarter of its financial year. At December 31, NAV per share was 120.5 euro cents, down 1.8% from 122.7 cents at September 30, 2024. Says NAV total return is negative 0.6% for the first quarter. Underlying adjusted quarterly earnings from operational activities is EUR1.9 million before exceptional items, down 5% from EUR2.0 million quarter on quarter. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Sells 50% interest in the Metromar joint venture, which owns a shopping centre in Seville, Spain. Says the disposal price is in line with its previous recognition of its interest being of no value. However, the sale strengthens the trust's balance sheet by reducing its net loan-to-value ratio, or portfolio gearing, to 21% from 25%. It also notes that the previously announced sale of a grocery-anchored retail asset in Frankfurt for EUR11.8 million, which is expected to complete on March 31, and the repayment of associated bank debt are expected to further decrease net gearing by at least an additional two percentage points. Read More
Schroder European Real Estate Investment Trust PLC - invests in "European growth cities" - Launches share buyback to be run by broker Panmure Liberum Ltd. Doesn't provide a target size for the buyback, but says it has about EUR25 million in cash currently, and this will rise to EUR28 million once the sale of a grocery property in Frankfurt completes in March. At that point, the REIT's net loan-to-value ratio will be reduced to 21% from 25% currently. The company currently has shareholder permission to buy back up 20.0 million shares, which would be worth GBP12.9 million. It notes that its shares are trading at a discount to net asset value, so repurchasing them "presents an attractive opportunity for shareholders". Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says its direct investment property portfolio was independently valued at EUR194.6 million, reflecting a marginal like-for-like decrease of 0.9% for the first quarter that ended December 31. This decline comes as office portfolio valuations and alternative portfolio valuations each fall 2.4%. But the industrial portfolio valuation rises 2.2%, driven by positive investment sentiment translating into stronger investment volumes and yield compression. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Sells a grocery anchored retail asset in Frankfurt, Germany, for EUR11.8 million. It acquired the property in April 2016 for around EUR11 million, and has recently completed various asset management initiatives, including securing longer-term leases with Lidl and Fresnapf. Expects the transaction to complete on March 31, 2025, allowing it to retain all income until then. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says its potential tax exposure in France is higher than earlier estimates. It has received a formal 'proposal for adjustment' from the French tax authority, which includes a proposed penalty on any tax found ultimately due. Including interest and penalties, the potential exposure for the group is expected to be up to EUR14.2 million. Two weeks ago, Schroder European Real Estate had indicated that a possible exposure was between none and EUR12.6 million, excluding potential penalties. It said at the time that the French tax authority was proceeding with a tax audit related to its French tax structure. Read More
(Correcting that Schroder European decided to rebase its dividend in June 2023) Read More
(Alliance News) - Schroder European Real Estate Investment Trust PLC on Friday reported it had returned to annual profit as loss from fair value adjustment on investment property waned. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says direct property portfolio is independently valued at EUR208.1 million as at September 30, reflecting a marginal decrease compared to the quarter to June 30. Says this is the second consecutive quarter of stabilising values and recent European Central Bank interest rate cuts are expected to have a further positive impact on investor and occupier confidence, liquidity and values. Read More