13th Apr 2023 08:44
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says the direct property portfolio was independently valued at EUR220.2 million as at March 31, reflecting a marginal like-for-like decrease 1.3% over the second quarter, excluding the recent acquisition of an industrial warehouse in Alkmaar, located in the Netherlands. This change was primarily driven by 25 basis points of outward yield movement, which more than offset the positive impact of rental growth, increasing the portfolio net initial yield to 6.2%. Read More
