13th Jan 2025 12:24
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.
Current stock price in Johannesburg: ZAR14.29, down 2.3% on Monday afternoon
12-month change: down 11%
Current stock price in London: 59.56 pence, down 1.7%
12-month change: down 12%
By Artwell Dlamini, Alliance News reporter
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