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IN BRIEF: Schroder European Real Estate property portfolio value up

11th Jul 2024 08:48

Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says its direct property portfolio is independently valued at EUR208.3 million as at June 30, reflecting a marginal increase of 0.1%. As at March 31, property portfolio value was down 1.0%. Says this signals a stabilisation in values, particularly for the industrial and retail sectors, which offset the continued outward yield movement for offices. Notes that the portfolio's income profile remains robust for the third quarter to June 30, benefitting from rental growth, indexation and high occupancy.

Current stock price in London: 64.00 pence

12-month change: down 13%

Current stock price in Johannesburg: ZAR15.00

12-month change: down 20%

By Artwell Dlamini, Alliance News reporter

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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