17th Sep 2026 08:44
Schroder European Real Estate Investment Trust PLC - London- and Johannesburg-listed property investor - Net asset value value per share falls 8.8% to 109.3 euro cents as at June 30, marking the third quarter, from 119.8 cents at June 30, 2025, and is down 5.0% from 115.1 cents at March 31, 2026. Declares dividend of 1.48 euro cents for the third quarter, remaining unchanged year-on-year. Dividend so far for the 2026 financial year is flat at 4.44 cents.
Schroder is in the process of winding down the business. The company said in June that its board and investment manager had reviewed various options to maximise shareholder value and concluded that a "managed" wind-down and return of capital was in the best interest of shareholders. This move aims to address the persistent discount that the company's shares trade at relative to its net asset value. The proceeds will be used to repay borrowings and make timely returns of capital to shareholders.
Current stock price in London: 59.06 pence, up 0.8% on Thursday
12-month change: down 9.1%
Current stock price in Johannesburg: ZAR13.00, down 1.1%
12-month change: down 20%
By Artwell Dlamini, Alliance News senior reporter South Africa
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