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IN BRIEF: Schroder European Real Estate quarterly net asset value down

12th Sep 2024 13:09

Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says unaudited net asset value per share falls to 122.6 euro cents for the third quarter that ended June 30 from 123.6 cents at March 31. This decline in NAV is driven by capital expenditure and deferred taxes, which were offset by a small property valuation increase. Underlying adjusted quarterly earnings from operational activities was up 4.8% in the third quarter to EUR2.0 million from EUR2.1 million in the same quarter last year.

Current stock price in London: 69.40 pence

12-month change: down 2.3%

Current stock price in Johannesburg: ZAR15.78

12-month change: down 12%

By Artwell Dlamini, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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