18th Mar 2025 10:45
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Reports that net asset value drops slightly in the first quarter of its financial year. At December 31, NAV per share was 120.5 euro cents, down 1.8% from 122.7 cents at September 30, 2024. Says NAV total return is negative 0.6% for the first quarter. Underlying adjusted quarterly earnings from operational activities is EUR1.9 million before exceptional items, down 5% from EUR2.0 million quarter on quarter.
"The company continues to provide shareholders with unique access to a diversified continental European portfolio, a market where, near-term geopolitical-led uncertainty aside, the underlying fundamentals look very appealing, which is being reflected in a further stabilising of yields," Schroder European Real Estate Chair Julian Berney says.
Current stock price in London: 68.00 pence, up 0.6% on Tuesday morning
12-month change: up 4.6%
Current stock price in Johannesburg: ZAR16.24
12-month change: up 2.1%
By Artwell Dlamini, Alliance News reporter
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