10th Mar 2022 09:13
Schroder European Real Estate Investment Trust PLC - London- and Johannesburg-listed property investor - Declares its first interim payout of EUR1.85 cents that will be paid out on April 20. Schroder says it continues to pay a full dividend equating to the pre-Covid-19 dividend level. For the year ended September 30, it made a EUR1.85 payout.
In a business update, Schroder says net asset value per share is up slightly 0.8% to EUR150.4 cents as at December 31, reflecting a GBP634,000 exceptional tax provision. Property portfolio is independently valued at GBP221.4 million, reflecting a like-for-like increase of the directly held properties over the quarter of 2.2% or GBP4.4 million. About 96% of the rent due for the quarter ended December 31 has been collected. As at March 8, 96% of the rent due for January and February has been collected.
Current Johannesburg stock price: ZAR20.41, unchanged
12-month change: up 7.7%
Current London stock price: 103.91 pence, down 1.0%
12-month change: up 15%
By Artwell Dlamini; [email protected]
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