11th Jun 2025 11:15
Schroder Real Estate Investment Trust Ltd - active property manager that aims to improve the sustainability performance of buildings to generate higher income and capital growth - Net asset value per share rises 4.8% to 61.6 pence as at March 31 from 58.8p a year before; total NAV is GBP301.4 million, up from GBP287.4 million. NAV total return for the financial year is 11%, compared to 1.1% a year before, reflecting the company's "strongest" annual performance since 2022. IFRS profit is GBP31.1 million, up sharply from GBP3.1 million, reflecting positive portfolio revaluation movement.
"Although investment and occupational market activity has understandably slowed in response to the recent macro-economic and geopolitical headwinds, the yield premium offered by the real estate sector should still nonetheless support a sustainable recovery over 2025 and 2026," Chair Alastair Hughes says.
IFRS profit is GBP31.1 million, jumping from GBP3.1 million the year before, thanks to positive property revaluation.
Declares fourth interim dividend of 0.897 pence. This gives a total of 3.48p for the recent year, up from 3.34p.
Current stock price: 68.00 pence, down 1.2% on Wednesday
12-month change: up 5.6%
By Artwell Dlamini, Alliance News reporter
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