Property Portfolio Valuation

12 October 2026

SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC

("SEREIT" or the "Company" and, together with its subsidiaries, the "Group")

PROPERTY PORTFOLIO VALUATION

Schroder European Real Estate Investment Trust plc today provides a valuation update of its property portfolio as at 30 September 2026.

The property portfolio was independently valued at €181.9 million (30 June 2026: €185.1 million), representing a decrease of €3.2 million, or 1.7%, during the quarter. 

The reduction in value principally reflects the independent valuers applying more conservative assumptions to certain assets, particularly secondary offices, driven by leasing risk, evolving occupational market conditions and recent transactional evidence.

Despite ongoing macroeconomic uncertainty across Europe, the portfolio continues to perform resiliently, and the valuation movement primarily reflects changes in market assumptions rather than underlying operating performance. Following shareholder approval of the managed wind-down strategy, the Board and Investment Manager remain focused on maximising value through active asset management and the disciplined execution of asset disposals. 

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