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May 27, 2024
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Real Estate

Schroder European Real Estate portfolio valuation edges down -January 12, 2024 at 02:42 am EST


Schroder European Real Estate Investment Trust PLC – London and Johannesburg-listed property investor – Says the direct property portfolio is independently valued at EUR210.2 million in the first quarter that ended December 31, down 1.8% on a like-for-like basis. Says this is due to continued outward yield movement, particularly for offices and select industrial properties. The portfolio office witnessed a valuation decline of 2.5%, while the portfolio industrial saw a valuation decline of 1.2%.

Schroder European Real Estate says it remains well positioned, with significant cash reserves, and continues to review select sustainability-led capital expenditure initiatives in the portfolio, which should optimise earnings growth and asset liquidity.

Current stock price in Johannesburg: ZAR16.00

12-month change: down 11%

Stock price in London: 67.40 pence

12-month change: down 19%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.



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