Schroder European Real Estate Trust Provides Update on Portfolio Performance
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, or annual results. It is a general update on the company's performance and portfolio, which does not provide enough information to determine a strong positive or negative sentiment.
Key Points
- NAV total return of 0.3% over the six months to 31/03/2025
- Net initial yield on portfolio remained static at 7.0% over the last year
- Dividend yield at the share price is c. 7.3%
- EPRA earnings were flat at €3.9m compared to the previous six months
- Dividends were 100% covered by EPRA earnings
Summary
Schroder European Real Estate (SERE) produced an NAV total return of 0.3% over the six months to 31/03/2025. The net initial yield on the portfolio remained static at 7.0% over the last year, and the dividend yield at the share price is c. 7.3%, both of which are significant premia to interest rates and government borrowing costs in Europe. EPRA earnings were flat at €3.9m compared to the previous six months, and dividends were 100% covered by EPRA earnings.