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IN BRIEF: Inflation boosts Schroder European Real Estate rental growth

ALN

Schroder European Real Estate Investment Trust PLC - Says rising inflation is starting to contribute to rental growth. About 100% of rent due for the quarter ended June 30 has been collected from its direct property portfolio. Schroder European Real Estate says the direct property portfolio was independently valued at €218.4 million on June 30, reflecting a marginal like-for-like decrease over the quarter of 0.4%. The valuation excludes a recently acquired car showroom in Cannes, France, which is valued at €8.3 million.

Johannesburg current stock price: R 20.00, down 1.2% on Thursday

12-month change: down 3.0%

London current stock price: 99.00 pence, down 2.5%

12-month change: down 4.8%

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