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IN BRIEF: Schroder European Real Estate property portfolio value down

ALN

Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says its direct investment property portfolio was independently valued at €194.6 million, reflecting a marginal like-for-like decrease of 0.9% for the first quarter that ended December 31. This decline comes as office portfolio valuations and alternative portfolio valuations each fall 2.4%. But the industrial portfolio valuation rises 2.2%, driven by positive investment sentiment translating into stronger investment volumes and yield compression.

Current stock price in Johannesburg: R 14.29, down 2.3% on Monday afternoon

12-month change: down 11%

Current stock price in London: 59.56 pence, down 1.7%

12-month change: down 12%

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