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Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Net asset value falls slightly to 119.8 euro cents as at June 30, from 120.1 cents at March 31, driven mainly by the share buyback and a shortfall in dividend cover. NAV declines 2.2% from 122.6 cents at June 30, 2024. Schroder European Real Estate maintains third quarterly interim dividend at 1.48 euro cents, year-on-year. The direct property portfolio is independently valued at €193.9 million at June 30, up 1.3% from €196.5 million at June 30, 2024, reflecting stable values. ‘Robust valuations within the industrial portfolio, along with a positive revaluation of the Berlin asset, helped to offset declines in other sectors, which were primarily driven by shortening lease terms,’ it says. Current stock price in London: 66.80 pence, up 0.6% on Friday 12-month change: down 4.6% Current stock price in Johannesburg: R 16.33 12-month change: down 4.7% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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