News Business Schroder European Real Estate Quarterly Report
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Real estate investment trust

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Schroder European Real Estate Quarterly Net Asset Value Update

London, March 21, 2024

The Schroder European Real Estate Investments Trust plc (SERE) has released its quarterly report, providing insights into its financial performance and portfolio valuation.

Key Highlights

  • Net Asset Value (NAV) Decline: The net asset value per share declined by 6.0% to 132.4 euro cents as of March 31, 2024[^1^][3].
  • Property Valuation: The portfolio valuation experienced a slight decrease during the quarter[^1^][3].
  • Dividend Reassessment: In response to economic disruptions, SERE is rebasing its next interim dividend[^1^][3].

Financial Overview

SEREs financials for the year:

  • Sales 2022: €21.14 million
  • Sales 2023: €20.94 million
  • Net Income 2022: €14 million
  • Net Income 2023: €-9 million
  • Yield 2022: 7.39%
  • Yield 2023: 8.37%

Outlook

Despite challenges, SERE remains committed to its real estate investment strategy. Investors should closely monitor further developments and dividend announcements.

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