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Schroder European REIT declares dividend despite NAV dip

March 18, 2025 at 09:16 PM UTCBy FilingReader AI

Schroder European Real Estate Investment Trust (SEREIT) reported an unaudited Net Asset Value (NAV) of €161.2 million, or 120.5 cents per share, as of December 31, 2024, a decrease from €164.1 million in the prior quarter. Despite this, the company declared a first interim dividend of 1.48 euro cents per share for the year ending September 30, 2025. The NAV total return was -0.6% for the quarter and 1.3% for the twelve months to December 31, 2024. The property portfolio was valued at €206.2 million. SEREIT agreed to the disposal of its Frankfurt grocery investment for €11.8 million, and completed the sale of its stake in the Metromar joint venture, lowering the net loan-to-value ratio to approximately 20%. The company is reviewing sustainability-led capex initiatives. The dividend will be paid on May 15, 2025, to shareholders on record as of April 11, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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