Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Reports that net asset value drops slightly in the first quarter of its financial year. At December 31, NAV per share was 120.5 euro cents, down 1.8% from 122.7 cents at September 30, 2024. Says NAV total return is negative 0.6% for the first quarter. Underlying adjusted quarterly earnings from operational activities is €1.9 million before exceptional items, down 5% from €2.0 million quarter on quarter.

‘The company continues to provide shareholders with unique access to a diversified continental European portfolio, a market where, near-term geopolitical-led uncertainty aside, the underlying fundamentals look very appealing, which is being reflected in a further stabilising of yields,’ Schroder European Real Estate Chair Julian Berney says.

Current stock price in London: 68.00 pence, up 0.6% on Tuesday morning

12-month change: up 4.6%

Current stock price in Johannesburg: R 16.24

12-month change: up 2.1%

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