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Schroder European Real Estate ate ate Investment ( (GB:SERE) ) has provided an announcement.
Schroder European Real Estate Investment Trust plc announced its unaudited net asset value (NAV) as of 31 December 2024, reporting a slight decrease to €161.2 million. The company declared a first interim dividend of 1.48 euro cents per share, fully covered by EPRA earnings. Recent property sales, including the disposal of a Frankfurt grocery investment and a stake in the Metromar joint venture, have strengthened the balance sheet by reducing the net loan-to-value ratio. The company is also exploring sustainability-led capital expenditure initiatives to enhance earnings growth and asset liquidity. Additionally, the company is addressing a tax adjustment notice from the French Tax Authority, although it does not anticipate an outflow.
More about Schroder European Real Estate ate ate Investment
Schroder European Real Estate Investment Trust plc (SEREIT) is a company focused on investing in European growth cities and regions. It provides shareholders with access to a diversified portfolio of properties across Continental Europe, aiming to capitalize on appealing market fundamentals.
YTD Price Performance: 8.39%
Average Trading Volume: 210,531
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £88.55M
See more insights into SERE stock on TipRanks’ Stock Analysis page.