SEIT Reports Annual Results, Promising Yield

SDCL Energy Efficiency Income Trust Plc (GB:SEIT) has released an update.

SDCL Energy Efficiency Income Trust Plc (SEIT) reported a decrease in NAV total return to -4.7% for the year ending 31 March 2024, with dividends increasing slightly from the previous year. Despite the decline in NAV, SEIT sold a major solar asset for a 4.5% premium, hinting at asset stabilization and possibly improving the current 26% discount on SEIT shares. The report suggests a promising yield of c. 9.4%, positioning SEIT as an attractive option for long-term investors in the energy efficiency space.

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