SERE Trust Signals Strong Recovery Potential

Schroder European Real Estate ate ate Investment (GB:SERE) has released an update.

Schroder European Real Estate Investment Trust (SERE) reported a -1.3% NAV total return over six months, closing with an NAV per share of 123.6cps and overall NAV of €165.3m, despite a 4.6cps drop in property valuations. The trust maintained a robust dividend payout at 2.96cps, 109% covered by EPRA earnings, and a high yield of approximately 9%, which is considered attractive compared to bond yields. With the market anticipating further rate cuts and SERE’s discount to net asset value standing at around 40%, the trust is seen to have strong recovery potential supported by macroeconomic factors.

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