Schroder Real Estate ate ate Investment (GB:SREI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Schroder Real Estate Investment Trust Limited (SREIT) reports a 0.5% increase in net asset value to £289.0 million alongside a fully covered quarterly dividend of 0.853 pence per share, reflecting a solid quarter with a NAV total return of 2.0%. The company highlights a strong leasing momentum with 27 new deals generating £2.3 million in rental income, and emphasizes its commitment to sustainability and portfolio improvement. SREIT anticipates a recovery in the UK real estate market towards late 2024 and 2025, supported by a favorable economic outlook.
For further insights into GB:SREI stock, check out TipRanks’ Stock Analysis page.
