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Stoneweg European Real Estate Investment Trust
(SGX:SET)
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Select Model
Rating:66Neutral
Price Target:
€2.00
▲(27.39% Upside)
Action:Reiterated
Date:03/01/26
The score is driven by improving profitability but tempered by rising leverage and weak/volatile free cash flow. Technicals are supportive with the price above major moving averages and positive momentum, while valuation is helped by a moderate P/E and high dividend yield.
Positive Factors
Recurring rental income model
A core REIT model centered on rental and lease income produces recurring, contract-backed cash inflows that underpin distributions and asset-level operating coverage. This structural revenue base supports long-term cash predictability and aligns incentives toward occupancy and lease renewals.
Negative Factors
Rising leverage
Leverage rising toward ~0.93x increases sensitivity to interest-rate cycles and refinancing risk typical for REITs. Higher debt levels constrain financial flexibility, elevate interest burden and amplify the impact of property value swings on equity returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
A core REIT model centered on rental and lease income produces recurring, contract-backed cash inflows that underpin distributions and asset-level operating coverage. This structural revenue base supports long-term cash predictability and aligns incentives toward occupancy and lease renewals.
Read all positive factors
Stoneweg European Real Estate Investment Trust (SET) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
€882.67M
Dividend Yield8.39%
Average Volume (3M)498.84K
Price to Earnings (P/E)11.4
Beta (1Y)0.32
Revenue Growth-1.54%
EPS Growth132.09%
CountrySG
Employees300
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.06
Shares Outstanding555,137,700
10 Day Avg. Volume766,530
30 Day Avg. Volume498,840
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.81
Price to Sales (P/S)4.21
P/FCF Ratio21.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€2.10Price Target Upside33.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.14
Revenue Forecast (FY)€216.97M
Stoneweg European Real Estate Investment Trust Business Overview & Revenue Model
Company Description
Stoneweg European REIT (CEREIT) operates as a real estate investment trust, with its core strategy centered on acquiring and managing a diverse collection of revenue-generating properties across Europe, either directly or through indirect investme...
How the Company Makes Money
null...
Stoneweg European Real Estate Investment Trust Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 213.20M | 217.38M | 212.92M | 212.92M | 222.10M | 200.12M |
| Gross Profit | 126.49M | 124.64M | 125.44M | 119.47M | 130.42M | 124.47M |
| EBITDA | 121.51M | 142.63M | -23.33M | 96.44M | 124.41M | 119.16M |
| Net Income | 34.69M | 79.03M | -73.90M | 35.48M | 41.95M | 96.60M |
Balance Sheet | ||||||
| Total Assets | 2.34B | 2.37B | 2.32B | 2.37B | 2.59B | 2.53B |
| Cash, Cash Equivalents and Short-Term Investments | 47.36M | 110.81M | 38.54M | 73.80M | 35.43M | 59.26M |
| Total Debt | 1.08B | 1.05B | 948.68M | 947.60M | 1.01B | 922.73M |
| Total Liabilities | 1.16B | 1.24B | 1.12B | 1.11B | 1.17B | 1.06B |
| Stockholders Equity | 1.18B | 1.13B | 1.21B | 1.26B | 1.42B | 1.48B |
Cash Flow | ||||||
| Free Cash Flow | 69.58M | 41.64M | 27.14M | 6.08M | 53.46M | 74.23M |
| Operating Cash Flow | 69.58M | 86.73M | 70.74M | 89.13M | 92.35M | 96.87M |
| Investing Cash Flow | -18.25M | 43.43M | -18.25M | 111.59M | -106.34M | -232.66M |
| Financing Cash Flow | -86.58M | -57.95M | -87.75M | -160.03M | -9.83M | 151.46M |
Stoneweg European Real Estate Investment Trust Technical Analysis
Positive
1.57
Price Trends
1.56
Positive
1.55
Positive
1.54
Positive
Market Momentum
<0.01
Negative
49.50
Neutral
62.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:SET, the sentiment is Positive. The current price of 1.57 is below the 20-day moving average (MA) of 1.58, above the 50-day MA of 1.56, and above the 200-day MA of 1.54, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.50 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:SET.
Stoneweg European Real Estate Investment Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | S$1.96B | 18.97 | 4.02% | 6.27% | 0.36% | 28.75% | |
69 Neutral | S$1.18B | 34.23 | 1.87% | 7.16% | 5.66% | 14.77% | |
66 Neutral | €882.67M | 11.36 | 1.75% | 8.50% | -1.54% | 132.09% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | S$1.29B | 14.45 | 5.02% | 6.64% | 0.46% | -59.03% | |
53 Neutral | S$1.16B | -126.92 | -0.29% | 7.30% | -11.25% | 46.08% |
* Real Estate Sector Average
SG:SET
Stoneweg European Real Estate Investment Trust
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Stoneweg European Real Estate Investment Trust Corporate Events
Stoneweg European REIT Deepens Green Strategy With Strong 2025 ESG Gains
Jul 7, 2026
Stoneweg European Real Estate Investment Trust has released its sixth EPRA Sustainability Best Practices Recommendations submission for 2025, underscoring sustainability as central to its European office and commercial property portfolio strategy....
SERT Touts High-Yield European Logistics Platform Trading Below NAV
May 22, 2026
SERT highlighted that its European logistics and light industrial portfolio remains more than 90% occupied, under-rented and CPI-indexed, supporting steady NPI growth, while it pivots further toward logistics and data centres and away from non-cor...
Stoneweg Europe Stapled Trust Adds Veteran Investor Baudin to Board in Governance Push
May 22, 2026
Stoneweg Europe Stapled Trust has appointed investment and wealth management veteran Pierre Grégoire Baudin as an independent non-executive director effective 1 June 2026, as part of its broader board renewal and governance-strengthening effo...
Stoneweg Europe Stapled Trust Wins Securityholder Backing for Capital Flexibility After Resilient 2025
May 21, 2026
Stoneweg Europe Stapled Trust reported resilient performance for the financial year 2025 at its annual general meeting in Singapore, with distributions at the upper end of expectations and a stable net asset value following a multi-year portfolio ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.