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Stoneweg European Real Estate Investment Trust
(SGX:SET)
Stoneweg European Real Estate Investment Trust (SET) vs. iShares MSCI Singapore ETF (EWS)
Stoneweg European Real Estate Investment Trust Business Overview & Revenue Model
Stoneweg European Real Estate Investment Trust Financial Statement Overview
| 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 | 0.00 | 142.63M | -23.33M | 96.44M | 123.24M | 118.76M |
| 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
Stoneweg European Real Estate Investment Trust Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | S$1.24B | ― | 6.62% | 6.29% | 0.70% | 71.84% | |
70 Neutral | S$1.84B | 7.62 | 4.02% | 8.01% | -6.64% | -12.15% | |
69 Neutral | S$1.15B | 41.80 | 1.92% | 7.16% | -3.65% | -69.86% | |
66 Neutral | €867.30M | 11.57 | 4.58% | 8.34% | -3.91% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
53 Neutral | S$1.13B | ― | 0.04% | 6.66% | -8.59% | -93.48% |
Stoneweg European Real Estate Investment Trust Corporate Events
Stoneweg Europe Stapled Trust has reported the disposal of three wholly owned Slovak subsidiaries during the second half of 2025, in line with disclosure requirements under Singapore Exchange rules. The divested entities—Kosice Industrial Park SK s.r.o., Nove Mesto ONE Industrial Park I SK s.r.o., and Nove Mesto ONE Industrial Park II SK s.r.o.—were sold on 11 November 2025 for cash at their respective net asset values, signaling a portfolio reshaping that may reallocate capital away from these industrial park holdings.
The consideration received totaled the combined net asset values of the three companies, with Stoneweg Europe Stapled Trust previously holding a 100% interest in each entity. While the announcement does not detail reinvestment plans, the exit from these Slovak industrial park vehicles suggests a strategic repositioning of the trust’s European real estate exposure, with potential implications for its geographic and sectoral mix as it optimizes its asset base.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
Stoneweg Europe Stapled Trust has announced a board refresh at its Singapore-based REIT and business trust manager, reinforcing its focus on governance, board renewal and long-term value creation in its European real estate investment platform. The move underlines the group’s intent to strengthen oversight across audit, risk, remuneration and sustainability functions as it manages diversified real estate portfolios.
The Manager has appointed veteran real estate executive Frank Khoo Shao Hong as an Independent Non-Executive Director, effective 1 March 2026. Khoo, a former Group Chief Investment Officer at City Developments Limited and ex-CEO of CDL Fund Management, will serve on the Audit and Risk, Nominating and Remuneration, and Sustainability Committees, bringing over 30 years of global portfolio, fund management and capital deployment experience to the board.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
Stoneweg Europe Stapled Trust (SERT), a Singapore-based stapled security combining a European-focused real estate investment trust and a business trust, is managed by Stoneweg EREIT Management Pte. Ltd. and Stoneweg EBT Management Pte. Ltd. and invests in European real estate assets. The managers have scheduled the release of SERT’s full-year 2025 financial results for 25 February 2026 and will host an online briefing that day for investors and media to present financial and operational updates, signalling continued efforts to maintain transparency with stakeholders ahead of a potentially important update on the trust’s performance and outlook.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
Stoneweg Europe Stapled Trust has announced board changes, with Independent Non-Executive Director Mrs. Fang Ai Lian stepping down from the board effective 28 January 2026. Following her departure, Independent Non-Executive Director Ms. Kuan Li Li will assume the role of Chair of the Audit and Risk Committee (ARC), and the composition of the Manager’s board committees, including the ARC, Nominating and Remuneration Committee (NRC) and Strategy Committee (SC), has been restructured among existing independent directors, signaling a refreshed governance structure while maintaining independent oversight.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
Stoneweg European REIT has had its investment-grade long-term issuer credit rating of ‘BBB-’ with a stable outlook affirmed by S&P Global Ratings, including a ‘BBB-’ rating on its senior unsecured notes, reflecting confidence in the stapled group’s credit standing. S&P’s annual review highlights expectations of stable earnings and cash flow over the next two years, underpinned by inflation-linked leases generating modest organic rental growth and solid credit metrics, as well as a strategic pivot that will increase exposure to logistics, industrial and data centre assets to about 70% of portfolio value by 2027, funded by a largely completed €400 million divestment of non-core assets. Operationally, the trust is outperforming broader European logistics benchmarks, with strong rental reversions and high occupancy, reinforcing its positioning as a resilient player in the European real estate market and supporting its ability to manage leverage within its targeted range.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
Stoneweg Europe Stapled Trust has announced the appointment of Ms. Kuan Li Li as an Independent Non-executive Director to the boards of its management entities with effect from 12 January 2026, as part of its ongoing board renewal efforts and commitment to high standards of corporate governance. Ms. Kuan brings more than four decades of senior leadership experience across finance, banking, asset management, insurance, real estate and telecommunications, including former roles as Country Head and COO of Barclays Bank Singapore and CFO of ABB Singapore, and currently sits on several regional corporate boards, strengthening the trust’s governance, risk management and financial oversight capabilities for stakeholders.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
Stoneweg Europe Stapled Trust has cancelled 2,078,200 stapled securities effective 30 December 2025, reducing its total stapled securities in issue to 556,884,213. The move modestly tightens the stapled securities base, which may have implications for liquidity and per-security metrics for existing investors, although the announcement provides no further details on the rationale for the cancellation.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
Stoneweg Europe Stapled Trust has completed the final stage of its balance sheet optimization program through a €85 million five-year unsecured financing facility, which includes the option to expand to €185 million. This refinancing effort enhances financial flexibility, cuts funding costs with sustainability-linked pricing, and extends the weighted average debt expiry to six years, eliminating debt maturities until 2030. This development strengthens the trust’s financial positioning and supports its long-term sustainability goals, positively impacting stakeholders and market perception in the European real estate sector.
The most recent analyst rating on (SG:SET) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.