Business
Announcement of NAV and Quarterly Dividend
Schroder European Real Estate Investment Trust PLC reported an unaudited net asset value of €153.3 million, or 116.7 euro cents per share, as of 31 December 2025, reflecting a 0.8% NAV total return for the quarter. The company declared a first interim dividend of 1.48 euro cents per share, covered 90% by EPRA earnings and representing an annualised yield of approximately 8.3%. Underlying adjusted quarterly earnings from operational activities were €1.8 million, down from €1.9 million in the prior quarter. The property portfolio valuation remained stable at €194.0 million, though portfolio vacancy increased to 7% due to a tenant's departure. The company is appealing a €14.2 million French tax adjustment notice. Disclaimer*
About this update from Schroder European Real Estate Investment Trust Plc
[{"type":"text","content":"\n\n19 March 2026\n \nSCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC\n(\"SEREIT\"/ the \"Company\" / \"Group\")\nANNOUNCEMENT OF NAV AND DIVIDEND\nSchroder European Real Estate Investment Trust plc, the Company investing in European growth cities and regions, provides a business update and announces its unaudited net asset value (\"NAV\") as at 31 December 2025, together with its first interim dividend for the year ending 30 September 2026:\n· Prior period service charge adjustments of €2.5 million, or 1.9 euro cents per share (\"cps\") have resulted in an adjusted starting NAV as at 1 October 2025 of €154.2 million, or 117.3 cps\n· Underlying adjusted quarterly earnings from operational activities (\"EPRA earnings\") of €1.8 million before exceptional items for the quarter ended 31 December 2025 (quarter ended 30 September 2025: €1.9 million)\n· A first interim dividend of 1.48 cps declared for the quarter, 90% covered by EPRA earnings before exceptional items, reflecting an annualised dividend yield of c. 8.3% based on the 16 March 2026 share price (c. 61.8 pence sterling)\n· An IFRS profit of €1.0 million for the quarter ended 31 December 2025\n· Unaudited NAV of €153.3 million, or 116.7 euro cents per share (\"cps\") as at 31 December 2025, reflecting a NAV total return of 0.8%\n· The property portfolio was independently valued at €194.0 million (30 September 2025: €194.0 million)\n· Portfolio vacancy increased to 7% (as at 16 March 2026) following the departure of Shuurman Beheer B.V. at the Alkmaar industrial property and the tenant's decision not to fulfil its lease obligations due to financial difficulties, as previously announced on 5 March 2026\n· Post-period end, income security has improved following newly completed lease re-gears in Stuttgart (5% of portfolio rents), terms agreed in Rumilly (5% of portfolio rents), and a new letting agreed in Paris (reducing asset vacancy from 11% to below 10%)\n· The income from the portfolio is considered to be a strong inflation hedge with almost all leases subject to indexation \n· &...
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