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Schroder European Real Estate ate ate Investment ( (GB:SERE) ) has issued an update.
Schroder European Real Estate Investment Trust plc reported that its property portfolio was independently valued at €194.55 million as of December 31, 2024, showing a marginal decrease of 0.9%. While the industrial portfolio saw a valuation increase of 2.2% due to positive investment sentiment, other sectors such as office and retail experienced declines. Notably, the company sold its Frankfurt grocery asset for €11.8 million, aligning with its September valuation, and the sale is expected to complete in early 2025. The valuation fluctuations reflect varying market conditions, with the Berlin retail asset’s value dropping by 3.2% and discussions underway for a potential lease extension.
More about Schroder European Real Estate ate ate Investment
Schroder European Real Estate Investment Trust plc (SEREIT) is a company investing in real estate across European growth cities. It focuses on direct property investments in sectors such as industrial, office, and retail, aiming to leverage asset management initiatives to enhance portfolio value.
YTD Price Performance: -2.84%
Average Trading Volume: 242,652
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £81.04M
See more data about SERE stock on TipRanks’ Stock Analysis page.
