Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
An update from Schroder European Real Estate ate ate Investment ( (GB:SERE) ) is now available.
Schroder European Real Estate Investment Trust Plc has sold its 50% interest in the Metromar Joint Venture, which owns a shopping center in Seville, Spain. This sale, which aligned with the company’s previous valuation of zero, transfers the outstanding debt to the purchaser and reduces the company’s net loan-to-value ratio from 25% to 21%. The company is also proceeding with the sale of a grocery-anchored retail asset in Frankfurt for €11.8 million, expected to further decrease the net loan-to-value ratio by at least 2% upon completion by the end of March 2025. These strategic sales aim to strengthen the balance sheet and improve financial stability.
More about Schroder European Real Estate ate ate Investment
Schroder European Real Estate Investment Trust Plc (SEREIT) is a company focused on investing in key European growth cities. It operates within the real estate investment industry, particularly dealing with properties such as shopping centers and retail assets across Europe.
YTD Price Performance: 5.82%
Average Trading Volume: 260,191
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £87.97M
Find detailed analytics on SERE stock on TipRanks’ Stock Analysis page.
