Schroder European Real Estate ate ate Investment (GB:SERE) has released an update.
Schroder European Real Estate Investment Trust PLC reports a steady increase in their property portfolio valuation, rising marginally by 0.1% to €208.3 million as of June 30, 2024, indicating a stabilization in the real estate market. The valuation bump is attributed to strong performances in the industrial and retail sectors, including a new 15-year lease with Lidl, and a consistent income growth bolstered by a high occupancy rate of 96%. Despite a slight downturn in office and alternative asset valuations, the company maintains a healthy loan-to-value ratio, providing financial flexibility.
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