Schroder Real Estate ate ate Investment (GB:SREI) has released an update.
Schroder Real Estate Investment Trust Limited (SREIT) reports a 0.5% increase in net asset value to £289.0 million alongside a fully covered quarterly dividend of 0.853 pence per share, reflecting a solid quarter with a NAV total return of 2.0%. The company highlights a strong leasing momentum with 27 new deals generating £2.3 million in rental income, and emphasizes its commitment to sustainability and portfolio improvement. SREIT anticipates a recovery in the UK real estate market towards late 2024 and 2025, supported by a favorable economic outlook.
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