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LONDON - Schroder Real Estate Investment Trust (LSE:SREI) reported an 11.0% net asset value (NAV) total return for the year ended March 31, 2025, comprising a 4.8% increase in NAV per share and dividends of 3.5 pence per share.
The trust’s dividend, which increased 4% from the previous year’s 3.34 pence, was fully covered by earnings and represents a yield of 6.6% at the current share price, according to the company’s final results statement.
SREI’s property portfolio delivered a total return of 9.1%, continuing to outperform its benchmark, the MSCI UK Balanced Portfolios Quarterly Property Index, which returned 6.2% during the same period.
The outperformance was attributed to the trust’s overweight positions in retail warehouse and industrial sectors, along with active management initiatives including capital expenditure on targeted assets and successful leasing at its Stanley Green industrial development.
The trust maintains a net initial yield of 5.6%, approximately 100 basis points higher than UK 10-year gilts. Its reversionary yield stands at 8.4%, compared to the benchmark’s 6.2%, indicating potential for future income growth.
SREI currently trades at a 14% discount to NAV, narrower than in previous periods.
The information in this article is based on a press release statement from Schroder Real Estate Investment Trust.
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