Schroder Real Estate Investment Trust Ltd Reports Strong Annual Performance

Schroder Real Estate Investment Trust Ltd has announced its financial results for the year ended March 31, revealing a significant improvement in its net asset value (NAV) and profit. The company's NAV per share rose 4.8% to 61.6 pence, while its total NAV increased to GBP301.4 million, up from GBP287.4 million the previous year. This represents a total NAV return of 11% for the financial year, a stark contrast to the 1.1% return in the previous year.

Key Takeaways:

• Schroder Real Estate Investment Trust Ltd's net asset value (NAV) per share rose 4.8% to 61.6 pence as of March 31, compared to 58.8p a year ago.
• The company's total NAV increased to GBP301.4 million, up from GBP287.4 million the previous year.
• The total NAV return for the financial year is 11%, compared to 1.1% the previous year.
• IFRS profit jumped to GBP31.1 million, from GBP3.1 million the previous year, due to positive property revaluation.
• The company reported its fourth interim dividend of 0.897 pence, which brings the total dividend for the recent year to 3.48p, an increase from 3.34p the previous year.
• Current stock price stands at 68.00 pence, down 1.2% on Wednesday, while the 12-month change is 5.6%.

Statistics:

• Net asset value (NAV) per share: 61.6 pence (as of March 31), up 4.8% from 58.8p the previous year.
• Total NAV: GBP301.4 million (as of March 31), up from GBP287.4 million the previous year.
• IFRS profit: GBP31.1 million (year ended March 31), up from GBP3.1 million the previous year.
• Total NAV return: 11% (year ended March 31), up from 1.1% the previous year.
• Dividend: 3.48p (recent year), up from 3.34p the previous year.
• Current stock price: 68.00 pence.
• 12-month change: 5.6%.

Sources:

• [Source: Schroder Real Estate Investment Trust Ltd - financial results for the year ended March 31]
• [Source: Alliance News, article "Schroder REIT reports 'strongest' annual performance since 2022" by Artwell Dlamini]