Schroder European Real Estate Investment Trust PLC - Says rising inflation is starting to contribute to rental growth. About 100% of rent due for the quarter ended June 30 has been collected from its direct property portfolio. Schroder European Real Estate says the direct property portfolio was independently valued at EUR218.4 million on June 30, reflecting a marginal like-for-like decrease over the quarter of 0.4%. The valuation excludes a recently acquired car showroom in Cannes, France, which is valued at EUR8.3 million.
Johannesburg current stock price: ZAR20.00, down 1.2% on Thursday
12-month change: down 3.0%
London current stock price: 99.00 pence, down 2.5%
12-month change: down 4.8%
By Artwell Dlamini; artwelldlamini@alliancenews.com
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Schroder Eur.r (SERE)