Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says around 95% of rent due for the quarter ended September 30 has been collected. This is an increase on the March and June quarters, which saw rent collection of 92% and 94%, respectively. Gets a 1.1% rise in valuation over the quarter to EUR201.1 million, mainly driven by improved yield re-rating of Hamburg office investment on improved estimated rental value and yield re-rating at the Stuttgart office investment.
Current Johannesburg stock price: ZAR21.90
Year-to-date change: up 8.4%
Current London stock price: 107.00 pence, up 1.7% on Tuesday
Year-to-date change: up 6.2%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Schroder Eur.r (SERE)