Schroder REIT issues 6.9% dividend despite 17% drop in NAV

£470.3m portfolio

Elliot Gulliver-Needham
clock • 1 min read

The Schroder Real Estate investment trust net asset value fell 17.1% in the fourth quarter of 2022, following a sharp correction of the property market.

In a portfolio update covering up to 31 December 2022, the trust said that its valuation drop was due to "upward yield movement across all sectors", noting that the MSCI UK Monthly properly index fell 15.6% in the same period. Despite this, the trust said that it had paid dividends of 0.819p per share in this quarter, bringing the annualised dividend yield to a total of 6.9%. It said that despite the weak quarter, this dividend was actually a 2% increase on the prior quarter dividend and a 6% increase to that paid immediately prior to the Covid-19 pandemic in December 2019. Home ...

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