Schroder’s REIT has ratcheted up its NAV to £346m in a “testament to the speed of recovery of the market”.
The UK-focused REIT said NAV per share had risen by 7% from last year, when it clocked in at £323.4m. SREIT said total returns were 8.1%. It added that it would increase its quarterly dividend by 6.3% to 0.77p per share, returning it to pre-pandemic levels.
SREIT said the boost had come from a £20m off-market deal in December for four industrial assets in the north-west of England at a 6.9% net initial yield, which was alone responsible for a 4.3% valuation increase.
