Europe-focused and JSE-listed property company Schroder is on track to deliver on its targeted 5.5% dividend yield. On Wednesday, the group released financial results for the year to September 30, saying its investment strategy would continue under its newly appointed CEO and lead manager, Jeff O’Dwyer. O’Dwyer said the company continued to deliver on its asset management initiatives in the period, supported by a strong performance in the eurozone. "We achieved a net asset value increase of 13% over the period, including a gross equity raise of €16.7m and a net asset value total return of 6.0%," he said. The group’s portfolio was valued at €211.7m, which reflected growth of about 7.1% on the overall purchase price of the assets. The portfolio was almost 100% occupied, with a 6.8 year average lease term and a net property income yield of about 6%
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