Retaining capital pays off for Schroder as portfolio performs
Company reports a strong balance sheet, with a loan-to-value of 24% net of cash and about €30m in cash
06 December 2023 - 10:41
Schroder European real estate investment trust, a company that invests in European growth cities and regions, says the decision to retain capital is paying off as the portfolio performed well for the 12 months to September 30.
Jeff O’Dwyer, Schroder fund manager, told Business Day that six months ago the company decided to retain capital to enable the company to deal with headwinds, including refinancing expiring debt and looking at ways to reinvest in the portfolio...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.