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
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...
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