Finance

NAV slumps 19% at Schroder REIT

By 2023-06-08T09:14:00

Alastair Hughes JLL

Schroder REIT has suffered a 19% fall in net asset value (NAV) to £300.7m in the year to the end of March, compared to £371.2m for the previous year, as yields expanded by 152 basis points to 7.8% as a result of interest rates rising after Liz Truss’ widely-criticised ...

NAV total return during the year swung from 30.9% to -15.1%, while the group’s loan-to-value ratio rose from 28.6% to 36%.

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