Schroder Real Estate Investment Trust has reported a leveling off of net asset value in half-year results to September, warning that the UK market has reached “a late stage in the market cycle”.
Commenting after the REIT announced a NAV of £357.7m, up 1.2% over the period January to September, chairman Lorraine Baldry said the group was “more cautious about the outlook and may look to realise some of the capital gains across the portfolio.”
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