Stoneweg Europe Stapled Trust - Phillip Securities 2025-08-18: Strong Rental Reversions In 2Q25

Stoneweg Europe Stapled Trust: Strong Rental Reversions In 2Q25

Published:
Stoneweg Europe Stapled Trust  (SGX:SET) | SGinvestors.io
  • Stoneweg Europe Stapled Trust's DPU of 6.553 cents for 1H25 was in line with our estimates, representing 49% of our FY25e forecast. It declined 7% y-o-y mainly due to a 23.9% rise in interest expense from the new €500mil six-year green bond issued in Jan 25.
  • - Read this at SGinvestors.io -
  • In 2Q25, Stoneweg Europe Stapled Trust's portfolio occupancy rose 0.4 ppt q-o-q to 92.4%, with strong rent reversion of +15.5% (1H25: +11.9%), driven by a 20-year, 26k sqm lease with its largest customer, NN Group NV, at Haagse Poort, which delivered a 52.2% rent reversion.
  • - Read this at SGinvestors.io -
  • The current Stoneweg Europe Stapled Trust's share price implies an FY25e/26e DPU yield of 8.5%/8.6%.

The Positives

Strong rental reversions (1H25: +11.9%; 2Q25: +15.5%) with robust leasing activity.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.



Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2025-08-18



Read also Phillip's most recent report:
2025-11-10 Stoneweg Europe Stapled Trust - No Refinancing Requirements Until 2030.

Price targets by other brokers at Stoneweg Europe Stapled Trust Target Prices.

Listing of research reports at Stoneweg Europe Stapled Trust Analyst Reports.

Relevant links:
Stoneweg Europe Stapled Trust Share Price History,
Stoneweg Europe Stapled Trust Announcements,
Stoneweg Europe Stapled Trust Dividend Payout Dates & Corporate Actions,
Stoneweg Europe Stapled Trust News






Advertisement

You May Also Like



SGX Stock / REIT Search

-

Most Read

Use Trust Referral Code PGKPSWAE to sign up NTUC Link or Trust Link Credit Card or open a Trust Bank savings account this November: ✨Earn up to S$1,000 cashback reward 🎟 and win an XPENG G6 SUV 🚙 !
Find out more
-