- Stoneweg Europe Stapled Trust ’s 1H25 numbers were in line. With stabilising interest costs and an improving operational performance, a DPU turnaround is expected in FY26.
- - Read this at SGinvestors.io -
- Stoneweg Europe Stapled Trust 's share price is trading at an undemanding 0.8x FY25F P/B, and further interest rate cuts should narrow the trading discount.
~50% valuation gain from AiOnX.
- An immediate ~50% valuation gain from AiOnX (previously known as the Stoneweg Icona DC fund), in which Stoneweg Europe Stapled Trust invested EUR50m (6.7% stake) in end June. Note: The initial AiOnX DC development fund comprised four assets in Denmark, Ireland, Italy and Spain when Stoneweg Europe Stapled Trust bought the stake from the sponsor. Since then, AiOnX has acquired a fifth DC asset in the UK.
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- We see a continued strong valuation upside potential from this investment, and Stoneweg Europe Stapled Trust may reap 3-5x capital gains on this investment, as development of this asset is still in the early stages and valuation uplift is likely as progress milestones are reached over next 3-5 years.
Portfolio occupancy rate rose to 92.4%.
- Read more at SGinvestors.io.
