- We reiterate Stoneweg Europe Stapled Trust (SERT) as our overseas S-REIT Top Pick, trading at attractive ~20% discount to book with attractive 8% yield.
- - Read this at SGinvestors.io -
- Active portfolio rebalancing is starting to show positive impact on valuations. With a relatively comfortable balance sheet, the REIT has headroom for accretive buybacks and targeted acquisitions.
SERT has achieved its EUR400m divestment target.
- Stoneweg Europe Stapled Trust (SERT) has achieved its EUR400m divestment target (set in 2022) despite challenging real estate market conditions over the last four years. In our view this is testimony to strong on-the-ground management capabilities.
- - Read this at SGinvestors.io -
- Post divestments, the logistics & light industrial segment will account for ~59% of the total portfolio, and management intends to rebalance exposure to this segment to 70% by 2027. This move comes as part of SERT’s strategy to benefit from the re-industrialisation push blowing across Europe, particularly from the defence segment.
SERT’s portfolio valuation rose 1% h-o-h in 2H25.
- Read more at SGinvestors.io.
