- Stoneweg Europe Stapled Trust’s 1Q26 gross revenue and net property income (NPI) were 1.3% lower y-o-y at EUR52.9m and EUR33.1m, respectively, due to a timing gap between the divestment of its Slovakia portfolio and the deployment of proceeds into acquisitions. On a like-for-like basis, NPI would have grown 2.3% y-o-y.
Indicative 1Q26 DPS was 1.5% higher y-o-y at 3.423 Euro cents, exceeding our expectations
- - Read this at SGinvestors.io -
Softer performance expected from office assets relative to L&I.
- - Read this at SGinvestors.io -
- Stoneweg Europe Stapled Trust’s 1Q26 gross revenue and net property income (NPI) were 1.3% lower y-o-y at EUR52.9m and EUR33.1m, respectively, due to a timing gap between the divestment of its Slovakia portfolio and the deployment of proceeds into acquisitions. On a like-for-like basis, NPI would have grown 2.3% y-o-y.
- Distributable income was 0.4% higher y-o-y at EUR19.0m; together with a smaller stapled security base due to active buybacks. Stoneweg Europe Stapled Trust’s 1Q26 indicative DPS constituted 25.6% of our initial full year forecast, which we deem to be ahead of our expectations
- Stoneweg Europe Stapled Trust’s portfolio occupancy was stable, nudging up 0.2 percentage points (ppt) over the quarter to 92.8% as at 7 Apr 2026, though rent reversions moderated to 3.9% (FY25: +9.8%). Underlying sub-sector performance, however, reflected a tale of two cities.
- Read more at SGinvestors.io.
