[SINGAPORE] Stoneweg Europe Stapled Trust (Sert) on Wednesday (Aug 13) posted a distribution per stapled security (DPS) of 0.06553 euro for its first half ended Jun 30, 2025, 7 per cent down from a DPS of 0.0705 euro in the year-ago period.
The stapled group’s lower DPS was “in line with market expectations” and a reflection of higher interest expenses in the current rate environment, said Simon Garing, the chief executive of its managers.
For the six months, its distributable income fell 7.3 per cent to 36.7 million euros (S$55 million), from 39.6 million euros in H1 2024.
Its net property income inched up 2.2 per cent to 66.9 million euros, from 65.5 million euros previously.
H1 revenue rose marginally by 1.1 per cent on the year to 107.4 million euros from 106.3 million euros.
Stapled securities of Sert finished Tuesday 0.4 per cent or S$0.01 higher at S$2.40.
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