Stoneweg European REIT net property income dips 2.3% to $184m in FY 2024

Gross revenue went down by 1.6%.

Stoneweg European Real Estate Investment Trust’s (SERT) net property income declined by 2.3% year-on-year (YoY) to $184m (€131.1m) for the full year ended 31 December 2024 (FY 2024).

Gross revenue for FY 2024 stood at $299m (€212.9m), down 1.6%.

SERT’s distribution per unit declined by 10.1% YoY, attributed to asset sales and higher interest costs.

€1 = $1.40

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