According to Lai in his Feb 25 report, FY2025’s distribution per unit (DPU) of 13.39 Euro cents is slightly ahead of his projections.
Dale Lai of DBS Group Research is keeping his “buy” recommendation on Stoneweg Europe Stapled Trust (SGX:SET
) (SERT) with a target price of EUR1.90, following the recent FY2025 results.
Gross revenue for FY2025 rose 0.8% y-o-y to EUR214.6 million and net property income (NPI) increased 2.5% y-o-y to EUR134.4 million, driven by higher income following completion of redevelopments, growth in logistics and light industrial, and lower doubtful debt expense, partly offset by income lost from divestments and weaker contribution from parts of the Poland and Netherlands portfolios.
