Schroder Eur REIT (JSE: SCD) share price, discussion & sentiment

SCD up 2.15% to R12.80 today. Anyone else noticing European property valuations stabilizing after that rough 2023, or are we still pricing in further rate cuts that may not materialize?

euro property exposure is tough right now with the rand where it is, but scd at r12.53 is decent value if you believe in the recovery. i put an order at r12.40 last week, filled most of it. the dividend yield is still solid compared to local property trusts, just gotta stomach the currency headwind for now.

European property markets are grinding through structural headwinds, and SCD's exposure there is real. Comparing to Redefine or Growthpoint locally, those guys at least have rand-denominated cash flow buffers. The dividend yield is still okay at these levels but you're banking on European recovery that frankly looks slow, and currency risk isn't trivial when the rand gets spicy. I'd rather own property closer to home for now, but if you believe in a European rebound within 24 months the pullback to R12.53 is worth considering.

R18 easy, europeans loading up

worth noting scd's nav per share has been under pressure with euro weakness eating into rand returns, and property valuations across the continent staying soft. imo the dividend yield still looks reasonable if you believe the portfolio stabilises over the next 18 months, but you're basically betting on european commercial real estate finding a floor. could be wrong but the spread between scd and local reits is getting harder to justify unless you specifically want the geographic hedge.

scd still sitting at R13.50 but the european property headwinds are real. dividend yield looks decent if they can maintain distributions through this cycle, but exposure to office space in places like uk and germany is sketch when nobody wants to go back to the office. could read as a value trap if vacancies keep climbing

SCD holding R13.50 after that offshore property shuffle last quarter, yield still looking decent for a euro reit in this environment. earnings season will be key to see if those london retail holdings are actually performing or just dead weight, comparative valuations to other european listed reits suggest theres room if they can prove the nav.

European property holding like a solid forward pack, need those Springbok vibes

Good Morning Everyone, SCD holding European property through the cycle. At R13.50 the yield looks decent against local alternatives, dividend sustainability hinges on their portfolio occupancy and rent collection across the continent. REITs like this are long term holds, not traders delight.