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Stoneweg Europe Stapled Trust

SETReal Estatequoted in EUR

Stoneweg Europe Stapled Trust (SERT) is a stapled group comprising Stoneweg European Real Estate Investment Trust and Stoneweg European Business Trust. SERT is a growth-ready European logistics and data center platform with resilient income and a clear path to long-term value creation, backed by a well-aligned sponsor ecosystem. SERT aims to provide sustainable distributions through active asset management and a disciplined approach to portfolio construction. SERT has a principal mandate to invest, directly or indirectly, in income-producing commercial real estate assets across Europe. SERT is strategically focused on its highest conviction sectors - logistics and data center - while selectively pursuing value-add redevelopment opportunities to enhance portfolio quality and earnings resilience. At present, SERT has over 90% exposure to Western Europe and more than 60% exposure to the logistics, light industrial and data center sectors, with a medium-term goal of increasing its exposure to these sectors to a vast majority weighting. SERT's portfolio is valued at approximately 2.2 billion euros. It comprises over 90 predominantly freehold properties located in or near major gateway cities in the Netherlands, Italy, France, Poland, Germany, Finland, Denmark, the Czech Republic and the United Kingdom. The portfolio spans approximately 1.6 million sqm of lettable area and serves more than 700 tenant-customers, providing a diversified income base that supports sustainable distributions. SERT is an early investor in AiOnX, the sponsor's European hyperscale data center development fund with an estimated 30 billion euros gross development value pipeline. In addition to its 50 million euros 6.6% equity stake investment, SERT has recently invested an additional 50 million euros via a mandatory convertible loan, reinforcing its exposure through a structured position that delivers defensive income with long-term growth upside. SERT is listed on the Singapore Exchange Limited and SEB (SGD)) and is managed by Stoneweg EREIT Management Pte. Ltd. and Stoneweg EBT Management Pte. Ltd. SERT's sponsor is SWI Group (SWICH, listed on the Amsterdam Euronext Stock Exchange), comprising Stoneweg, Icona Capital, its subsidiaries and associates. SWI Group holds a substantial 28% stake in SERT's stapled securities and wholly owns the Manager and Property Manager. Stoneweg Europe Stapled Trust was established in April 28, 2017 and incorporated in Singapore.

Price
€1.550
Official · 04 Sept 2026
P/E
12.84x
Calculated from official data · 04 Sept 2026
Dividend Yield (2026 YTD)
8.70%
Calculated from official data · 04 Sept 2026
P/B
0.72x
Calculated from official data · 04 Sept 2026
ROE
6.39%
Official · 31 Dec 2025
Earnings and balance-sheet figures as reported for FY2025
EPS Growth
94.52%
Official · 31 Dec 2025
Net Debt/EBITDA
6.43x
Official · 31 Dec 2025
Market Cap
€2.58B
Calculated from official data · 04 Sept 2026
NAV/Share
€2.147
Official · 31 Dec 2025

Each figure shows where it came from. How we source our numbers →

Dividends

No upcoming ex-date announced yet.

2026 dividends: €0.1348 per security · indicative yield 8.70% at €1.55 last.

Pays Semi-annual · 5 years of dividends on record, from 2022 onwards.

Full dividend history

Ex-DateAmount / Security
20 Aug 2026€0.0664
04 Mar 2026€0.0684
20 Aug 2025€0.0655
05 Mar 2025€0.069
15 Aug 2024€0.0685
04 Mar 2024€0.0781
21 Aug 2023€0.0767
03 Mar 2023€0.0829

Dividends by year

YearTotal / SecurityYield*
2026€0.13488.70%
2025€0.13458.68%
2024€0.14669.46%
2023€0.159610.30%
2022€0.168110.85%

*Yield uses the current last price (€1.55) against each year's total — indicative only.

See the full dividend calendar →

Earnings

No earnings data yet for this counter.

Announcements & news

Fundamentals auto-populated from Yahoo Finance; not hand-verified.

Price synced from SGX. Other figures carry their own source and date above. How we source our numbers