Schroder European REIT’s share price surge puts £45m gap between NAV and market ahead of wind-down vote
Schroder European Real Estate Investment Trust Plc jumped 5.4% on Friday to 65.6p/66.6p, but the stock’s big discount to what the board says the assets are worth hasn’t budged. The move came as the FTSE All-Share was up just 0.28%. London markets were closed for the weekend. The trust last posted a NAV of 101.0p a share, or £132.1 million, as of March 31. AJ Bell lists the market cap at £87.25 million after Friday’s move. That gives an implied equity gap of around £44.9 million, about 34% under NAV.