Schroder Real Estate Investment Trust posted a steeper stock rise than any other London-listed REIT today, after it confirmed that it would reinstate its interim dividend earlier than expected.
The REIT said good progress on rent collection – with 74% collected for its third quarter – means it can pay a dividend of roughly 0.38p per share for the April-June quarter. Its shares rose by 7.3% to reach 35.4p.
Also on the rise were Capital & Regional, up 5.6% at 84.5p, and RDI REIT, which gained 5.1% to finish at 93.4p.
The sharpest REIT loss was posted by Hammerson, which closed at 75.26p, a drop of 4.5%.
The FTSE 100 was down by around 0.5% over trading, closing at 6,261. The FTSE 250 was up by 0.2%, finishing the day at 17,385.
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