Stoneweg Europe Stapled Trust's NPI up 3%

Its logistics and light industrial assets drove its Q3 earnings growth.

Stoneweg Europe Stapled Trust (SERT) reported its net property income increased by 3% to $154m (€102.9m) in the first nine months of the year.

Over the same period, gross revenue grew 2% to $245m (€163.5m).

Its portfolio occupancy rose to 93.5% with rent reversion averaging 11.1% year to date.

Distributable income however declined 4.6% to $86m (€57.6m) due to higher financing costs but improved sequentially from the prior quarter.

The trust also completed a €300m green bond issuance and refinancing exercise, extending its debt maturity profile to 2030. SERT said logistics, light industrial, and data centre assets now make up close to 60% of its portfolio.

(1 EUR = 1.50 SGD)

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia