Stoneweg European REIT – Distributable income declines with higher financing costs

Distributable income lower in 1Q 2025

Stoneweg European REIT reported distributable income of €18.9 million in 1Q 2025, a 4.0% year-on-year decline compared to 1Q 2024.  While net property income (NPI) rose across both its logistics/light industrial as well as office assets, this was offset by higher interest costs.  With the fall in distributable income, indicative distribution per unit (DPU) fell to €3.374 cents in 1Q 2025, 3.7% lower than 1Q 2024. Source: COmpany Data

Higher net property income in 1Q 2025

Stoneweg European REIT reported net property income of €33.5 million in 1Q 2025, a €0.8 million or 2.4% year-on-year increase compared to 1Q 2024.  This was driven by higher income from certain assets such as Nervesa21 and Thorn Lighting (+€1.0 million) as well as a benefit from a reversal of historical bad debt provisions from 2 tenant-customers who eventually paid.  Excluding divestments and the contribution of Maxima due to…