Stoneweg Europe Stapled Trust evaluates management internalisation, posts 1.4% rise in H1 DPS to 0.06642 euro

The Stoneweg Europe Stapled Trust reported a slight increase in its distributable per stapled security (DPS) to 0.06642 euro for the first half of 2026, marking a 1.4% rise compared to the year-ago period of 0.06553 euro. The trust's managers are evaluating a potential internalization of their roles, in discussions with the sponsor of the trust, SWI Group.

These discussions encompass various strategic, governance, and organizational initiatives, aiming to align interests and foster long-term value creation, which may include internalization. The increase in DPS was primarily attributed to income from the company's AiOnX data centre investments and net property income (NPI) growth in its logistics and light industrial segments.

Revenue for the half-year period declined by 2.2% to 105.1 million euros, driven by completed asset divestments under the portfolio optimization strategy. These divestments have been utilized to acquire higher-yielding assets, including a Dutch logistics asset and a mandatory convertible investment in AiOnX. Net property income for the half-year fell by 2.3% to 65.4 million euros compared to the previous year, while on a like-for-like basis, it grew by 1.3%.

Overall, the trust's portfolio occupancy stands at 93.7%, with an average lease expiry of 4.9 years. Looking ahead, the managers anticipate Western European logistics, light industrial, and data centre assets to make up around 80% or more of Sert's portfolio exposure by 2028.