Stoneweg Europe Stapled Trust (SERT) is a stapled trust comprising Stoneweg European REIT and Stoneweg European Business Trust. It’s a growing European logistics, office and data centre real estate player. Today, it invests in income-producing properties across Europe, strategically focused in office, logistics and data centre sectors, while selectively pursuing value-added redevelopment opportunities to enhance portfolio quality and earnings resilience. SERT is listed on SGX [SET (Euro €) and SEB (SGD $)]. In this article, I will discuss why I believe SERT is a turnaround story with growth potential while yielding ~8.6% for investors.  This is also part of my strategy mentioned in my previous blog post here.

1. Strong sponsor aligned with unitholders

For those unfamiliar with SERT, it was the former Cromwell European REIT (CEREIT) which IPO-ed in 2017 with 74 properties and a portfolio value of ~€1 billion. Credit: Stoneweg Europe Stapled Trust Presentation Slides In Jan 2025, its current sponsor, Stoneweg Icona (SWI) Group listed on Amsterdam Stock Exchange...