Stoneweg Europe Stapled Trust (SET) released a clarification on Sep, 29 2026 explaining how it derived an estimated net distribution benefit of about 14.7 million Singapore dollars from its planned internalisation of the REIT manager, the business-trust trustee-manager and the asset-management platform.

The trust said the benefit calculation starts with management-fee income to be relinquished in FY2025, offset by expected operating costs, third-party mandate revenue, tax and financing expenses. After these adjustments, the pro-forma uplift is projected at 10.1 million euros, or roughly 14.7 million Singapore dollars.

When this amount is added to FY2025 distributable income and divided by the enlarged stapled-security base—reflecting the issue of 40 million new units to related Stoneweg entities—the forecast distribution per stapled security rises to 14.18 euro cents, a 5.9 percent increase from the FY2025 level of 13.39 euro cents.

The trust also reiterated that its independent valuer’s pro-forma earnings before interest and tax for the internalised platform is estimated at 13.3 million euros for the 12-month period ending Sep, 13 2027, broadly consistent with the manager’s own projection of 13.7 million euros for FY2027.

Stoneweg Europe Stapled Trust owns a 3.2 billion Singapore dollar portfolio of more than 90 predominantly freehold properties across Western Europe, with a strategic focus on logistics and data-centre assets.