Standard Life Invs Property Inc Tst Edison reviews Standard Life Inv. Prprty Inc. Trst
13 June 2018 - 2:13AM
RNS Non-Regulatory
TIDMSLI
Standard Life Invs Property Inc Tst
12 June 2018
London, UK, 12 June 2018
Edison issues review on Standard Life Inv. Property Income
Trust
Standard Life Investments Property Income Trust (SLI) is managed
by Jason Baggaley. He aims to deliver an attractive level of income
with the potential for income and capital growth from a diversified
portfolio of UK commercial property. The manager notes that the
industry is in a period of change, such as in the office sector,
where tenants are demanding a higher level of service from their
landlords. Baggaley says that SLI is embracing and benefiting from
the changing environment, continuing to forge strong relationships
with its tenants. He is cautiously optimistic about future returns
from UK property and is building on his positive long-term
performance track record. SLI's NAV total return has outperformed
its IPD Monthly Index Funds (quarterly version) benchmark over the
last one, three, five and 10 years. The trust offers an attractive
5.0% dividend yield.
SLI's current 6.8% premium to NAV is modestly lower than its
average premiums over the last one, three and five years (range of
5.8% to 7.7%). The board issues shares aiming to limit the premium;
so far in FY18, the share count has increased by 2.4%, raising
gross proceeds of GBP8.9m.
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Gavin Wood, +44 (0)20 3681 2503
investmenttrusts@edisongroup.com
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