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SLI Standard Life Investments Property Income Trust Ld

79.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Standard Life Investments Property Income Trust Ld SLI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 79.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
79.00
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Standard Life Investment... SLI Dividends History

No dividends issued between 16 Apr 2014 and 16 Apr 2024

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Top Posts
Posted at 16/6/2022 16:07 by nexusltd
@jonwig. Agreed. Thanks.
Edit: I suggest that you also quote the old TIDM, SLI in the heading for search purposes.
Posted at 16/6/2022 15:07 by nexusltd
SLI changes its name as from today to abrdn Property Income Trust Ltd, API; a bit of a bore. How does this community handle the name change wrt this thread?
Posted at 14/6/2022 16:19 by spectoacc
The ESG stuff does put me off SLI - hold fewer of them than the others. All for efficient buildings, just not for the ESG carbon-offset stuff.

Thanks @nickrl.
Posted at 14/6/2022 15:00 by nickrl
Todays investors presentation wasn't that exciting and reinforces that they are nailing their colours to the ESG mast. They see it being some time off before divi is restored to pre covid as buildings they are buying will have lower yield as they are better assets for the long term.

Name and ticker change coming!

Oh they had a much bigger participation than the SREI one on investor meet.
Posted at 30/5/2022 08:10 by jonwig
spoole - but oddly enough, FSF (the Foresight Forestry Fund) has been a strong performer for a couple of months! And SLI have bought the land for reforestation, not grouse shooting.
Posted at 23/5/2022 19:22 by nickrl
SLI aren't teh only REIT sitting on the fence because they can't find value. Market is still cooking and will be a while before it drops back so whilst im not a fan of buybacks its a no brainer at these levels.
Posted at 23/5/2022 18:42 by nexusltd
@spooleS. Indeed, and to be weighed against SLI's fixed costs; a reduction of AUM is disadvantageous. My central point remains. Is there a dearth of attractive assets? Is the stated intent to move up the asset quality curve an issue in these markets? Or perhaps does Baggaley expect value falls ahead?

Last time SLI bought back shares was near the start of the Covid pandemic; understandable insofar asset values in many sectors were clearly going to down trend. At present I only see uptrends in all real estate sectors.
Posted at 13/5/2022 15:24 by spectoacc
John Barron in today's IC talks REITs for two pages - mentions SLI, RGL, and TRY as his 3 holdings.
Posted at 05/2/2022 09:29 by jonwig
An FT article today talks of land investment, and mentions SLI as well as the specialist trust FSF. I see from the thread here that there are concerns about this. If you're interested, look at the video on the FSF website.

It's maybe worth mentioning that the land acquired is 1,447ha, but the afforestation project just 956ha, which was bought at £7,800/ha. Judging from the last two purchases by FSF (around £11,300 to £17,500/ha) this might be good value, but FSF's strategy is largely commercial, whilst SLI doesn't seem interested in that angle.

Land acquisition for passive possession might have counter-cyclical attractions, but SLI's investment doesn't look big enough to matter. Personally, I'm a holder and quite a fan of FSF with its timber extraction and carbon credits plans.
Posted at 10/12/2021 08:04 by speedsgh
Purchases -

Standard Life Investments Property Income Trust (“SLIPIT or the Company”) has completed two purchases totalling £22.79m, financed out of existing cash reserves.

The first is a forward funding in St Helens, where SLIPIT has acquired the site and will fund the development of an industrial unit with a total commitment of £15.05m. The premises are pre-let to St Helens Borough Council for a 15 year term with 5-yearly index-linked rent reviews generating a net initial yield of 4.25%. The unit will be used as a research and development facility, focussing on improving the environmental impact of glass manufacture.

The second acquisition is of an existing industrial unit in Washington let to Griffith Textile Machines Ltd until September 2035. The purchase price of £7.735m reflects a net initial yield of 5.75%.

Mark Blyth, Deputy Fund Manager of SLIPIT commented: “We are delighted to have completed on both of these purchases in quick succession. The St Helens funding offers SLIPIT 15 year, index-linked, Government income from an asset with strong ESG credentials and providing a good risk-adjusted income return.

The Washington acquisition is an example of SLIPIT buying into an asset with not only a strong income return, but also the potential to drive further value. Included with the building is a 3.5 acre development site, which not only offers the opportunity to grow the income through expansion of the existing occupier or development, but also provides scope to implement ESG initiatives.”

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