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SLI Standard Life Investments Property Income Trust Ld

79.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Standard Life Investments Property Income Trust Ld LSE:SLI London Ordinary Share GB0033875286 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 79.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
79.00 79.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 79.00 GBX

Standard Life Investment... (SLI) Latest News

Standard Life Investment... News

Date Time Source Headline
17/8/202307:00RNSNONabrdn Property Income Trust Ltd Update from QuotedData

Standard Life Investment... (SLI) Discussions and Chat

Standard Life Investment... Forums and Chat

Date Time Title Posts
16/6/202217:49Standard Life Property Trust849
25/10/200413:54Commercial Property Fund-1

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Standard Life Investment... (SLI) Most Recent Trades

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Standard Life Investment... (SLI) Top Chat Posts

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 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 23/5/2022 10:47 by spectoacc
Been a while I think:

"On 20 May 2022 the Company purchased 193,984 Ordinary Shares at a price of 79.96 pence per share. These shares will be held in treasury."
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.”
Standard Life Investment... share price data is direct from the London Stock Exchange

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