|Standard Life Investment Property Income Trust
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Standard Life Investment Propert Share Discussion Threads
Showing 251 to 275 of 275 messages
|Unaudited Net Asset Value as at 30 September 2016 - HTTP://uk.advfn.com/stock-market/london/standard-life-prop-SLI/share-news/Standard-LifeInvProp-Unaudited-Net-Asset-Value/72818512
* Net asset value per ordinary share was 79.0p ( June 2016 - 81.8p), a fall of 3.4%, resulting in a NAV total return, including dividends, of -2.1% for Q3;
* The portfolio valuation decreased by 2.2% on a like for like basis, whilst the IPD/MSCI Monthly Index fell by 3.6% over the same period;
* Positive share price performance in the quarter with share price total return of 5.0% resulting in the Company's shares trading at a premium to NAV of 3.5% as at 30 Sep 2016;
* Successful asset management initiatives up to the date of this announcement included
· 3 new lettings of industrial units in Aberdeen and one
· Refurbishment completed on largest void in the portfolio - Broadgate Oldham
· Terms agreed for letting of one of three vacant units at Trafford Park Manchester
* Low void rate of 4.4% as at 30 Sep 2016 (which will decrease by 1% on completion of sale of a property in Bristol);
* Dividend yield of 5.8% based on a quarterly dividend of 1.19p as at 30 Sep 2016 compares favourably to the yield on the FTSE All-Share REIT Index (3.6%) and the FTSE All Share Index (3.5%) as at the same date; it is anticipated the dividend will be covered for the financial year.|
|New Edison research note...
Broader diversification following 2015 acquisition - HTTP://www.edisoninvestmentresearch.com/research/report/standard-life-inv.-property-income-trust1|
|You mean the valuers' comments? I haven't checked around other companies, but I guess that's going to be standard practice for some time.|
|Decent enough NAV but the statement is somewhat downbeat. I feel they are worth holding just for the yield over the next 5 years or so, doubt there will be a huge capital gain or loss over that time.|
|And they're up another 10% today!(it says on ADVFN)|
|Well, I sold the added shares I bought 6 days ago. 15% increase is a very good bankable profit for very little effort.|
|Those buys sub seventies r beginning to look attractive|
|Can imagine that in US$ terms commercial property has suddenly become a lot more attractive than it was a few weeks ago. Yield here is still 6%
I did look briefly at the express - they do put the daily collapse in exchange rate as being a good thing only as it helps exporters. They seem to gloss over the fact that only 10% of our GDP is manufacturing. It will become more apparent to their readers later in the year when the price of their two weeks in the sun goes up that it has not been a good thing. But that is a discussion for another board/time.|
|Two stories in the FT should provide a boost today. The one suggests that rates will be cut on Thursday, and the other claims that New York based private equity firm Madison International Realty has 1 billion pounds lined up to invest in UK commercial property, taking advantage of the need for quick exits by funds facing a surge in investor withdrawals.|
|I make it @60-63 on the monthly/weekly.|
|If a BtL landlord can pay the mortgage and escape voids, he might be OK. Or do BtL mortgages tend to have loan-to-value covenants? I've no idea.
Maybe the Mail/Express will change their tune: "Houses 20% more affordable since Brexit Vote."
SLI bottomed at around 33p in March 2009. A rather smaller company then, of course.|
|This has now dropped about 25% from its peak. You have to wonder what a property crash would look like in this low yield environment. I guess its residential prices that will come under pressure soon and then we could see the BTL mob come under pressure. I'm not totally against that even though it would be a hit to my own personal wealth (I am referring to my own house, I don't have a BTL).
It would be interesting to see how the strongly probrexit, house price fretting Mail/Express readers will respond to that.|
|Dave ..chance to buy 67ish or wait for the 50's if you rate redsonning|
|Announcement, which of course adds nothing to recent comments on this thread, which were fully aware of the situation:
The independent Board of Standard Life Investments Property Income Trust (“SLIPIT”;) notes the announcement made yesterday by Standard Life Investments to suspend trading in the Standard Life Investments UK Real Estate Fund, an open ended Property Authorised Investment Fund (“PAIF”).
The Board would like to emphasise that SLIPIT, being a closed ended investment company, is completely independent of the PAIF and is in no way affected by yesterday’s announcement. SLIPIT has no commercial dealings with the PAIF and the shares of SLIPIT continue to be actively traded on the London Stock exchange.|
|Don't worry if you missed these at 66-70p
They will be testing the 50s when the fear sets in again!|
|Very happy to pick these at 69. Was gutted I missed the rights issue at 82|
|Caught som at 68...just a few mind|
|Bought some at 67p -- I sold these a while back last year. Never thought I could buy back below 80p.|
|FWIW the total all in cost of mine was 67.1 I see it as buying me income over the next 10 years. Obviously I'd appreciate a capital gain too should sentiment recover or things don't turn out as bad as feared. I have nearly 20k in these and UKCM now, that will be enough in this sector.|
|Thanks for your comments. My only problem now is that if I had spent less time thinking I could have bought at 66.5 as well!|
|The open fund that is affected is Standard Life Investments UK Real Estate Fund. My understanding is that it is managed by George Shaw, whereas SLI is a closed investment company managed by Jason Baggaley. I can't see that they share ownership of any assets.
The downturn in the market generally will naturally affect SLI's net asset value, but yields seem certain in the short-medium term.
Journalists seem confused about the dfifference bewtween the two vehicles, and on the assumption that investors are too, and that the price fall is an overreaction, I bought more first thing at 66.5.|
|Dave - they wouldn't sell a shared asset to an outside operator - too complicated. Though an internal sale would be OK at the appropriate "fair" discounted price.
I haven't checked, but I'd imagine SLI have uninvested cash from their recent placing programme which would come in handy if price falls are overdone.|
|I would be tempted to top up but have one concern. I know the problem is in the unit trust where redemptions could lead to forced sales and big writedowns but in theory this should not apply to an investment trust because there are no redemptions.
However what if the investment trust and the unit trusts have shared ownership of some of the assets ?|
|Could result in vacancies which can't be filled without write-downs. As a positive, gilt yields are getting so ridiculously low, any 'real' assets could attract buyers. The LtV here looks very safe.
I've just bought some at 66.4p.|
|That was the reason I was referring to. Interesting to see that Standard Life has also been hit, down 10% over two days. I guess if the big commercial funds are under pressure to sell as investors want to get out that will inevitable knock the valuations.
If I could get 7% across my entire portfolio I could retire.
Brexit could hit valuations - but you would also think that the fall in the pound may reduce the impact. Who knows.|