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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Abrdn Property Income Trust Limited | LSE:API | London | Ordinary Share | GB0033875286 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 0.39% | 51.20 | 50.90 | 51.30 | 51.30 | 51.00 | 51.20 | 294,604 | 09:06:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 31.11M | -51.05M | -0.1339 | -3.82 | 195.18M |
To: Company Announcements Date: 19 September 2014 Company: Standard Life Investments Property Income Trust Limited Subject: SLIPIT Purchase Standard Life Investments Property Holdings is pleased to announce it has exchanged on the purchase of a logistics and industrial investment in Rotherham for £14.6million, reflecting a net initial yield of 7%. The investment comprises three units totalling 360,000sqft and let to Symphony Group PLC on a new 20 year lease with a tenant break in year 15. The initial rent is £ 1.08million p.a. and the lease has rent reviews every five years with the rent indexed to RPI capped at 4% p.a. As a result of the purchase the Company has invested most of the proceeds from the recent capital raise, with only approximately £7million available for investment. Jason Baggaley, Fund Manager for SLIPIT commented "We are delighted to have exchanged on this purchase, which is due to complete on the 24th September. Following the recent purchase of a portfolio of three logistics units for £ 28million the Company is close to being fully invested. We have found attractive assets that provide good quality income for the Company, supporting our objective of offering an attractive dividend yield that is fully covered, and without experiencing prolonged cash drag. We are actively looking at a number of other opportunities as well. All enquiries: Jason Baggaley Standard Life Investments Limited Tel: 0131 245 2833
Copyright r 19 PR Newswire
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