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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
Standard Life Investment... Investors - SLI

Standard Life Investment... Investors - SLI

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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Top Investor Posts

Top Posts
Posted at 16/6/2022 15:34 by ugandalad
Jonwig I'd go ahead it will be a new thread if anyone doesn't like it they can start their own as thy can do at the moment. You will be doing us and the future investors a service
Posted at 14/6/2022 18:25 by nexusltd
@nickrl Thanks for your investors presentation review.
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 10/12/2021 20:55 by nexusltd
@SpectoAcc I agree with your statement; best business practise takes care of ESG. The way I look at SLI’s constant reference to ESG is salesmanship. If it helps conclude new leases at improved rents, reducing voids, and speaks to new investors, reducing the share price discount to NAV then it is a double win for current investors like us.
Posted at 28/11/2021 07:24 by ramellous
One mans meat I suppose in some ways. If it keeps the share price of BATS or IMB et al subdued due to ESG concerns, it’s good for income investors keeping those yields up.
Posted at 27/11/2021 20:08 by rambutan2
SKY, will have to disagree with you. Mr Baggaley can see what is coming down the track and that is why he is spending time and brain power on it. To my mind, that is active management of the portfolio.

ESG is here and is not going away, in fact the opposite. Property owners/managers who try to ignore its implications will increasingly be putting their investors money at peril, whether that be from govt legislation, investor sentiment or public expectation. imho.
Posted at 09/9/2021 10:33 by speedsgh
Standard Life Reit buys big Highlands plot in net-zero drive -

This is basically a summary of the announcement on Monday with brief analyst commentary at the end...

"Analysts at Numis Securities welcomed the initiative and said other property funds could follow suit. However, Andrew Rees said shareholders would want more information on what impact there could be on the trust’s dividend from deploying 2%-2.5% of capital in assets not yielding a rental income.

Like its rivals, SLI was forced to cut its quarterly dividend by 40% to 0.714p per share last August, but has since raised it to 0.8925p, still below the pre-pandemic rate of 1.19p."

[Jason Baggaley has already hinted heavily that investors should not assume that the dividend will return to the same level as pre-pandemic 1.19p per qtr.]

"SLI shares eased 1% to 68.8p. The 5% dividend-yielder has rallied 17% this year as UK commercial property has recovered from the coronavirus crash, but trades on a wide 20% discount below net asset value. This reflects the caution investors still feel to the sector as the Delta variant threatens further restrictions to businesses and workers."
Posted at 23/6/2021 10:39 by mushypeas
Investors who get stuck with out of date buildings are in for a bumpy ride. Just read the RLE thread.
Posted at 13/1/2021 11:02 by speedsgh
From Winterflood trust tips for 2021...



In commercial property the analysts made two changes. Among mainstream, heavily discounted UK real estate investment trusts, they now prefer Standard Life Investments Property Income* (SLI) over BMO Commercial Property Trust (BCPT) for its higher industrial weighting, lower retail exposure and better dividend prospects.

Among specialist UK Reits, the broker plumped for Civitas Social Housing (CSH) over rival Residential Secure Income (RESI) because the dividend behind its prospective 5.1% yield is fully covered. ‘Civitas offers an interesting opportunity for investors looking for secure income from a UK real estate portfolio and we believe that the portfolio’s long-term, inflation-linked leases are appealing,’ Elliott argued.

Tritax Eurobox (EBOX) and TR Property (TRY) had also been retained, he said.
Posted at 23/12/2020 12:00 by speedsgh
A little bit of background on a couple of the disposals announced today...

Interfleet House, Derby
www.proplist.com/search/for-sale/north-shields?page=2
Property type: office
Tenant: Atkins Ltd (part of the SNC-Lavalin Group)
Rent: Lease expiry 2/2/2026 at the passing rental of £420,000 (£14.60 psf)
Guide price: £4.65m
Sold for: £4.3m
Previous valuation: £3.8m
Net yield: 9%+

Middle Engine Lane, North Shields
Property type: retail warehouse
Tenant: Smyth's Toys
Background: Purchased by SLIPIT in Dec 2015 as part of the acquisition of a portfolio of 22 commercial properties from Aviva Investors UK Real Estate Recovery II Unit Trust, a Jersey property unit trust. SLIPIT undertook a fundraising (placing + offer for subscription) to help finance the purchase and the follwoing information was provided within the fundraising prospectus...



Address: Smyth’s Toys, Middle Engine Lane, North Shields
Description & Tenure: Freehold. 1993 detached retail warehouse providing approximately 1,524 sq m (16,400 sq ft) GIA – the tenant has installed a 465 sq m (5,000 sq ft) mezzanine – plus 92 surface car parking spaces on a site of 1.51 acres.
Occupational tenancy: Let to Smyth’s Toys UK Ltd for 15 years expiring 28 March 2022 with a rent review at 29 March 2017 at RPI over the previous 10 years compounded annually multiplied by 1.2% per annum, RPI capped at 2.5% per annum, with no further reviews.
Current net annual rent receivable: £371,138

In SLIPIT's 2019 annual report the North Shields property was valued at £2m-£4m. Prior to that it had been valued at £4-£6m in each annual report since acquisition.

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