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
  0.80 1.32% 61.50 972,639 16:35:03
Bid Price Offer Price High Price Low Price Open Price
61.50 61.70 62.50 59.90 59.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 29.88 16.14 3.98 15.5 250
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:00 O 45 61.60 GBX

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Date Time Title Posts
30/11/202017:09Standard Life Property Trust532
25/10/200412:54Commercial Property Fund-1

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Standard Life Investment... Daily Update: Standard Life Investments Property Income Trust Ld is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker SLI. The last closing price for Standard Life Investment... was 60.70p.
Standard Life Investments Property Income Trust Ld has a 4 week average price of 54.10p and a 12 week average price of 45.05p.
The 1 year high share price is 99.30p while the 1 year low share price is currently 45.05p.
There are currently 406,865,419 shares in issue and the average daily traded volume is 2,640,358 shares. The market capitalisation of Standard Life Investments Property Income Trust Ld is £250,222,232.69.
skyship: A pretty substantial chunk bought-in on Friday: =============================================== PURCHASE OF OWN ORDINARY SHARES On 27 November 2020 the Company purchased 1,846,985 Ordinary Shares at a price of 57.27 pence per share.
skyship: SLI is now the 4th REIT to instigate buybacks. SREI the serious one, but AEWU & RLE also in the game. Certainly puts a floor under SLI, so unlikely to trade back to the lowly 50p again...
dr biotech: Can’t say I normally agree with share buybacks, but the disparity between the NAV and current share price seems to make a lot of sense.
1nf3rn0: Beats my expectations. NAV only down 1% since June (most of that being the last divi payment).Plus..."The Company intends to begin a share buyback programme to purchase shares in the Company.The Board believes that investment in SLIPIT's shares at the prevailing price and discount to net asset value offers an attractive investment opportunity for its shareholders given the financial resources the Company has at its disposal. The Company will also continue to focus on the existing portfolio and the opportunities this presents through both sales, a number of which are in the pipeline and also acquisitions and asset management."
skyship: HP - yr 473 above. Good point about the covenant aspect. Also of course their low debt cost at 2.59% and low LTV at 26.2%. Whatever way you look at this one, clearly at these levels there is great value to be had. In that light I have written to SLI basically suggesting that they take a leaf out of SREI's book and immediately implement an already approved Share Buyback Scheme. For shareholder value it would be crazy not to do so.
skyship: An extract from my spreadsheet on 16 secondary propcos. # Extracted to show those on 40%+ discounts # AIRE & RGL included because of the great yields # All NAV stats are to Jun'20, exc. MCKS still to Mar'20 EPIC share price ...NAV...Disc...Divi..Yield --------------------------------------------- AIRE 51.00 83.60. 39.00 5.00 9.80 BCPT 67.20 120.70 44.30 3.00 4.46 BREI 52.00 96.60. 46.20 2.50 4.81 EPIC 49.50 90.24. 45.10 4.00 8.08 MCKS 190.00 329.00 42.20 7.20 3.79 RGL 66.00 102.60. 35.70 6.00 9.09 SLI 46.80 79.60.. 41.20 2.86 6.10 SREI 32.85 57.70. 43.10 1.54 4.70 "You pays your money you takes your choice"....but sure looks to be some great value out there, especially those showing good rent collections.
kenmitch: Hi SKYSHIP, SpectoAcc and others here clued up on Property Trusts. After reading their results statement and figures a couple of days ago, I was thinking of buying SLI, as the plus points looked strong and share price fall has been relentless and now even lower than the market crash low! e.g that 40% NAV discount. Only 8.3% in retail. In sectors “well aligned to outperform in current environment.” Rent collection acceptable at 75% in August.....but rent collection lower than July. 92% occupancy. Very strong financial position. Also used to outperform but hasn’t for a good while. 40% dividend cut but yield still 6% and they are optimistic sustainable at this lower level. So overall looks very tempting. BUT SpectoAcc thinks others on bigger discounts and better rent collection appeal more. Can you name these Trusts please asthey too would be worth checking out. Am also keen to know the Trusts most favoured or held by some of the quality posters here. btw I hold AEWU and bought in the 60s and it seems a better choice now than SLI with higher dividend yield that also looks sustainable. Or have I got that wrong? I also hold Palace Capital and small punt on Macau Property on a huge NAV discount. The whole sector looks so bombed out with big upside when covid is over or vaccine for it. But finding the best ones is not easy and very time consuming, and some here are better at finding the quality bargains than I am!
hindsight: Depending on how one views the real NAV, could say the B&Q let purchase yields near 10% in share price terms now
essentialinvestor: There may be another angle; when B&Q closed some UK stores over the last few years, they paid £££ to extricate themselves from those leases. So providing the Company remains solvent, if B&Q wanted an early exit on that site it may be a win win for SLI. However, 5 years is a lifetime in UK retail with current structural changes, let alone 11 Perhaps a case of trusting the Manager's judgment and due dilligence. This is also a segment of the market SLI have limited exposure to at present.
cousin jack: Hi Sky; Good question ! Many of the concerns on the B/b are valid. In particular progress since IPO has not matched the timetable/aspirations and Sigma clearly has a better deal than I think justifiable. The risks of being so dependant on SIGMA are also a concern. Additionally, although the the IPO stated that until the end of the development period the projected dividend could be funded from income and capital gains it is clear that the target dividend will have to be (or perhaps more accurately is being) reduced to match income. However the rental housing market, particularly for families, is already undersupplied and I believe demand will increase given the outlook on the economy and housing market. The current share price is around c.23% discount to the NAV and as investors increasingly seek income I suspect that even a rebased dividend more in line with PRS's income will still provide a yield, perhaps around 5%,which will attract investors. As an older investor seeking income that's my rationale. It's part of a strategy to have a core of relatively safe income shares (including some fixed income) so I have some income whilst gradually increasing my cash for what I increasingly see as a likely downturn in the autumn as results and a possible Covid second wave impact markets. Whether my decision to switch from SLI to PRS was sensible time will tell. Good luck.
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