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
  1.10 1.24% 89.60 777,878 16:35:23
Bid Price Offer Price High Price Low Price Open Price
89.20 89.40 89.40 87.80 88.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 27.77 30.95 7.68 11.7 363
Last Trade Time Trade Type Trade Size Trade Price Currency
17:16:58 O 213 89.60 GBX

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Date Time Title Posts
08/12/201914:36Standard Life Property Trust310
25/10/200412:54Commercial Property Fund-1

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DateSubject
08/12/2019
08:20
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 88.50p.
Standard Life Investments Property Income Trust Ld has a 4 week average price of 87p and a 12 week average price of 84.30p.
The 1 year high share price is 96.30p while the 1 year low share price is currently 77.90p.
There are currently 404,865,419 shares in issue and the average daily traded volume is 600,606 shares. The market capitalisation of Standard Life Investments Property Income Trust Ld is £362,759,415.42.
28/8/2019
14:59
speedsgh: Unaudited Net Asset Value as at 30 June 2019 - HTTPS://uk.advfn.com/stock-market/london/standard-life-investment-SLI/share-news/Standard-LifeInvProp-Unaudited-Net-Asset-Value-as/80476877 Net asset value ("NAV") per ordinary share was 91.1p (Mar 19 - 91.1p), resulting in a NAV total return, including dividends, of 1.3% for Q2 2019... The portfolio valuation (before CAPEX) increased by 0.3% on a like for like basis, whilst the IPD/MSCI Monthly Index dropped by 0.7% over the same period... Prudent LTV* of 23.4% at the quarter end, one of the lowest in the Company's peer group and the wider REIT sector... Investment outlook * Durable income will remain the key focus for investors in the current risk-off environment. It is highly unlikely that there will be any material change to the investment themes playing out in UK real estate market until more clarity is provided on the macroeconomic outlook. * Significant weight of capital targeting long secure income is supporting pricing at levels which are out of reach for most balanced funds, but remains supportive for liability-driven investors where inflation linked income in other assets classes does not match the required income yield. * The wide dispersion in returns at the sector level is expected to continue in the short term. This is driven by the structural shift into logistics and multi-let industrials to the detriment of retail.
01/2/2019
17:55
speedsgh: Unaudited Net Asset Value as at 31 December 2018 - HTTPS://uk.advfn.com/stock-market/london/standard-life-investment-propert-SLI/share-news/Standard-LifeInvProp-Net-Asset-Values/79152933 Key Highlights Solid Performance * Net asset value ("NAV") per ordinary share was 91.0p (Sep 18 - 91.4p), a fall of 0.4%, resulting in a NAV total return, including dividends, of 0.9% for Q4 2018; * The portfolio valuation (before CAPEX and transaction costs) increased by 0.7% on a like for like basis, whilst the IPD/MSCI Monthly Index dropped by 0.2% over the same period. Investment and letting activity * Purchase of a multi let office on the Hagley Road in Birmingham for GBP 23.75m, reflecting an initial yield of 7.6%. The building has an average lease length to earliest of break or expiry of 4.3 years with 30% of the income from the Government. * Sale of the Company's largest void unit, an industrial property in Oldham for GBP6.3m. The sale price was just under 13% above the valuation as at 30 June 2018. * Letting of the Company's largest vacancy, a logistics unit in Swadlincote. The 141,000sqft unit, which became vacant in July 2018, has been let at a rent of GBP813,000pa on a new five year lease subject to a lease break after the third year to a 3rd party logistics company. This represents a 21% increase on the previous passing rent. Strong balance sheet with prudent gearing * Prudent LTV* of 24.4% at the quarter end, one of the lowest in the Company's peer group and the wider REIT sector...
01/1/2019
15:13
pavey ark: As I said in a previous post, I have no great experience in investing in property companies due to a reasonable part of my assets being tied up in property I owned(diversification issues). With the recent sale of most of my property assets I was looking for an IT specialising in property and this caught my eye: Standard Life Investments Property Income Trust (SLI), which has a yield of 5.4 per cent. And over five years its share price has risen 73 per cent, beating the Association of Investment Companies (AIC) Property Direct – UK sector average return of 65 per cent. Because of its good performance, Standard Life Investments Property Income has mostly traded at a premium to NAV over the past few years, and as recently as September was on a premium of around 8 per cent. But since then its rating has fallen quite sharply, and as of 15 October the trust was trading on a discount to NAV of 2.1 per cent, according to Winterflood Securities. Reasons for this include uncertainty about the impact of UK’s withdrawal from the European Union on commercial property and concerns on whether the property cycle is in its latter stages. Despite this, Canaccord Genuity has recently upgraded its recommendation on the trust to 'buy'. “[Compared with other UK commercial property trusts this one] gives the highest effective exposure to the industrial sector, which has the highest consensus forecast return over the medium term,” says Mr Brierley. “It’s a high-quality vehicle and the derating is a good opportunity to buy a very good manager on a discount. The yield is also attractive on a relative and absolute basis.” The manager of this trust is highly respected and took over in 2006. I would suggest that he would have had little chance to change things or prepare for 2008 but obviously he looks to have done well since. You pays your money you takes your chance.
24/12/2018
17:41
pavey ark: DrB, you beat me to it. The average lease, the current yield and the rather agile management style all appeal to me. Brexit is a large factor but at the end of the day the UK is a large economy and the need for the sort of assets we have here will remain. EI, having read some previous posts I see that you held here when there was a premium but having sold you tend to have a glass half empty view.(or so it seems) I recently sold two commercial properties I owned and up to that point I stayed well clear of property based shares to diversify my assets. I spotted the IC piece on SLI but it was at a premium and 5% yield there was also some concerns about dividend cover. Since September the news here has been very positive, the share price has fallen considerably, the premium has gone and the yield has increased. Could it do lower ?.....of course it could!! I'm a fairly experienced investor (just not in property shares) and having done considerable research into SLI the point has come when things look good to me. I am certainly experienced enough to know that nothing is certain but having surplus cash at 1-2% this purchase fits my current investment needs. Happy to hear of other property investments but not happy with anything in retail.
01/5/2018
09:41
speedsgh: Unaudited Net Asset Value as at 31 March 2018 - HTTPS://uk.advfn.com/stock-market/london/standard-life-investment-propert-SLI/share-news/Standard-LifeInvProp-Net-Asset-Values/77305881 Key Highlights Solid Performance * Net asset value ("NAV") per ordinary share was 89.4p (Dec 2017 - 87.6p), a rise of 2.1%, resulting in a NAV total return, including dividends, of 3.4% for Q1 2018; * The portfolio valuation increased by 1.9% on a like for like basis, whilst the IPD/MSCI Monthly Index rose by 1.0% over the same period. Portfolio activity * Purchase of a 216,180 sq ft logistics facility in Shellingford, Oxfordshire on the established White Horse Business Park, for GBP11.5m, reflecting an initial yield of 6.5%. The unit is let for 25 years without a break, and is subject to five yearly upwards only rent reviews fixed at 2.5% pa. * Purchase of the Grand National Retail Park in Aintree for a price of GBP 6.125m, reflecting an initial yield of 6.85%. The park is adjacent to the race course, and consists of 4 units let as a leisure park to Premier Inn, Pure Gym, Mitchells and Butler, and KFC. The investment benefits from strong trade associated with the race course and provides opportunity for asset management to extend leases from the current 8.1 years. * Purchase of an industrial complex in Sandy, Bedfordshire for GBP6.02m, reflecting a yield of 6.25%. The property is located immediately adjacent to a junction of the A1, approximately 40 miles north of central London, and is let for an unexpired term of 19 years at a rent of GBP3.17psf, subject to indexed increases in rent every five years. Sales * Completion of the sale of Elstree Tower in Borehamwood for GBP20m previously announced in September 2017. * Post the period end completed the sale of Charter Court, a multi let office in Slough for GBP13.25m, 9.6% ahead of the end December valuation. The transactions above have continued the process of selling assets where future returns are expected to come under pressure and reinvesting into assets in favoured sectors that offer secure income and better future performance characteristics. Successful asset management activity * Completed the letting of 1 Marsh Way, Rainham, the Company's largest void. The property has been let on a 15 year lease (with tenant break option in the tenth year) at a starting rent of GBP636,200pa. * Voids rate as at 31 March 2018 was 5.8% (Dec 2017 - 7.7%). Strong balance sheet with prudent gearing * LTV* of 14.3% and uncommitted cash of GBP44.1m post the quarter end transactions with RCF of GBP35m also still available for investment in future opportunities. * Two year extension of existing GBP35million Revolving Credit facility ("RCF") secured with Royal Bank of Scotland. While the margin over LIBOR on the RCF will increase from 1.2% to 1.45% this extension will mean the RCF will now expire at same time as the term loan in April 2023 providing the Company with increased certainty of both availability and cost of financing to this date. The interest rate on the Company's GBP110 million term loan remains fixed at 2.725%. Premium rating * Continued strong demand for the Company's shares with 8.25m shares issued in the quarter raising proceeds of GBP7.6m. As at 24 Apr 2018 the share price was 94.2p - a premium to the 31 March NAV of 5.4%. Attractive dividend yield * Dividend yield of 5.1% based on a quarterly dividend of 1.19p as at 24 Apr 2018 compares favourably to the yield on the FTSE All-Share REIT Index (3.8%) and the FTSE All Share Index (3.7%) as at the same date. Net Asset Value ("NAV") The unaudited net asset value per ordinary share of Standard Life Investments Property Income Trust Limited ("SLIPIT") at 31 Mar 2018 was 89.4p. The net asset value is calculated under International Financial Reporting Standards ("IFRS"). The net asset value incorporates the external portfolio valuation by Knight Frank LLP at 31 Mar 2018.
24/10/2017
10:24
speedsgh: Unaudited Net Asset Value as at 30 September 2017 - HTTP://uk.advfn.com/stock-market/london/standard-life-investment-propert-SLI/share-news/Standard-LifeInvProp-Net-Asset-Value/75921444 KEY HIGHLIGHTS Solid Performance * Net asset value ("NAV") per ordinary share as at 30 Sep was 86.0p (30 Jun 2017 - 83.9p), a rise of 2.5% over the period, resulting in a NAV total return, including dividends, of 4.0% for Q3; * The portfolio valuation increased by 1.5% on a like for like basis, whilst the MSCI/IPD Monthly Index rose by 1.3% over the same period. Positive portfolio activity * Purchases of multi-let offices in Reading for GBP13.24m, reflecting an initial yield of 6.75% and in Manchester for GBP8.1m, reflecting an initial yield of 6.4% both of which provide opportunity for asset management; * Purchase of a 46,800sqft industrial unit in Birmingham for a price of GBP 4.58m, reflecting an initial yield of 5.75% for a 15 year lease in place with no breaks. Sales * Sale of a 25,600sqft office on York Science Park for GBP4.35m, just ahead of the June 2017 valuation figure, to reduce the Company's out of town office exposure; * Sale of a small industrial unit in Cheltenham to the tenant for GBP2.175m, reflecting a yield of 4.8%. The sale price was 8% ahead of the valuation as at 30 June; * Sale of a stand-alone retail warehouse in Southend on Sea at a price of GBP 5m, 5% ahead of the end June valuation and reducing exposure to the retail sector; * Exchanged contracts to sell Elstree Tower in Borehamwood for GBP20m. The 80,700sqft office was valued at the end of June at GBP18m. The sale removes risk relating to the break clause in 2020 while the delayed completion until Feb 2018, which is unconditional, provides the Company with additional income, and reduces cash drag while opportunities to reinvest the proceeds are being investigated. Overall, the portfolio activity is in line with the strategy of disposing of assets at a profit where this also reduces risk to the Company and reinvesting in higher yielding assets in favoured sectors that offer the opportunity for successful asset management. Strong balance sheet with prudent gearing * LTV of 21.6% as at 30 Sep with uncommitted cash of GBP10m and the RCF of GBP35m still available for investment in future opportunities. Premium rating * Continued strong demand for the Company's shares with the share price sitting at a premium to NAV of 7.0% as at 30 Sep. Attractive dividend yield * Dividend yield of 5.3% based on a quarterly dividend of 1.19p and the share price of 92p as at 30 Sep compares favourably to the yield on the FTSE All-Share REIT Index (3.6%) and the FTSE All Share Index (3.7%) as at the same date. Net Asset Value ("NAV") The unaudited net asset value per ordinary share of Standard Life Investments Property Income Trust Limited ("SLIPIT") at 30 Sep 2017 was 86.0p. The net asset value is calculated under International Financial Reporting Standards ("IFRS"). The net asset value incorporates the external portfolio valuation by Knight Frank as at 30 Sep 2017.
03/11/2016
11:09
speedsgh: 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 Key Highlights * 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 lease renewal · 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.
11/5/2016
16:23
speedsgh: Negligible movement in NAV over the quarter... Net Asset Value - HTTP://uk.advfn.com/stock-market/london/standard-life-prop-SLI/share-news/Standard-LifeInvProp-Net-Asset-Value/71429715 * Net asset value per ordinary share was 82.3p as at 31 March 2016, an increase of 0.1% from 31 December 2015 resulting in a NAV total return of 1.5% for Q1; * The portfolio increased by 0.1% on a like for like basis which compares favourably to the quarterly capital return on the monthly IPD Monthly Index capital return over the quarter (fall of 0.2%); * The increase in stamp duty land tax announced in the March 2016 budget resulted in a GBP3.5 million reduction in valuations across the portfolio; excluding this the portfolio showed a like for like increase of 0.8%;
13/11/2015
09:18
lord gnome: Looks to be a good deal and we also get the bonus of a small divi increase. Share price should pick up again once this is out of the way.
09/6/2015
14:31
lord gnome: It would appear that the problems over the withholding tax could be affecting the share price. I can't think of any other reason for such a sharp and prolonged decline. This is starting to get serious.
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