Share Name Share Symbol Market Type Share ISIN Share Description
Standard Life Investment Property Income Trust LSE:SLI 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
  +0.00p +0.00% 90.00p 90.75p 91.25p 91.25p 90.00p 90.00p 334,651 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 30.4 14.2 3.7 24.1 354.03

Standard Life Investment Propert Share Discussion Threads

Showing 251 to 275 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
24/10/2017
10:24
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.
speedsgh
31/8/2017
06:23
H1 results. They seem to outperform their benchmark on most measures, and the LtV reduction to below 20% which is probably wise at this stage in the cycle. Https://www.investegate.co.uk/standard-lifeinvprop--sli-/prn/interim-results/20170831070000P3136/
jonwig
03/11/2016
11:09
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.
speedsgh
02/9/2016
14:07
New Edison research note... Broader diversification following 2015 acquisition - HTTP://www.edisoninvestmentresearch.com/research/report/standard-life-inv.-property-income-trust1
speedsgh
02/8/2016
09:04
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.
jonwig
02/8/2016
08:26
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.
dr biotech
11/7/2016
15:10
And they're up another 10% today!(it says on ADVFN)
asmodeus
11/7/2016
10:56
Well, I sold the added shares I bought 6 days ago. 15% increase is a very good bankable profit for very little effort.
caradog
11/7/2016
09:34
Those buys sub seventies r beginning to look attractive
badtime
11/7/2016
09:10
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.
dr biotech
11/7/2016
06:36
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.
caradog
07/7/2016
00:46
I make it @60-63 on the monthly/weekly.
fabius1
06/7/2016
11:01
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.
jonwig
06/7/2016
10:51
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.
dr biotech
06/7/2016
08:31
Dave ..chance to buy 67ish or wait for the 50's if you rate redsonning
badtime
05/7/2016
16:47
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.
jonwig
05/7/2016
13:46
Don't worry if you missed these at 66-70p They will be testing the 50s when the fear sets in again!
redsonning
05/7/2016
13:19
Very happy to pick these at 69. Was gutted I missed the rights issue at 82
schofip
05/7/2016
12:16
Caught som at 68...just a few mind
badtime
05/7/2016
11:54
Bought some at 67p -- I sold these a while back last year. Never thought I could buy back below 80p.
younasm
05/7/2016
10:38
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.
dr biotech
05/7/2016
10:29
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!
daveofdevon
05/7/2016
10:06
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.
caradog
05/7/2016
10:04
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.
jonwig
05/7/2016
09:01
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 ?
daveofdevon
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