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 Shares Traded Last Trade
  -1.80p -1.98% 89.00p 317,133 15:24:14
Bid Price Offer Price High Price Low Price Open Price
89.00p 89.10p 92.10p 89.00p 92.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 30.4 14.2 3.7 23.9 355.44

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Date Time Title Posts
07/12/201716:09Standard Life Property Trust256
25/10/200412:54Commercial Property Fund-1

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Standard Life Investment Propert Daily Update: Standard Life Investment Property Income Trust 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 Propert was 90.80p.
Standard Life Investment Property Income Trust has a 4 week average price of 89p and a 12 week average price of 89p.
The 1 year high share price is 97p while the 1 year low share price is currently 86.25p.
There are currently 399,365,419 shares in issue and the average daily traded volume is 670,302 shares. The market capitalisation of Standard Life Investment Property Income Trust is £355,435,222.91.
speedsgh: Unaudited Net Asset Value as at 30 September 2017 - HTTP:// 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: Unaudited Net Asset Value as at 30 September 2016 - HTTP:// 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: Negligible movement in NAV over the quarter... Net Asset Value - HTTP:// * 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%;
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.
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.
skinny: Unaudited Net Asset Value as at 30 September 2014 Key Highlights · Net asset value per ordinary share was 71.9p as at 30 September 2014 which includes an adjustment for the Q3 dividend payment due to be paid in November 2014. This is an increase of 3.6% from 30 June 2014. · Successful subscription of 50m ordinary shares at 72.9p per share in relation to the prospectus published on 1 July 2014 and an additional 7m ordinary shares were also issued on 25 September 2014 at 76.0p per share, raising gross proceeds of approximately £41.8m. · Dividend yield of 6.0% based on share price of 76.8p (24 October 2014). · Four industrial properties purchased for £41.9m excluding costs.
jonwig: Metier - I think companies have shareholder permission to issue up to a certain number of shares on a non-preemptive basis, usually 10%. It will be a motion at each AGM. If they get the go-ahead at the EGM it will be a placing with institutions, I imagine. "They sure do like issuing shares recently." Quite so, and it's a worry. I think we have passed the peak of the current commercial property share price cycle, at a lower level than the last one which was over-heated. So if SLI are in the market to buy property, it will be from sellers who want to exit at the top. A few years ago, sellers were distressed. That stage is gone now.
jonwig: From a bit of reading: • SNP has a Land Reform Policy which seeks to ensure all land is used "for the public good". It's particularly targeted at landlords of grouse moors who could find themselves under compulsory purchase. But the implications could be wider: • Property prices are at potential risk from a 'yes' vote. In particular, the Edinburgh financial services sector: Aberdeen property might be an exception, of course. • Standard Life is prepared to move domicile: Meantime the share price is at a 5-year high.
lord gnome: They are following PCTN and MCKS which found ready buyers for their share issues. The share price knock was only temporary in both cases. Once the new shares were away safely, the share price recovered and went on to fresh highs. These will do the same in my view. I can't see why not. This is a good sector to be in at present.
jonwig: From Citywire: The Standard Life Property Income trust is to be converted into a real estate investment trust (Reit), in a move the board said would bring 'significant advantages' to shareholders. After reviewing the 'tax efficiency' of its current structure, the trust's board decided it was in the best interests of the 'vast majority' of shareholders to convert. Subject to shareholder approval, this will be completed by the end of the year. The rules covering conversion to Reits were relaxed in 2012, meaning trusts no longer have to pay a 2% entry charge. They are also exempt from UK corporation tax on rental profits and capital gains, so can often offer improved returns to shareholders. The board also aims to grow the £200 million trust, which is currently trading at a 16.4% premium to net asset value. 'While the financial size of the company has increased significantly over the year, it remains below the level that some investors find attractive,' chairman Paul Orchard-Lisle noted in the trust's final results, announced last month. The trust has returned 41.1% in share price terms over one year versus the MSCI ACWI/Real Estate index's 23.35% gain. Http://
Standard Life Investment Propert share price data is direct from the London Stock Exchange
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