TRY

Tr Property Investment Trust Plc

280.00
-2.50 (-0.88%)
Share Name Share Symbol Market Type Share ISIN Share Description
Tr Property Investment Trust Plc LSE:TRY London Ordinary Share GB0009064097 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50 -0.88% 280.00 1,278,945 16:35:16
Bid Price Offer Price High Price Low Price Open Price
280.50 281.00 284.00 280.50 284.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 320.92 281.69 88.80 3.22 888.58
Last Trade Time Trade Type Trade Size Trade Price Currency
17:31:20 O 195 280.969 GBX

Tr Property Investment (TRY) Latest News (1)

Tr Property Investment (TRY) Discussions and Chat

Tr Property Investment Forums and Chat

Date Time Title Posts
24/5/202310:48TR PROPERTY :::::::: Discount on Discount245
24/5/201213:47Trial7
08/4/201118:26tryit-
28/3/200821:46Turkish Lira-
10/7/200717:52TR Props warrants technically cheap45

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Tr Property Investment (TRY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 16:31:38280.97195547.89O
2023-05-31 16:30:29280.223,79010,620.15O
2023-05-31 15:43:31280.0048,864136,819.20O
2023-05-31 15:35:16280.00145,492407,377.60UT
2023-05-31 15:29:43280.50167468.44AT

Tr Property Investment (TRY) Top Chat Posts

Top Posts
Posted at 24/5/2023 10:45 by piwood
LondonMetric Property PLC RECOMMENDED ALL-SHARE OFFER FOR CT PROPERTY TRUST

Did TRY open a position in CT recently ?

Posted at 07/5/2023 18:30 by speedsgh
This is from a few weeks ago now but highly recommended listening for general sector commentary or if you hold/are thinking of holding TRY...

HTTPS://money-makers.co/2023/04/15/money-makers-podcast-15-apr-2023/

15/4/2023
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Marcus Phayre-Mudge, manager of TR Property Investment Trust (TRY), and Jon Forster, co-portfolio manager at Impax Environmental Markets (IEM)...

Posted at 02/5/2023 19:19 by speedsgh
TRY has a pretty decent track record, well respected investment manager in Marcus P-M and is an ideal vehicle if you're looking for broad brush exposure to what is mainly commercial property. Half decent income (paid out twice a year as ordinary dividends, not PIDs, as TRY is not a REIT). I can't offer much in terms of timing the market, gave up on that a long time ago.
Posted at 28/3/2023 15:14 by redponza
Is it a concern for you guys that the revenue does not cover the dividend in the half year result? Also with REIT starting to reduce dividends, there maybe further downside to the share price
Posted at 28/3/2023 12:26 by brad44
this from 10 years ago...back where he started!! i will be looking to buy in when funds permit, thats for sure.

Price: 185.80

No Opinion
TRY22 Feb '13

Mr Turner retired in March 2011, to be replaced by his long-term deputy, Marcus Phayre-Mudge. It remains to be seen whether Mr Phayre-Mudge will prove as adept a thinker as his predecessor. In the volatile 22 months since he took over, the fund has underperformed the European benchmark for property shares. But that's not long enough to judge a manager and the trust's long-term record, for which Mr Phayre-Mudge is partly responsible, shows substantial outperformance.

Over the past five years, which have not been kind to property investors, that outperformance can be attributed to a focus on quality - particularly balance sheet quality. The managers have been right, it turns out, to avoid companies and countries with high levels of debt. TR Property itself is modestly geared, with net debt of just £36m on a £483m portfolio, and Mr Phayre-Mudge closely monitors 'see through' net debt - the gearing to which the fund is exposed through its holdings. They have also been right to focus on those markets with structural growth, even if the relevant companies trade on punchy ratings. These include London, Stockholm, German housing and pan-regional shopping malls.

Posted at 27/1/2023 15:10 by speedsgh
TR Property: Don’t let 2022’s slump fool you, real estate is reviving - HTTPS://citywire.com/funds-insider/news/tr-property-don-t-let-2022-s-slump-fool-you-real-estate-is-reviving/a2407799

The fog of uncertainty is clearing around Reits after last year’s selloff, says TR Property's Marcus Phayre-Mudge, who tells Citywire where he is finding value in a sector trailing on an average of 27% below asset value.

Despite a strong long-term record that has seen TR Property (TRY) win five Citywire performance awards in the Specialist Equities category, the £1bn investment trust suffered a shocking 32.4% slump in net asset value (NAV) last year as investors dumped the real estate investment trusts (Reits) in which it invests on fears surging interest rates would hit commercial property valuations and their borrowing costs.

However, as inflation has peaked and started to fall, the fog of uncertainty has begun to clear, says fund manager Marcus Phayre-Mudge. In the month to 26 January, the trust’s NAV has rallied 11%, although the shares still trade on a relatively wide 9% discount.

Returning to the Citywire studio after nearly two years, Phayre-Mudge (below) talks to Gavin Lumsden about where he is finding good value in a sector trading on a steep 27% discount below asset value after last year’s selloff.

Citywire A-rated Phayre-Mudge says Reit and property valuations had to fall in response to rising government bond yields, and in some areas will continue to do so. However, he believes that top-down correction is at odds with the rental growth and strong tenant demand evident in many, but not all, areas of industrial, office and retail real estate.

In this 36-minute interview, the fund manager also discusses:

~ the two UK generalist Reits he bought for the first time.
~ the need for more mergers and consolidation in a fragmented Reit sector.
~ the importance of strong governance and due diligence following the suspension of shares in Home Reit (HOME).
~ the challenge of stricter environmental standards for the owners of many office buildings.

Posted at 04/7/2022 16:58 by alan pt
TRCML Care to elaborate? I've been buying a bit as it falls, interested in hearing reasons for your negative sentiment

Seems interesting to me - German residential now offering an excellent dividend, sentiment has turned against industrial generally, but EU industrial did not have the potential price bubble in UK industrial (and even there it's more fear of falls than actual falls)

Posted at 07/1/2022 12:10 by brexitplus
TRY currently holding up better than other sectors. SUPR a good hedge against volatility.
Posted at 03/1/2022 14:24 by topvest
I think TRY is possibly a better real estate hold than buying individual property company shares. I am certainly mulling that over, going forwards.
Posted at 18/12/2021 16:43 by skyship
Continues to be quiet board here. I see I last posted in July; and below is a chart of the relative performances of those mentioned versus TRY.

BREI the stand out; whilst EPIC & SREI benefit from the higher prospective yields - 7.1% and 5.6% respectively.

Both TRY and PCTN calling for mergers of the smaller REITs trading on high discounts. IMO Directors & Investment Managers won't act like turkeys voting for Christmas; why sacrifice their nicely paid jobs. So any actions may need to be hostile.

Whether voluntary or hostile, perhaps the current best prospect is SREI on a 21.7% NAV discount and a 5.64% yield. It has a good portfolio with a good blend across sectors; also a low debt cost of 2.3%. So, a good yield whilst we wait and a 20%-25% upside on a bid.


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