Share Name Share Symbol Market Type Share ISIN Share Description
Value And Indexed Property Income Trust Plc LSE:VIP London Ordinary Share GB0008484718 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.37% 272.00 270.00 274.00 270.00 270.00 270.00 10,864 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 10.7 4.9 10.3 26.5 119

Value and Indexed Prop Inc Tst PLC Trading Statement

21/01/2022 7:00am

UK Regulatory (RNS & others)

Value And Indexed Proper... (LSE:VIP)
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RNS Number : 1546Z

Value and Indexed Prop Inc Tst PLC

21 January 2022

21 JANUARY 2022



Value and Indexed Property Income Trust PLC ("VIP" or "the Company"), the long, strong, indexed property income specialists, announces the acquisition in Q4 2021 of five freehold index-linked properties for a total cost of GBP30.5 million at a 5.6% net initial yield (bringing the current total portfolio average yield to 5.7%). VIP is now almost fully invested after its transition to a predominantly Property Trust.

The five properties purchased were three industrial/warehouse units in Chester, Stoke on Trent and Westbury, a petrol filling station in Melton Mowbray and a supermarket in Newport, Isle of Wight, all with index-linked leases and a WAULT of 10 years and let to MKM Building Supplies, Arla Foods, BP Oil and Marks and Spencer. The contracted rent on VIP's property portfolio (43 properties) is now GBP7.99 million per year, up by 26.1% from 30 September 2021. 96% of all contracted rents are now index-linked or with fixed increases (65% RPI-linked, 8% CPI-linked and 23% with fixed increases) and the WAULT is 13 years.

These acquisitions have increased the property portfolio's industrial weighting to 34% and supermarkets to 23%, with 14% in pubs, 9% in roadside, 9% other, 6% in hotels and 5% in leisure.

As at 31 December 2021, the Company's total assets were 74.3% in UK Property (59.8% September 2021), 17.9% UK Equities (16.5% September 2021) and 7.8% Cash (23.8% September 2021), of which 3.3% is committed for the completion of the new Premier Inn hotel development in Alnwick in June 2022.

The property portfolio aims to deliver long term above average real returns (benchmark MSCI Quarterly Property Index) from a well spread portfolio mainly of commercial properties.

The Company is now negotiating to raise further long-term fixed rate debt to deploy in similar index-linked property acquisitions.



OLIM Property Limited, Investment Manager

Tel: 020 7846 3252

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January 21, 2022 02:00 ET (07:00 GMT)

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