IN BRIEF: abrdn Property Income NAV falls as liquidation progresses
abrdn Property Income Trust Ltd - Guernsey-registered investor in UK real estate - Announces its 2025 results on Tuesday. Reports a 3.2 pence net asset value per share as at December 31, down 60% from 8.0p one year prior. Of the NAV, 1.7p per share relates to its final holding, land in the Cairngorms known as 'Far Ralia'. Share price total return is 5.5% for the year, compared with 11.9% from the FTSE All-Share Real Estate Investment Trusts index and 24.0% from the FTSE All-Share index. The company is in the process of a formal liquidation. Notes that 59.9p per share has been distributed to shareholders to date. "The board remain cognisant that the company no longer has any income-producing assets (excluding interest on cash holdings) and the costs of running the company are now eroding shareholder funds by approximately GBP600,000 per annum (net of interest on cash holdings) based on current projections," says Chair Mike Balfour. "The board and investment manager are, therefore, focused on minimising expenditure." Read More