3rd May 2019 12:16
LONDON (Alliance News) - Standard Life Investments Property Income Trust PLC said Friday its net asset value was mostly unchanged over the first quarter of 2019, which was largely quiet in terms of investments.
The trust reported a net asst value total return of 1.4% for the three months to the end of March, along with a net asset value per share of 91.1 pence, largely unmoved from 91.0p at the end of December.
Standard Life Investments Property's portfolio value increased by 0.3% on a like-for-like basis, compared to the end IPD/MSCI Monthly Index which declined by 0.8% over the same period.
During the quarter, no purchases or sales were made, however three lettings were completed, securing a total of GBP132,000 per annum.
"The familiar theme of industrials being the best performing sector, and retail the worst, continued into the first quarter of 2019 and looks set to remain the case for some time yet. The structure of the company's investment portfolio remains supportive for continued outperformance compared to the IPD / MSCI index, and holding a large exposure to industrial/logistics and small exposure to retail remains the correct balance," the trust said.
Shares in Standard Life Investments Property were up 0.1% at 92.00 pence on Friday.
Related Shares:
SLI.L