Business
Edison update-Standard Life Property Income Trust
Edison update-Standard Life Property Income Trust.
About this update from Abrdn Property Income Trust Limited
[{"type":"text","content":"\n \nRNS Number : 1190D Standard Life Invs Property Inc Tst 22 October 2015 \n\n \nLondon, UK, 22 October 2015\nEdison issues research update on Standard Life Inv. Property Income Trust\n \nStandard Life Investments Property Income Trust (SLI) is an actively managed closed-ended company investing directly in UK commercial property. The trust has grown substantially since mid-2014 using share issues to fund asset purchases and the proposed acquisition of a c £165m portfolio provides the opportunity to make a step change in scale without materially altering the portfolio profile. Maintaining gearing at c 30% LTV, SLI has outperformed the IPD UK Monthly index over five years. The shares trade at a c 10% premium to NAV and yield an above average 5.4%.\n \nSLI's share price premium to NAV is one of the highest among peers and sits slightly above its 9.7% three-year average. There is no active discount control mechanism but a substantial number of shares have been issued since mid-2014, taking advantage of the premium to grow the company without diluting existing shareholders. SLI's 5.4% dividend yield is one of the highest in the peer group of closed-ended funds directly investing in UK property with a market cap of over £100m and a track record of more than one year. \nClick here to view the full report \n \n \nAll reports published by Edison are available to download free of charge from its website. www.edisoninvestmentresearch.com\n \nAbout Edison: We are an international equity advisory firm. We enable our client companies to achieve their capital market objectives. The team is made up of more than 80 analysts and investment professionals with many decades of experience. Our extensive company knowledge and industry expertise spans 10 business sectors and more than 700 listed companies globally. We give our corporate clients and investors privileged insight into global investment trends. Our distribution capability is key to ensuring that a global investor audience can access our investment knowledge. Edison is authorised and regulated by the Financial Conduct Authority.\n \nEdison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.\nContact details: Learn more at www.edisongrou...