Value and Indexed Property Income Trust PLC · LSE:VIP
Value and Indexed Property Income Trust — Investor Presentation (October 2026)
22 slides from Value and Indexed Property Income Trust's investor presentation, Oct 13, 2026
Slide 1: Value and Indexed Property Income Trust PLC Portfolio Update
1 VALUE AND INDEXED PROPERTY INCOME TRUST PLC Portfolio Update Investor Meet Company Presentation 13 October 2026 @ 11:00 LONG, STRONG, INDEXED PROPERTY INCOME
Slide 2: Half Year Highlights
2 HALF YEAR HIGHLIGHTS 31 MARCH TO 30 SEPT 2026 PORTFOLIO PERFORMANCE 1 2 3 4 3 properties 3 new sectors 10 rent reviews 2,714,000 purchased introduced completed @ shares issued for £10.2m diversifying the +£0.2m @ 213p @ NIY of portfolio 7.8% further LONG, STRONG, INDEXED PROPERTY INCOME
Slide 3: New Purchases
3 NEW PURCHASES LONG, STRONG, INDEXED PROPERTY INCOME
Slide 4: Esher Cinema
4 ESHER CINEMA NEW PURCHASE PURCHASE LONG, STRONG, INDEXED PROPERTY INCOME
Slide 5: Leicester Crematorium
5 LEICESTER CREMATORIUM PURCHASE LONG, STRONG, INDEXED PROPERTY INCOME
Slide 6: Veterinary Surgery Stirling
6 VETERINARY SURGERY STIRLING LONG, STRONG, INDEXED PROPERTY INCOME
Slide 7: Portfolio Update
7 PORTFOLIO UPDATE LONG, STRONG, INDEXED PROPERTY INCOME
Slide 8: Portfolio
LONG, STRONG, INDEXED PROPERTY INCOME PORTFOLIO RENT INDEXATION RENT COLLECTION LEASE LENGTH 100% 100% 16.4 years (to expiry) 14.3 years (to break) RPI 88% No Voids 29 properties – 31 leases CPI 9% MSCI Fixed 3% 10.4%* *MSCI Monthly Index Aug 2026 (MSCI Quarterly Index June 2026 – 8.6%) LONG, STRONG
Slide 9: Portfolio Summary
9 PORTFOLIO SUMMARY PORTFOLIO 30 SEPT 2026 30 JUNE 2026 31 MAR 2026 Capital Value £143.7m £138.4m £133.3m Contracted Income PORTFOLIO £10.6m £10.2m £9.6m (Rent collected 100%) Net Initial Yield 6.9% 6.9% 6.8% Number of Properties 29 27 26 Number of Tenants 31 29 28 (Portfolio 100% let) Contracted In
Slide 10: Top Properties by Capital Value
10 TOP 10 PROPERTIES % BY CAPITAL VALUE % OF PORTFOLIO BY PROPERTY TENANT SECTOR CAPITAL VALUE Nantwich Blue Diamond Garden Centre 13% Newport Isle of Wight Marks and Spencer Supermarket 7% PORTFOLIO Rayleigh Marks and Spencer Supermarket 6% Coventry Tenpin, Pizza Hut & Starbucks Bowling 6% Dover Pa
Slide 11: Capital Value by Region and Sector
11 CAPITAL VALUE % PORTFOLIO BY REGION BY SECTOR VALUATION 5% (South West) 2% (London) 3% Other* 4% Pubs £143.7m PORTFOLIO 10% (Scotland)) (30 September 2026) 9% Hotels 27% Supermarkets 34% (North) 11% Health Club & Caravan 10% (Midlands) Park 12% 15% Garden Centre (East Anglia) 20% 14% Industrial/W
Slide 12: High Quality Tenants - 77% Income from Top Ten
12 HIGH QUALITY TENANTS – 77% INCOME FROM TOP TEN Blue Diamond 13% M&S 12% HM Government 9% INCOME Premier Inn 8% Sainsburys 7% Co-op 6% Parkdean Resorts 6% Virgin Active 6% Hollywood Bowl 5% Tenpin 5% LONG, STRONG, INDEXED PROPERTY INCOME
Slide 13: Index-Related Rent Review Pattern
13 INDEX-RELATED RENT REVIEW PATTERN RETAIL PRICES INDEX CONSUMER PRICES INDEX FIXED INCREASES INCOME 88% 9% 3% 25 TENANCIES 4 TENANCIES 2 TENANCIES LONG, STRONG, INDEXED PROPERTY INCOME
Slide 14: Dividend
14 DIVIDEND LONG, STRONG, INDEXED PROPERTY INCOME
Slide 15: Dividend Yield and Growth
15 DIVIDEND YIELD • 39-year track record 6.8% of dividend increases DIVIDEND CONSISTENT • Risen every year DIVIDEND since 1986 GROWTH • Dividend per share +1,052% (6.5% p.a.) v CPI +200% (2.9% p.a.) LONG, STRONG, INDEXED PROPERTY INCOME
Slide 16: VIP Dividend History
DIVIDEND 12 0 4 6 10 14 2 8 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 39 YEARS TO 31 MARCH 2026 2008 2009 2010 Year Ending March 2011 VIP DIVIDEND HISTORY 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 16 LONG
Slide 17: Liquidity and Discount Control
17 LIQUIDITY AND DISCOUNT CONTROL LONG, STRONG, INDEXED PROPERTY INCOME
Slide 18: A Vigorous Discount Control Policy
18 A VIGOROUS DISCOUNT CONTROL POLICY Since 1 October 2025 VIP aims to issue shares at a premium and buy back @ SHARES c.10% discount to EPRA NTA per share Premium : 2,714,000 shares issued from Treasury @ 213p* Discount : 90,000 shares bought back for Treasury @191p average* * Since 1 April 2026 LO
Slide 19: Debt
19 DEBT LONG, STRONG, INDEXED PROPERTY INCOME
Slide 20: Long Fixed Debt
20 LONG FIXED DEBT • Fixed term loans of £65 million 4.9% • Maturity in 6.5 years (March 2033) DEBT fixed interest rate for 96% of debt Current overall loan to value ratio for VIP: 38% LONG, STRONG, INDEXED PROPERTY INCOME
Slide 21: Long Term Performance
21 LONG TERM PERFORMANCE LONG, STRONG, INDEXED PROPERTY INCOME
Slide 22: VIP Property Portfolio Performance Record
22 VIP PROPERTY PORTFOLIO PERFORMANCE RECORD 39 YEARS TO 31 MARCH 2026 12.0% VIP Property PORTFOLIO PERFORMANCE 10.8% 10.0% MSCI UK Quarterly Property Index 7.6% 8.0% CPI 6.8% 6.5% 6.4% 6.0% 5.4% 5.1% 4.8% 4.5% 4.3% 4.0% 3.5% 3.4% 3.4% 3.3% 2.9% 2.9% 2.9% 2.8% 2.0% 0.0% 1 year 3 years 5 years 10 yea
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