Net Asset Value(s)
Updated : 17:52
TR PROPERTY INVESTMENT TRUST PLC
1st April 2020
NET ASSET VALUES
Ordinary Shares
As at close of business on 31st March 2020, the unaudited net asset value per Ordinary share including current financial year revenue items was 358.1p (and 357.9p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 348.6p (and 348.4p including debt marked at fair value).
The net asset value incorporates the year end revaluation of the direct property portfolio carried out by Knight Frank LLP as at 31st March 2020. The valuation of the property portfolio was £95.34m and reflects a net increase in capital values over the six month period of £6.5 million or 7.2%. During the 6 month period the Trust renewed the lease at its urban logistics distribution unit in Bristol securing a 47% increase in the rent as well as securing a valuable planning permission on its 35,000 sq ft industrial estate in Wandsworth. The permission allows for a mixed use (residential, office and light industrial) scheme of 200,000 sq ft.
LEI: 549300BPGCCN3ETPQD32
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