Standard Life Invs Property Inc Tst Edison issues review on Standard Life Inv.
May 24 2017 - 7:53AM
RNS Non-Regulatory
TIDMSLI
Standard Life Invs Property Inc Tst
24 May 2017
London, UK, 23 May 2017
Edison issues review on Standard Life Inv. Property Income Trust
(SLI)
Standard Life Investments Property Income Trust (SLI) aims to
generate both income and capital growth from investing directly in
UK commercial property. Its emphasis continues to be on generating
above-average income for shareholders and it currently yields 5.4%.
In FY16, the dividend was 117% covered by earnings and the manager,
Jason Baggaley, is reasonably sanguine about future dividend
prospects. Relative performance is measured against the quarterly
version of the IPD Monthly Index Funds, which is representative of
UK direct property funds. SLI has outperformed this benchmark, in
NAV total return terms, over one, three and five years.
SLI's current share price premium to NAV of 8.7% is higher than
the averages of the last one, three and five years (range of 4.6%
to 7.1%), perhaps reflecting SLI's high real income generation and
growth potential in a low-income, low-growth world. The ongoing
programme to issue shares at a premium should help improve supply
while also serving to enhance the NAV per share for existing
shareholders.
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For more information please contact Edison:
Neil Shah, +44 (0)20 3077 5715
Mel Jenner, +44 (0)20 3077 5720
investmenttrusts@edisongroup.com
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