Standard Life Invs Property Inc Tst Edison reviews Standard Life Inv. Prop. Inc.Trust
September 02 2016 - 12:55PM
RNS Non-Regulatory
TIDMSLI
Standard Life Invs Property Inc Tst
02 September 2016
London, UK, 2 September 2016
Edison issues research review on Standard Life Inv. Property
Income Trust (SLI)
Standard Life Investments Property Income Trust (SLI) is an
actively managed fund aiming to generate an attractive level of
income, with the prospect of income and capital growth via direct
investment in commercial property. Since mid-2014, the trust has
grown significantly via acquisition; the most recent was a
portfolio of 22 complementary property assets in December 2015. NAV
total return has been ahead of the benchmark over one, three and
five years. Following the EU referendum, similar to peers, SLI's
shares have moved from a premium to a discount to NAV, while its
prospective yield of 5.9% ranks among the highest in the peer
group.
For most of the last five years, SLI's share price has traded at
a premium to NAV. Following the UK's EU referendum the shares moved
to a discount, which widened to 16.6% in early July 2016 before
narrowing to its current level of 1.6%. SLI's dividend is fully
covered and its dividend yield is one the highest in the AIC
Property Direct - UK peer group. The board has proposed a 2.5%
increase in the FY16 dividend to 4.76p, which implies a prospective
yield of 5.9%.
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