Edison reviews Standard Life Inv Pty. Inc. Trust

RNS Number : 7224Y

Standard Life Invs Property Inc Tst

07 December 2017

 

London, UK, 7 December 2017

Edison issues review on Standard Life Inv. Property Income Trust (SLI)

Standard Life Investments Property Income Trust (SLI) holds an actively managed portfolio of UK commercial property. Since September 2006, the trust has been managed by Jason Baggaley, who aims to generate an attractive level of income with the potential for income and capital growth. SLI has a strong performance track record - its NAV total return has outperformed its benchmark IPD Monthly Index Funds (quarterly version) over one, three, and five years, while its share price total return has also outperformed over 10 years. SLI regularly trades at a premium, which the board aims to manage via share issuance.

SLI's current 5.5% premium to NAV compares to the average premiums of 8.0%, 6.6% and 7.7% over the last one, three, and five years respectively. The board issues equity, aiming to limit the premium; so far in 2017, an additional 3.5% of ordinary shares have been issued. Over each of the last five years, the annual dividend has either grown or held steady, compounding at an average annual rate of 1.3%. Based on the current share price, SLI has a dividend yield of 5.2%.  

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