Net Asset Value(s)

RNS Number : 9612P

TR Property Investment Trust PLC

01 April 2009

 



TR PROPERTY INVESTMENT TRUST PLC

1st April 2009

NET ASSET VALUES

Ordinary Shares

As at close of business on 31st March 2009, the unaudited net asset value per ordinary share including current financial year revenue items was 127.1p (and 125.4p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 122.8p (and 121.1p including debt marked at fair value).  

The net asset value incorporates the revaluation of the direct property portfolio by Drivers Jonas as at 31st March 2009. The total value of the portfolio was £47.34m. The previous valuation (30th September 2009) was £63.5m, since when the Trust has sold an office property in Woking for £7.5m, announced on 6th October 2008. On a like for like basis the 31st March 2009 valuation reflects a fall in capital value of £8.66m (15.46%).

Sigma Shares

As at close of business on 31st March 2009, the unaudited net asset value per ordinary share including current financial year revenue items was 61.4p (and  60.5p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 59.3p (and 58.5p including debt marked at fair value).

 

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