Net Asset Value(s)

RNS Number : 0707A

TR Property Investment Trust PLC

01 October 2009

 



TR PROPERTY INVESTMENT TRUST PLC

1st October 2009

NET ASSET VALUES

Ordinary Shares

As at close of business on 30th September 2009, the unaudited net asset value

per ordinary share including current financial year revenue

items was 180.3p (and 178.6p including debt marked at fair

value). The unaudited net asset value excluding current financial year revenue

items was 176.6p  (and 174.9p  including debt marked at fair value).  

Ordinary Share Class Property Revaluation

The above net asset values incorporate impact of a revaluation of the entire direct property portfolio owned by the Ordinary share class which was carried out by Drivers Jonas as at 30th September 2009. The total of this valuation was £47.115m. The previous valuation at 31st March 2009 was £47.340m. On a like for like basis the 30th September valuation reflects a decline in capital values over the six month period of just £0.225m or 0.475%. 

Sigma Shares

As at close of business on 30th September 2009, the unaudited net asset value per

ordinary share including current financial year revenue items

was 93.3p (and  92.4p  including debt marked at fair value). The unaudited net

asset value excluding current financial year revenue items

was 91.6p  (and 90.8p  including debt marked at fair value). The Sigma share class does not hold any directly owned property. 

 

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