Net Asset Value(s)

RNS Number : 1769E

TR Property Investment Trust PLC

01 April 2011

 



TR PROPERTY INVESTMENT TRUST PLC

1^st April 2011

NET ASSET VALUES

Ordinary Shares

As at close of business on 31^st March 2011, the unaudited net asset value per Ordinary share including current financial year revenue items was 208.0p (and 206.7p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 203.6p (and 202.3p including debt marked at fair value). 

The above net asset value incorporates the impact of a revaluation of the entire direct property portfolio owned by the Ordinary share class which was carried out by Drivers Jonas Deloitte as at 31^st March 2011. The total of this valuation was £44.325m. The previous valuation at 30^th September 2010 was £43.325m. On a like for like basis the 31^st March valuation reflects capital growth over the six month period of £1.0m or 2.3%.

Sigma Shares

As at close of business on 31^st March 2011, the unaudited net asset value per Sigma share including current financial year revenue items was 111.9p (and 111.2p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 110.4p (and 109.8p including debt marked at fair value).

 

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