Net Asset Value(s)

RNS Number : 2269T

TR Property Investment Trust PLC

01 October 2014

 



TR PROPERTY INVESTMENT TRUST PLC

1 October 2014

NET ASSET VALUES

Ordinary Shares

As at close of business on 30^th September 2014, the unaudited net asset value per Ordinary share including current financial year revenue items was 261.9p (and 261.3p  including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 255.8p (and 255.2p including debt marked at fair value).

The above net asset value incorporates the half year revaluation of the entire direct property portfolio which was carried out by Deloitte Real Estate as at 30th September 2014.  The valuation of the property portfolio was £69.9m.  The valuation reflects an increase in like for like capital values over the six month period of £2.9m or 5.00%.  The property portfolio valuation at 31st March 2014 was £71.75m. During the period 2 purchases were made in Bristol and Plymouth for a total book of £8.25m and the sale of Park Place, Vauxhall completed for a net sale price of £14.07m.

 

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