Net Asset Value(s)

RNS Number : 9678A

TR Property Investment Trust PLC

01 October 2015

 



TR PROPERTY INVESTMENT TRUST PLC

1^st October 2015

NET ASSET VALUES

Ordinary Shares

As at close of business on 30^th September 2015, the unaudited net asset value per Ordinary share including current financial year revenue items was 315.1p (and 314.9p  including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 309.5p (and 309.3p 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 2015.  The valuation of the property portfolio was £91.775m.  The valuation reflects a net increase in like for like capital values over the six month period of £6.5m or 7.6%.  The property portfolio valuation at 31st March 2015 was £75.95m. During the period an industrial property in Gloucester was purchased for a total book cost of £6.6m. In addition our redevelopment at The Colonnades, Bayswater neared completion.

 

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