TR Property Investment Trust PLC — Net Asset Value 2021

Apr 1, 2021

National Storage Mechanism | Additional information

RNS Number : 3889U

TR Property Investment Trust PLC

01 April 2021

TR PROPERTY INVESTMENT TRUST PLC

1st April 2021

NET ASSET VALUES

Ordinary Shares

As at close of business on 31st March 2021, the unaudited net asset value per Ordinary share including current financial year revenue items was 417.5p (and 417.3p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 410.8p (and 410.6p including debt marked at fair value).

The net asset value incorporates the year end revaluation of the direct property portfolio carried out by Knight Frank LLP as at 31st March 2021. The valuation of the property portfolio was £83.9m. On a like for like basis this reflects a net decrease in capital value of 1.0% over the 6 months.  As previously announced, on 25th March 2021 the Trust sold its last mile logistics asset in Bristol for £10.0m, 25% ahead of the September 2020 book value. 

LEI: 549300BPGCCN3ETPQD32

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