Standard Life Investments Property Income Trust - Unaudited Net Asset Value as at 31 March 2021
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LEI: 549300HHFBWZRKC7RW84
Net Asset Value and Valuations
· Net asset value ( NAV ) per ordinary share was 85.3p (Dec 2020 - 82.0p), an increase of 4.0%, resulting in a NAV total return, including dividends, of 4.9% for Q1 2021;
· The portfolio valuation (before CAPEX) increased by 2.5% on a like for like basis, whilst the MSCI Monthly Index increased by 0.9% over the same period.
Investment and letting activity
· Further restructuring of the portfolio to have assets fit for purpose in a post COVID-19 world with the completion of three sales - two of them were offices (Derby: £4.65m and Dartford: £3.1m) and one a retail warehouse in Bradford for £2.65m.
Pre-close trading update GHS expects to publish its full-year results in June. The latest factsheet for the period 1 January 2021 to 31 March 2021 is available at: www.ghsplc.com FY21 Summary, for the period ended 31 March 2021 § The Board s confidence in the strategy, the team and the portfolio, after a unique year for UK stock markets and significant portfolio evolution, is reflected in the decision to raise the dividend by 20% for the third year running. § GHS Total Shareholder Return (TSR) was 59.3% in the year to 31 March 2021.
1 § Unaudited NAV Total Return performance of 44.3% to 1,515.4p/share vs FTSE All Share Index and the FTSE Small Cap (ex-ITs) Index total returns of 27.1% and 75.0% respectively in the year to 31 March 2021.