Standard Life Investments Property Income Trust (SLI)

Business description

SLI’s objective is to provide shareholders with an attractive level of income together with the prospect of income and capital growth through investing in a diversified portfolio of UK commercial properties. The majority of the portfolio will be invested in direct holdings within the three main commercial property sectors of retail, office and industrial.

Stock data

Market cap.£237.3m
Last close85.75p
High / Low (52 weeks)90.2p / 73.5p
Stock market listingLN
Forecast net cash (NZ$m)3.4
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

Standard Life Investments Property Income Trust (SLI) is an actively managed fund aiming to generate an attractive level of income, with the prospect of income and capital growth via direct investment in commercial property. Since mid-2014, the trust has grown significantly via acquisition; the most recent was a portfolio of 22 complementary property assets in December 2015. NAV total return has been ahead of the benchmark over one, three and five years. Following the EU referendum, similar to peers, SLI’s shares have moved from a premium to a discount to NAV, while its prospective yield of 5.9% ranks among the highest in the peer group.

Last updated on 02/09/2016

Key management

Robert Peto, Chairman
Keith Skeoch, CEO
Jason Baggaley, Fund manager

Company address

1 George Street
Edinburgh
EH2 2LL
United Kingdom
0345 60 60 062
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