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) aims to generate both income and capital growth from investing directly in UK commercial property. Its emphasis continues to be on generating above-average income for shareholders and it currently yields 5.4%. In FY16, the dividend was 117% covered by earnings and the manager, Jason Baggaley, is reasonably sanguine about future dividend prospects. Relative performance is measured against the quarterly version of the IPD Monthly Index Funds, which is representative of UK direct property funds. SLI has outperformed this benchmark, in NAV total return terms, over one, three and five years.

Last updated on 23/05/2017

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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