Standard Life Investments Property Income Trust - Unaudited Net Asset Value as at 31 March 2021
PR Newswire
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.
Two weeks on from the latest step taken in lockdown easing and it seems the country has acquired an insatiable appetite for consuming pints of beer outside and queuing patiently to get into Primark.
While our enthusiasm for alfresco drinking may be dependent upon the weather, investment analysts are busy assessing whether people s adoration of Primark will continue once a trip to non-essential shops becomes less of a novelty.
Primark s fortunes matter because the clothing store is a bellwether for the health of the nation s high street. With so much shopping done online during the pandemic, as bricks-and-mortar stores have been inaccessible, its success or otherwise in the months ahead will show whether shopping habits have changed forever or not.
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