The Trust was formed in 1905 and has been a dedicated property investor through the Ordinary share class since 1982.
In July 2007 a second share class, the Sigma share class, was introduced. This was created mainly through the conversion of some of the existing Ordinary shares into Sigma shares. The Sigma share class was created to focus on smaller property companies and therefore held a portfolio invested in the shares of smaller property companies on an international basis, it did not invest in property directly. In December 2012 the Sigma shares were redesignated as Ordinary shares and the two portfolios merged.
The objective of TR Property Investment Trust plc (“the Trust”, “the Company” or “the Group”) is to maximise shareholders’ total returns by investing in property shares and investment property.
The Trust now has a single Ordinary share class – a portfolio invested in the shares of property companies of all sizes on an international basis and also in investment property located in the UK.
Our investment selection process seeks to identify well-managed companies of all sizes, especially those with a focus on a particular type of real estate business. We generally regard future growth and capital appreciation potential more highly than immediate initial yield or discount to asset value.