Author Archives: TR Property

May 2021

By | 9th June 2021

May was another positive month for real estate equities, but not quite as dramatic as April, with the benchmark (FTSE EPRA Nareit Developed Europe Total Return index in sterling) up +3.3%. The Trust’s net asset value (NA) grew +3.8%. Continental Europe returned +4.4% in euro terms, comfortably ahead of the UK (in sterling) at +1.8%.… Read More »

ii Podcast. Marcus Phayre-Mudge: The Richard Hunter Interview

By | 2nd June 2021

Richard is joined by Marcus Phayre-Mudge, fund manager of the TR Property Investment Trust, to discuss investing in physical property, removing liquidity concerns, how the trust has managed during the last 12 months, and the changing environment. This material is intended for educational purposes only and is not investment research or a personal recommendation to buy… Read More »

April 2021

By | 13th May 2021

April was a strong month for pan-European property shares, with the benchmark rising +7.2%. The Trust’s net asset value (NAV) rose +8.2% and the share price +8.5%, so a good month all round. While currencies do not impact relative performance (as all exposure is in line with the benchmark), they do clearly affect absolute returns.… Read More »

March 2021

By | 16th April 2021

A positive month for equities across the board with real estate equities performing broadly in line when measured in local currency. EPRA (ex UK) when measured in EUR returned a respectable +3.2% but in GBP just +1.3% given the continued strengthening of GBP over the last quarter. GBP has now risen over 5% versus EUR… Read More »