Author Archives: TR Property

August 2020

By | 10th September 2020

Pan European real estate equities rose +1.49% (when measured in GBP) with the Trust’s NAV +2.15%. The share price rose an encouraging +5.4% as the discount tightened towards 10%. The month was characterised by a continuation of the theme of the top performing sectors (industrial/logistics, residential, long income) keeping on winning and weakened sectors (retail,… Read More »

July 2020

By | 13th August 2020

The Trust’s net asset value (NAV) with income rose +1.39% versus a return of +0.07% for the benchmark, while the share price returned +2.55%. The discount still stands at an attractive -13%. European property companies, measured by the FTSE EPRA Developed Europe Index, generated total returns of +1.2% in euros, outperforming general equities (measured by… Read More »

Post-AGM Update

By | 29th July 2020

As announced on 22nd June 2020, TRY held the AGM on 28th July 2020 as a closed meeting in order to protect the health and safety of the Company’s shareholders and officers. The results of the voting at the Trust’s 2020 Annual General Meeting have been published separately here. In lieu of the usual AGM… Read More »

June 2020

By | 15th July 2020

Pan European real estate equities started the month very much continuing the late May theme of benefiting from the rotation  away from growth focused (and more expensive) stocks towards the ‘value’ (cheaper multiples) names. However mid month that macro tailwind petered out and the sector corrected almost -7% in 5 days, this was followed by… Read More »

July 2020 AGM Presentation

By | 1st July 2020

As announced previously, the AGM in late July will now be a closed meeting without the usual manager presentation. Instead, the manager has posted a webcast (in the format of the usual presentation held at the AGM) covering the year to March 2020 and an update to June in the video link. If shareholders would… Read More »