Presentation by Marcus Phayre-Mudge, Fund Manager. Marcus gives an overview of the fund, and some insight to the commercial property sector during the COVID-19 period.
Citywire’s Gavin Lumsden spoke to Marcus Phayre-Mudge, manager of TR Property Investment Trust PLC after the Investment Trust’s Annual Report was published today (29 May 2020). To listen to the podcast please click here
Pan-European broad equities (measured by the STOXX Europe 600 index, in euros) generated total returns of +6.7%. They shrugged off poor corporate earnings releases and dreadful macroeconomic news flow in April, warmed by the enormous central bank and government support actions. Pan-European property stocks (EPRA Developed Europe, sterling, total returns) returned +1.7%, lagging the wider… Read More »
March 2020 saw the most dramatic real estate equity market performance in living memory (and certainly in the 24 years I have been involved in the management of TR Property). The net asset value (NAV) fell -19.8%, while the benchmark was down -19.1%. The share price fell by -26.7%. These were all unprecedented figures over… Read More »
Pan European real estate equities – much like many other equity sectors – reached all time highs this month. This record statistic was swiftly followed by another more ominous one, that of consecutive daily market corrections. In the case of our index a fall of -9.1% between 21st and 28th February. The UK element of… Read More »