TR Property reported its interim results on the 25 November 2015. Whilst the NAV only rose by 0.6% on a total return basis, it outperformed the benchmark which fell 1.95%. The shares have been weak over the past month and are now trading on a wide 5% discount to NAV compared with the wider UK Real Estate sector on a 1% discount. In contrast, the outlook for the property markets in its areas of focus (UK, Germany and Sweden) remains attractive, as does its 2.7% dividend yield. We reiterate our Buy rating.
Category Archives: News
Marcus Phayre-Mudge Interview with Citywire
In a video interview before half-year results from TR Property, a top-performing property equity fund, Marcus Phayre-Mudge, manager of the investment trust, addresses the two main concerns investors have towards commercial property.
Oriel TR Property Comment
We recently visited one of TR Property’s direct property assets, The Colonnades, Bayswater and provide a brief overview of the project. Management is making good progress with the redevelopment of five new retail units plus Waitrose with completion expected in November 2015.
TR Property IT sells Park Place for £14.47m
Wed, 04/06/2014 – 14:10 Property Funds World
TR Property Investment Trust has sold its Park Place, London SW8 property for £14.47m in a deal that will see the trust make a 70 per cent return on the asset.
Commercial Property Investment Video
In this video Marcus Phayre-Mudge discusses investment opportunities within commercial property with Jeremy Tigue of the F&C Investment Trust and Ian McBryde of F&C UK Real Estate Trust