Following the release of TR Property’s interim results this month, fund manager Marcus Phayre-Mudge provided comment to several media publications, after reporting a robust first half, navigating what manager Marcus Phayre-Mudge described as a “classic tug-of-war” in European real estate markets to deliver strong outperformance and a meaningful improvement in income momentum.
Marcus further stated: “It is not a fairytale recovery, but the building blocks for further progress are firmly in place.”
TRY’s discount narrowed modestly during the period and closed at 9%. “We are confident that the outcome will be viewed positively,” Marcus continued, “with a smaller number of more efficient businesses providing greater liquidity and driven by management teams aligned with shareholders.”
For further details, you can read the full articles from Green Street News, Property Week, Citywire, AJ Bell and Morningstar.
Your capital is at risk. The value of your investments can go down as well as up and you may get back less than you originally put in. Approved by Columbia Threadneedle Management Limited on 18/12/2025
