Standard Life Investments Property Income Trust

LN: SLI

£367.3m market cap

90.5p last close

SLI’s objective is to provide shareholders with an attractive level of income together with the prospect of income and capital growth through investing in a diversified portfolio of UK commercial properties. The majority of the portfolio will be invested in direct holdings within the three main commercial property sectors of retail, office and industrial.

Investment summary

Standard Life Investments Property Income Trust (SLI) has been managed by Jason Baggaley since September 2006. He aims to generate an attractive level of income, along with capital and income growth, from a broadly diversified portfolio of UK commercial property. While the manager is currently somewhat cautious on the industry outlook, he is continuing to find attractive new investment opportunities, as well as actively managing SLI’s existing assets. The company has a consistent record of outperformance, generating a higher NAV total return compared with its benchmark over the last one, three, five and 10 years. SLI currently offers a 5.5% dividend yield.

Share price graph
Price performance
%
1m
3m
12m
Actual 11.3 (1.1) (3.4)
Relative* 6.2 0.3 3.2
52-week high/low 97.0p/78.1p
*% relative to local index
Key management
Robert Peto Chairman
Keith Skeoch CEO
Jason Baggaley Fund manager

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