LKKL14 September 2021
STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST
RESULTS IN RESPECT OF THE HALF YEAR ENDED 30 JUNE 2021
Performance Summary – Financial Review
– NAV total return 10.2 PERCENT
NAV total return of 10.2.% in the six months to 30 June 2021 (H1 2020: -9.0%) as UK commercial property values began to recover, particularly in sectors where the Company is strongly positioned. Over the longer term the Company has continued to outperform its peer group returning 159.2% over ten years compared to the AIC Property Direct – UK Commercial sector total return of 56.6% and open ended property funds total return of 38.5%.
– Loan to value 17.6 PERCENT
Loan to value of 17.6% (H1 2020: 26.2%) – Prudent gearing levels with bank covenants comfortably met.
– Share price total return 20.2 PERCENT
Share price total return of 20.2% (H1 2020: -30.9%) as the
Continue reading this atricle at https://www.marketscreener.com/quote/stock/STANDARD-LIFE-INVESTMENTS-4004480/news/Standard-Life-Investments-Property-Income-Trust-Results-in-Respect-of-the-Half-Year-Ended-30-June-36417156/