TR Property Investment Trust A UK based investment company, listed on the FTSE 250 index investing in Pan European property equities & UK direct property HOMEABOUT PERFORMANCE NEWS ANNUAL REPORTFACTSHEETHOW TO INVESTCONTACT Report for 2021 Click here for the March 2021 Annual Report Click here for the Sept 2020 Interim Report October 2021 By TR Property | 23rd November 2021 Pan European real estate equities enjoyed a healthy recovery after the weakness seen in September. The Trust’s net asset value (NAV) rose +4.4%, while the benchmark gained +3.7%. The share price didn’t quite keep up with the NAV and rose +3.6%. Continental European real estate equities performed strongly and collectively rallied +5.5% in euro terms. Meanwhile, UK companies gained +3.6% in sterling terms. Continue reading → September 2021 By TR Property | 13th October 2021 The Trust’s net asset value (NAV) fell -7.5% in September, the first negative monthly performance in this financial year (31st March year-end). The benchmark, pan-European real estate securities (EPRA Developed Europe, Net total returns) returned an even poorer -8.3% in sterling terms. It was the second-worst performing Global Industry Classification Standard sector (only utilities fared worse) on the back of increasing inflation fears and rising bond yields. Over the month, 10-year government yields soared by around 20-30bps across Europe and the UK. Continue reading → August 2021 By TR Property | 14th September 2021 Pan European real estate equities returned a healthy 3.2% (in sterling) in what is traditionally the quietest month of the year, and the Trust’s net asset value rose slightly more at 3.3%. A tug of war continues between an abundant supply of liquidity (the ’there is no alternative’ mindset) and investor worries; this drives a lack of conviction around the macroeconomics. The Jackson Hole symposium provided little new information for market participants, and bond yields have demonstrated little volatility. For many parts of the real estate landscape, the outlook is favourable. Inflation is here and, whether you view it as temporary or persistent, you want to protect your earnings. For this reason, index-linked income or earnings which respond to economic growth are attractive. Continue reading → July 2021 By TR Property | 24th August 2021 The pan-European listed real estate sector (FTSE/EPRA Developed Europe, net, total return, in sterling) returned +5.8% in July, outperforming wider European equities, which returned +4.5% as measured by Stoxx600 (total return, in euros). Declining bond yields – notably German 10-year bunds, which were down -25 basis points (bps) to 45bps, and UK 10-year gilts, which were down -15bps – drove real estate equities higher, while the hunt for yield intensified (yet again). The average yield on 10-year government bonds across the G10 is now 0.3%. The concerns over rising interest rates at the beginning of the year now feel like a distant memory and the amount of negative-yielding global bonds, at US$16 trillion, is not far from all-time highs. Continue reading → June 2021 By TR Property | 19th July 2021 The Trust’s benchmark, FTSE/EPRA Nareit Developed Europe TR in GBP returned precisely 0.0% in the month. On the face of it a dull month but that is far from the reality. The index rose 4.5% to the middle of the month continuing the positive momentum we’ve seen since the end of March. However, from 14th onwards we saw a steady decline erasing all the growth from earlier in the month as investors once again appeared to worry about inflation and rising yields. We remain of the view that real estate and other real assets will be relative outperformers in an inflationary environment as investors seek index-linked income with pro-cyclical growth opportunities. Continue reading → Post navigation ← Older posts Search for: Latest share price Price 499.00 NAV 515.64 Yield 2.92% Discount -3.23% As at date 25/11/2021 Source: Bloomberg Signup to updates The outlook for real estate webinar Marcus Phayre-Mudge, manager of TR Property Investment Trust, will explain how he has positioned the portfolio to benefit from high levels of index-linked income whilst also seeking exposure to sub-sectors enjoying strong organic rental growth driven by tenant demand amidst an acceleration of key trends in a post-pandemic world. Please click here for the webcast link TR Property AGM 27 July 2021 The AGM took place at 2.30pm on 27 July 2021 at the Royal Automobile Club, 89/91 Pall Mall, London SW1Y 5HS. A replay of the webcast is available from the below link : Please click here for the webcast link Use of this site is subject to oursite use disclaimer and legal statement © 2021 TR Property Investment Trust