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Update from QuotedData

RNS Number : 5502J

abrdn Property Income Trust Ltd

17 August 2023

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abrdn Property Income Trust - Update from QuotedData

17^th August 2023

Ready and waiting

Negative investor sentiment towards the commercial real estate sector has seen the share price discount to net asset values (NAVs) among REITs and listed property companies remain excessively wide, including abrdn Property Income Trust (API). This is despite a large valuation correction at the end of 2022 and transactional evidence of value stabilisation. A re-rating of the sector and API's shares should be triggered by market indications that interest rates have peaked (due to their close correlation with property yields), so promising inflation data for June was encouraging.

For API's manager, the focus continues to be on growing income, and on that front it has performed well. Asset management initiatives within the portfolio have seen its vacancy rate drop to below 5%, after a string of recent lettings within its office portfolio. Additional rental reversion potential across the wider portfolio might encourage further positivity.

Full Research:

https://quoteddata.com/research/abrdn-property-income-trust-ready-and-waiting-qd/

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Update from QuotedData - Abrdn Property Income Trust Limited | RNS | Ticker