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TR Property Investment Trust PLC announced its unaudited Net Asset Values (NAVs) and updated direct property portfolio valuation as of 30 September 2022. The NAV per ordinary share, including current financial year revenue items, was 319.6p, and excluding these items, it was 307.5p. The direct property portfolio was valued at £84.525m, reflecting a net capital value decrease of 7.5% over six months on a like-for-like basis from its £97.115m valuation at 31 March 2022.
| Date | 3 Oct 2022 |
| Time | 18:04:54 |
| Category | Corporate updates |
| ID | 6296B |
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From: |
TR Property Investment Trust plc |
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Date: |
03 October 2022 |
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LEI: |
549300BPGCCN3ETPQD32 |
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NET ASSET VALUES as at |
30 September 2022 |
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Ordinary Shares |
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Unaudited net asset value per Ordinary share including current financial year revenue items |
319.6p |
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(including debt marked at fair value) |
319.8p |
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Unaudited net asset value per Ordinary share excluding current financial year revenue items |
307.5p |
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(including debt marked at fair value) |
307.8p |
The net asset value incorporates the year end revaluation of the direct property portfolio carried out by Knight Frank LLP as at 30th September 2022. The valuation of the property portfolio was £84.525m. This reflects a net decrease in capital value of -7.5% over the 6 months on a like for like basis. The property portfolio valuation at 31st March 2022 was £97.115m. During the period the Trust sold the residential element of the Colonnades for £5.05m.