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TR Property Investment Trust plc reported its unaudited net asset values per Ordinary share as at 29 March 2024, stating 351.4p including and 345.1p excluding current financial year revenue items. These figures incorporated a £37.45m direct property portfolio revaluation by Knight Frank LLP as at 28 March 2024, reflecting a 2.9% net capital value increase over six months, and the sale of The Colonnades for £33.5m during the period.
| Date | 2 Apr 2024 |
| Time | 17:28:44 |
| Category | Corporate updates |
| ID | 0446J |
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From: |
TR Property Investment Trust plc |
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Date: |
02 April 2024 |
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LEI: |
549300BPGCCN3ETPQD32 |
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NET ASSET VALUES as at |
29/03/24 |
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Ordinary Shares |
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Unaudited net asset value per Ordinary share including current financial year revenue items |
351.4 |
p |
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(including debt marked at fair value) |
351.6 |
p |
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Unaudited net asset value per Ordinary share excluding current financial year revenue items |
345.1 |
p |
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(including debt marked at fair value) |
345.3 |
p |
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The net asset value incorporates the year end revaluation of the direct property portfolio carried out by Knight Frank LLP as at 28th March 2024. The valuation of the property portfolio was £37.45m. This reflects a net increase in capital value of 2.9% over the 6 months. During the period The Colonnades was sold for £33.5m.