28 Jan 2019 16:30
London, UK, 28 January 2019
Edison issues review on Standard Life Inv. Property Income Trust (SLI)
Standard Life Investments Property Income Trust (SLI) has been managed by Jason Baggaley since September 2006. He aims to generate an attractive level of income, along with capital and income growth, from a broadly diversified portfolio of UK commercial property. While the manager is currently somewhat cautious on the industry outlook, he is continuing to find attractive new investment opportunities, as well as actively managing SLI's existing assets. The company has a consistent record of outperformance, generating a higher NAV total return compared with its benchmark over the last one, three, five and 10 years. SLI currently offers a 5.5% dividend yield.
SLI has not been immune to the general stock market volatility in 2018 and the company has regularly traded at a discount since the end of Q318. The current 4.7% discount compares with a range of a 10.7% premium to a 14.6% discount over the last 12 months. Over the last one, three, five and 10 years, SLI's shares have traded at average premiums of 2.3%, 4.3%, 6.2% and 3.5% respectively. The fund currently offers a 5.5% dividend yield, which is above the average of its peers.
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