Citywire printed articles sponsored by:


View the video online at http://citywire.co.uk/wealth-manager/video/a731660

Has all the value disappeared from commercial property?

Sponsored By:

by Robert St George on Feb 13, 2014 at 15:51

Has all the value disappeared from commercial property?

Michael Morris, manager of the Picton Property Income trust, tells Wealth Manager that the re-rating of property trusts’ shares is not the end of the story.

The average constituent of the UK Direct Property sector now trades on a 13% premium to its net asset value (NAV), but Morris argues that NAV growth – although it won’t be spectacular – can support those valuations.

Picton Property Income has returned 69% over the past year and 533% on a five-year view, compared with peer-group averages of 33% and 223% respectively over the same periods.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

More about this:

Look up the investment trusts

  • Picton Property Income (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

Read more...

Co-op files £2.5bn loss after 'disastrous' 2013

by David Campbell on Apr 17, 2014 at 09:20

Sorry, this link is not
quite ready yet