Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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 or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter