TR Property Inv Trust (TRY)

Sector:

Investment Firms

Index:

FTSE 250

318.50p
   
  • Change Today:
    -7.00p
  • 52 Week High: 345.00
  • 52 Week Low: 255.00
  • Currency: UK Pounds
  • Shares Issued: 317.35m
  • Volume: 45,365
  • Market Cap: £1,010.76m
  • RiskGrade: 110

TR Property outstrips benchmark in 'good' first half

By Josh White

Date: Friday 03 Dec 2021

LONDON (ShareCast) - (Sharecast News) - TR Property Investment Trust reported a "good" first half result on Friday amid challenging market conditions, with its net asset value per share rising 13.5% to 474.34p.
The FTSE 250 firm said shareholders' funds totalled £1.51bn at the period end on 30 September, up from £1.33bn at the end of March, while net debt as a proportion of net asset value narrowed to 11.6% from 16.5%.

Revenue earnings per share jumped 34.8% year-on-year to 10.31p, while the board recommended an interim dividend of 5.3p per share, up 1.9% on the 5.2p distribution it made at the half-year last year.

Looking at its performance, TR Property reported a net asset value total return of 15.6%, down from 20.7% for the year ended 31 March, although it was still outstripping its benchmark total return, which slipped to 11% from 15.9% over the same period.

Its share price total return was 22.1% for the first half, down from 28.3% for the 2021 financial year.

"[These are] a good set of results in challenging market conditions," said chairman David Watson.

"A share price total return of over 22% and an increase in the Interim dividend reflect our confidence that income will return to pre-pandemic levels over the next 18 months."

At 0836 GMT, shares in TR Property Investment Trust were down 0.2% at 487p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRY Market Data

Currency UK Pounds
Share Price 318.50p
Change Today -7.00p
% Change -2.15 %
52 Week High 345.00
52 Week Low 255.00
Volume 45,365
Shares Issued 317.35m
Market Cap £1,010.76m
RiskGrade 110

TRY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.15% below the market average59.15% below the market average59.15% below the market average59.15% below the market average59.15% below the market average
43.92% below the sector average43.92% below the sector average43.92% below the sector average43.92% below the sector average43.92% below the sector average
Price Trend
47.43% above the market average47.43% above the market average47.43% above the market average47.43% above the market average47.43% above the market average
43.54% above the sector average43.54% above the sector average43.54% above the sector average43.54% above the sector average43.54% above the sector average
Income
4.80% above the market average4.80% above the market average4.80% above the market average4.80% above the market average4.80% above the market average
66.22% above the sector average66.22% above the sector average66.22% above the sector average66.22% above the sector average66.22% above the sector average
Growth
11.49% above the market average11.49% above the market average11.49% above the market average11.49% above the market average11.49% above the market average
23.43% above the sector average23.43% above the sector average23.43% above the sector average23.43% above the sector average23.43% above the sector average

TRY Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 29-Jun-23
Paid 11-Jan-24 01-Aug-23
Amount 5.65p 9.85p

Trades for 28-Mar-2024

Time Volume / Share Price
09:45 672 @ 325.05p
09:38 3,000 @ 324.97p
09:37 955 @ 325.46p
09:32 3,535 @ 324.48p
09:32 3,535 @ 324.93p

TRY Key Personnel

Chair Kate Bolsover

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