Abrdn Property Income Trust Limited (API)

Sector:

Real Estate

Index:

FTSE Small Cap

49.00p
   
  • Change Today:
    -5.20p
  • 52 Week High: 57.10
  • 52 Week Low: 44.15
  • Currency: UK Pounds
  • Shares Issued: 381.22m
  • Volume: 3,822,427
  • Market Cap: £186.80m
  • RiskGrade: 122

Standard Life bests All-Share average return

By Iain Gilbert

Date: Thursday 31 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Guernsey based firm, Standard Life Investments said that stronger than anticipated valuation increases and successful asset management brought about a total net asset value return of 6.6% in the first half of the year.
Standard Life reported a return on shares of 6.0% for the period, above the FTSE All-Share average 5.5% and the FTSE All-Share REIT median at 3.5%.

The firm also said it had continued to reduce gearing as funds from the £22.3m worth of sales it made in the half were used to reduce loan-to-value (LTV) down to 19.9% from 26% as of 31 December.

SLI issued just over 8m new shares in the half, generating £6.9m for the company's investment portfolio.

Chairman, Robert Peto said, the "portfolio still produces an above benchmark income return which, combined with a strong tenant base and strong rent collection profile, underpins the company's attractive dividend yield in a world where income is still very much in demand. With a debt structure that remains prudent while providing the resource and flexibility to act quickly should opportunities arise and an Investment Manager which has a proven track record of delivering above benchmark returns, I continue to believe that your company is well placed to meet the challenges that lie ahead."

As of 0833 BST, shares had not moved, sitting at 89.00p

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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.

 

API Market Data

Currency UK Pounds
Share Price 49.00p
Change Today -5.20p
% Change -9.59 %
52 Week High 57.10
52 Week Low 44.15
Volume 3,822,427
Shares Issued 381.22m
Market Cap £186.80m
RiskGrade 122

API Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.37% above the market average67.37% above the market average67.37% above the market average67.37% above the market average67.37% above the market average
15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average
Price Trend
10.17% above the market average10.17% above the market average10.17% above the market average10.17% above the market average10.17% above the market average
2.33% below the sector average2.33% below the sector average2.33% below the sector average2.33% below the sector average2.33% below the sector average
Income
11.11% above the market average11.11% above the market average11.11% above the market average11.11% above the market average11.11% above the market average
16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average
Growth
80.71% below the market average80.71% below the market average80.71% below the market average80.71% below the market average80.71% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

API Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 08-Feb-24 16-Nov-23
Paid 23-Feb-24 30-Nov-23
Amount 1.00p 1.00p

Trades for 28-Mar-2024

Time Volume / Share Price
11:29 7,926 @ 49.48p
11:28 4,909 @ 49.00p
11:28 8,425 @ 49.00p
11:28 10,000 @ 48.90p
11:28 3,106 @ 49.00p

API Key Personnel

Chair James Clifton-Brown

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