Improving real estate market boosts TR Property
By Abigail Townsend
Date: Wednesday 10 Jun 2026
(Sharecast News) - TR Property Investment Trust posted a jump in annual revenue earnings on Wednesday, as conditions picked up across the real estate sector.
Posting results for the year to 31 March, the trust - which focuses on the UK and European commercial property markets - said net asset value rose 1.9% to 333.48p per share while revenue earnings per share rallied 21.8% to 15.81p.
Chair Kate Bolsover called it a "strong" recovery in revenue earnings, supported by "improving real estate fundamentals and rising dividend distributions across the portfolio".
She continued: "While geopolitical events have again tested investor confidence, the underlying picture remains encouraging, with open debt market and listed property companies trading on historically wide discounts to NAV.
"As earnings continue to recover, we believe the portfolio remains well placed to capture value over the long term."
Looking to the current year, and TR Property acknowledged that the Iran war would likely have an impact going forward.
Bolsover said: "There are periods when it feels like fluctuations in global sentiment overwhelm all local investment considerations. We are in one such period.
"Crucially, the impact of the war in the Middle East is on supply side cost inflation. There is no credit crisis and debt remains readily available. This is important for leveraged assets such as real estate.
"The centre issue for the global economy will be how far shortages and disruption to supply chains, alongside the spike in fossil fuel prices, leads to cost inflation."
The trust is recommending a final dividend of 10.35p per share, bringing the full-year payout to 16.10p per share, a 1.3% rise year-on-year.
As at 0945 BST, the FTSE 250 stock was up 1% at 307.6p.
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