Overview
TR Property is a UK-based investment company, listed on the FTSE 250 index, which invests in Pan European equities and UK direct property on behalf of its shareholders. The Trust was formed in 1905 and has been a dedicated property investor through the Ordinary share class since 1982.
TR Property’s investment selection process seeks to identify well-managed companies of all sizes, especially those with a focus on a particular type of real estate business. They generally regard future growth and capital appreciation potential more highly than immediate initial yield or discount to asset value.
you can access the fund’s website here
Fundamentals
Price
Research History
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07 Aug 2024 11 min read
QuotedData’s Real Estate Monthly Roundup – August 2024
August 2024 Winners and losers in July 2024 Best performing funds in price terms % Tritax EuroBox 13.3 Balanced Commercial Property Trust 10.5 TR Property 10.4 AEW UK REIT 9.9 Shaftesbury Capital 9.9 Picton Property 9.4 Schroder REIT 9.1 Tritax Big Box REIT 8.9 Capital & Regional 8.3 Unite Group 7.9 Source: Bloomberg, Marten & […]
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13 Dec 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – December 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Property stocks bounced back in November after a difficult few months, with the median share price across the sector up 8.2%. Investor sentiment towards the sector improved as hopes that interest rates have hit […]
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17 Oct 2023 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Chinks of light It has been another quarter of pain for real estate investment trusts (REITs) and listed property companies, with share price weakness continuing and average falls of 13.7% across the sector (as shown in the chart to the right). There are chinks of light appearing […]
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25 Apr 2023 8 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]
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24 Jan 2023 10 min read
QuotedData’s Real Estate Annual Review – 2022
Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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03 Nov 2022 8 min read
QuotedData’s Real Estate Roundup – November 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. Having priced in a major write-down of portfolio valuations in the real estate sector, especially after interest rate expectations rocketed following the disastrous mini-budget at the end of September, the market seems to have […]
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15 Jul 2022 8 min read
QuotedData’s Real Estate Quarterly Review – Second Quarter 2022
Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]
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10 Jun 2022 16 min read
QuotedData’s Real Estate Roundup – June 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. A perpetual theme in the listed property sector over the last few years has been the persistent discount to net asset value that many companies’ share prices have traded on. Some have succumbed to […]
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12 Apr 2022 7 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2022
Real Estate Quarterly Review Kindly sponsored by Abrdn Value to be found in topsy-turvy market The first three months of 2022 have been full of significant events. Investor caution followed Russia’s invasion of Ukraine and put paid to a London-listed property company with a portfolio of Russian assets (see page 6 for details). The cost-of-living crisis […]
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08 Jul 2020 1 min read
QuotedData’s Property Summer Conference – week 1
COVID-19 is creating havoc in some parts of the property sector but others are thriving. On Wednesday 8th July we held the first of our summer property webinars where the managers of Aberdeen Standard European Logistics Income, TR Property Investment Trust, Schroder Real Estate Investment Trust, LondonMetric Property and Tritax Big Box REIT gave presentations on their fund, the property sector […]
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06 Dec 2019 5 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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19 Dec 2018 1 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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11 Dec 2017 1 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 1 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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07 Dec 2016 1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
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08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
News
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10 Jun 2024 2 min read
M&A activity boosts TR Property
TR Property posted a 15.2% increase in net asset value (NAV) to 351.1p in the year to 31 March 2024, helped by a number of its portfolio companies being the subject of merger and acquisitions (M&A). Key highlights included: TRY reported a NAV total return of 15.2% and share price total return of 22.9%. These […]
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02 Jun 2023 2 min read
TR Property reports “on a very difficult year”
TR Property (TRY) has published its annual results for the year ended 31 March 2023, which its chairman, David Watson (pictured), has described as “a very difficult year for the property market, for property shares and for the Company”. During the period, TRY’s NAV total return was -35.5%, which is modestly worse than its benchmark’s […]
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27 May 2021 1 min read
TR Property beats benchmark despite earnings dip
TR Property beats benchmark despite earnings dip – TR Property shared its annual financial report for the year ended 31 March 2021, which revealed earnings for the year were 12.25p per share, 16% lower than the prior year earnings of 14.62p. However its NAV total return was 20.7%, ahead of its benchmark total return of 15.9%, and the […]
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28 Nov 2019 1 min read
QuotedData’s other news 28 November 2019
In QuotedData’s other news 28 November 2019 Tritax EuroBox is to spend €30m extending its Barcelona warehouse by 88,000 sqm. Building starts in 2021 for completion in 2023. The warehouse is let entirely to Mango (the fashion retailer) and was already by far the largest asset in EBOX’s portfolio. This is a big bet on one […]
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13 Jun 2017 1 min read
Investment Trust Insider on UK property
Brexit isn’t all bad news for UK property The past couple of weeks have seen a clutch of results announcements by the larger real estate investment (REIT) and property trusts. The periods they are reporting on incorporate the run up to the referendum vote and its aftermath, and adverse changes to the stamp duty regime. […]
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25 May 2017 6 min read
TR Property plans 25.7% dividend increase
As TR Property announces its full year results for the year ended 31 March 2017, Hugh Seaborn, its chairman, commented: “I’m pleased to report another solid year of performance from the Trust. The Board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on […]
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09 May 2017 1 min read
Investment Trust Insider on TR Property
Many investors have a bias against funds of funds because they charge management fees on top of the fees being paid to the managers of the funds in their portfolios. Often though, these funds do produce decent performance. One listed fund of funds exemplifies this situation – TR Property (TRY) managed by Marcus Phayre-Mudge only […]
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24 Nov 2016 1 min read
TR Property benefits from its European exposure
Post the referendum, the asset value of TR Property was a significant beneficiary given the appreciation of our European assets when measured in Sterling. The Trust’s asset value rose 10.7%, ahead of the benchmark which recorded 9.7%. Whilst UK property shares fell -3.8% over the period, their UK physical portfolio held up relatively well with a […]
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25 May 2016 2 min read
TR Property outperforms as direct portfolio returns almost 20%
TR Property has announced results for the year ended 31 March 2016. The NAV rose 8.2% which was well ahead of the benchmark rise of 5.4%. However the share price total return was -1.6%. The Directors have announced a final dividend of 5.20p per share, a 9.5% increase over the prior year final dividend. This […]
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25 Nov 2015 3 min read
TR Property revenues bolstered by lower refinancing costs
TR Property Trust, managed by Marcus Phayre-Mudge (pictured), has announced its interim results for the half year ended 30 September 2015. During the period, the company’s NAV rose by 0.6% on a total return basis, ahead of the company’s benchmark , which fell 2.0%, whilst the share price fell by 4.1% and the discount to NAV increased […]
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27 May 2015 2 min read
TR Property extends run of good performance
TR Property beat its benchmark by a decent margin over the year to the end of March 2015, producing a return on net assets of 28.3% and a share price return of 29.5% as compared to a 23.3% return on the benchmark. The dividend was increased by 3.4% on earnings up 9.9% and the dividend […]
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24 Apr 2015 1 min read
Cayenne Trust says considering proposals for future of the company
The Cayenne Trust’s results for the year ended 31 January 2015 have been published. The company’s net asset value total return and share price total return were both 12.1% for the period. This compares to an 11.6% return on the FTSE All-Share Equity Investments Index. The dividend has been increased from 1.2p to 3.8p. The […]
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26 Nov 2014 1 min read
Good six months for TR Property
TRY : Good six months for TR Property TR Property’s net asset value rose by 2.7% to reach 261.8p over the six months that finished on 30 September and the share price rose by a similar amount. The interim dividend has been increased from 2.85p to 2.95p. On a total return basis the fund beat […]
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28 May 2014 1 min read
TR Property : TRY – final results
TR Property results for the year ended 31 March 2014 were good. The Company’s benchmark delivered a total return of 14.9%, just ahead of the return on the IPD index of 14.0%. The total return on net assets over the year was 22.4% and the return to shareholders was 37.7% as the discount narrowed to […]
Upcoming Events
In The Press
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16 Jul 2024 1 min read
The investment trust sector to own when rates are cut
By Jean-Baptiste Andrieux, Reporter, Trustnet,16 July 2024: Real estate investment trusts (REITs) have suffered through a daunting couple of years as inflation and interest rates have risen, but those headwinds are dissipating. With many trusts trading at wide discounts, experts believe this is a good time to revisit the sector. Typically, higher inflation and rising […]
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17 Jun 2024 1 min read
10 experts name their top investment trust bargain
by Jennifer Hill from interactive investor, 17th June 2024: Discounts are wide across the investment trust universe, giving investors plenty of bargain-hunting potential. The average discount across 288 investment trusts that publish net asset values (NAVs) was -17.7% at the end of May, compared to -5% across 241 trusts five years ago, according to an […]
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1 min read
As high-tech offices lure staff and top investors… Follow our experts’ guide
By ANNE ASHWORTH, Daily Mail, 15 June 2024: For the past few years, the commercial property sector has been an investment no-go zone, ravaged by higher interest rates, inflation and the pandemic’s impact on shopping and working. The general disquiet was highlighted this week by the cancellation of the stock market launch of Special Opportunities, […]
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20 Jan 2023 2 min read
Investment trust bargains: how to find them and where to look in 2023
by Kyle Caldwell from interactive investor, 19th January 2023: We explain the tricks of the trade to find potential discount opportunities, and name the three areas where analysts are finding plenty of value in 2023… The first thing to point out is that while investment trust discounts offer opportunities to buy a basket of investments […]
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10 Oct 2022 1 min read
‘Buying opportunities are better than ever’ for investment trusts
Eve Maddock-Jones, Investment Week, 05 October 2022: Investment trusts have been pushed to the widest discounts in years due to the abnormally high levels of market volatility and uncertainty. This includes not only closed-ended portfolios that have been running on a discount long-term, but portfolios that have historically run on significant premiums now being reduced. […]
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18 Aug 2020 2 min read
James Carthew on TR Property
James Carthew on TR Property – James Carthew: Think there’s upside to property woes? Try this trust Retail property companies are struggling to survive and the jury is out on how prolonged the slump in demand for offices will be. We are some way away from knowing the full impact of Covid-19 on our economy. It […]
