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About the company
abrdn Property Income Trust Ltd is an investment company. The Company carries on the business of property investment through a portfolio of freehold and leasehold investment properties located in the United Kingdom. The Company’s investment objective is to provide an attractive level of income together with the prospect of income and capital growth. The Company invests in a diversified portfolio of United Kingdom commercial real estate assets in the industrial, office, retail and other sectors, which includes leisure, data centers, student housing, hotels and healthcare. Its investment in property development and investment in co-investment vehicles, where there is more than one investor, is permitted up to a maximum of 10% of the property portfolio. abrdn Fund Managers Limited is the Company’s investment manager.
- Revenue in GBP (TTM)-74.54m
- Net income in GBP-91.50m
- Incorporated2003
- Employees0.00
- Locationabrdn Property Income Trust LimitedTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
- Phone+44 1 481745001
- Websitehttps://www.abrdnpit.co.uk/
Profile
| Management group(s) | abrdn Fund Managers Limited |
|---|---|
| AIC sector | Property - UK Commercial |
| ISIN | GB0033875286 |
| Launch date | 18 Dec 2003 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Directors intend to achieve the investment objective by investing in a diversified portfolio of UK real estate assets in the industrial, office, retail and ‘other’ sectors, where ‘other’ includes leisure, data centres, student housing, hotels and healthcare.
Managed by
| Jason Baggaley, Mark Blyth |
|---|
Management & contract fees
Under the terms of the IMA, the Investment Manager is entitled to 0.6% p.a of total assets up to GBP 500m; and 0.5% p.a of total assets in excess of GBP 500m.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Capital & Regional plc | 62.90m | -8.60m |
| Regional REIT Ltd | 53.72m | -67.46m |
| Phoenix Spree Deutschland Ltd | 22.90m | -64.93m |
| Aew UK Reit PLC | 22.55m | -12.49m |
| Foxtons Group PLC | 147.13m | 5.49m |
| abrdn Property Income Trust Ltd | -74.54m | -91.50m |
| Newriver Reit PLC | 69.90m | -23.50m |
| Triple Point Social Housing REIT PLC | 39.84m | 34.99m |
| Property Franchise Group PLC | 27.28m | 7.40m |
| Helical PLC | 45.61m | -174.84m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Hargreaves Lansdown Asset Management Ltd.as of 31 Mar 2023 | 47.27m | 12.40% |
| Interactive Investor Services Ltd.as of 31 Mar 2023 | 35.07m | 9.20% |
| AJ Bell Asset Management Ltd.as of 31 Mar 2023 | 23.25m | 6.10% |
| BlackRock Investment Management (UK) Ltd.as of 27 Mar 2024 | 19.19m | 5.03% |
| Brewin Dolphin Ltd.as of 27 Mar 2024 | 15.36m | 4.03% |
| Brooks Macdonald Asset Management Ltd.as of 25 Mar 2024 | 11.86m | 3.11% |
| Legal & General Investment Management Ltd.as of 20 Mar 2024 | 8.31m | 2.18% |
| M&G Investment Management Ltd.as of 01 Mar 2024 | 7.18m | 1.88% |
| BlackRock Advisors (UK) Ltd.as of 02 Apr 2024 | 7.02m | 1.84% |
| Close Asset Management (UK) Ltd.as of 15 Mar 2024 | 5.89m | 1.54% |
