Lacklustre tenancy market causes portfolio dip for Invesco Property Trust

The net asset value (NAV) of the Invesco Property Income Trust fell further into the negative in the final three months of 2012, to -17.9p compared with -16.7p per share on an unadjusted basis.

The net asset value (NAV) of the Invesco Property Income Trust fell further into the negative in the final three months of 2012, to -17.9p compared with -16.7p per share on an unadjusted basis.

The company directors continued to assess market conditions, with the aim of making disposals when this can take place at favourable rates. No transactions took place in the final quarter of 2012.

The group expects that upkeep efforts at the Old Jewry property in London will lead to higher rents for the building, however other properties are reporting difficulties in keeping maximum occupancy in what the group describes as a "tenant-favourable market".

On an adjusted basis, the trust's NAV fell to -9.9p, from 8.9p. As of the end of last year, the company's property portfolios were valued at £72.3m.

JF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
James Ferguson: How bad data is driving fear of a second wave of Covid-19
UK Economy

James Ferguson: How bad data is driving fear of a second wave of Covid-19

Merryn and John talk to MoneyWeek regular James Ferguson about the rise in infections in coronavirus and what the data is really telling us.
17 Sep 2020