September 29, 2016 8:26 AM ET

Capital Markets

Company Overview of TR Property Investment Trust plc

Company Overview

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector. It primarily invests in growth stocks of companies across all market capitalizations. The fund also makes direct investments in property. It benchmarks the performance of its portfolio against the FTSE EPRA/NAREIT Developed Europe Capped Net Total Return Index. TR Property Investment Trust plc was formed in 1905 and is domiciled in the United Kingdom.

51 Berkeley Square

London,  W1J 5BB

United Kingdom

Founded in 1905

Phone:

44 20 7360 1200

Fax:

44 20 7360 1300

Key Executives for TR Property Investment Trust plc

Finance Manager of Thames River Capital LLP
Age: 54
Fund Manager of Thames River Capital LLP
Age: 48
Direct Property Manager of Thames River Capital LLP
Age: 35
Assistant Fund Manager of Thames River Capital LLP
Age: 35
Compensation as of Fiscal Year 2016.

TR Property Investment Trust plc Key Developments

Property Investment Trust plc Declares Final Dividend

TR Property Investment Trust plc declared a final dividend of 5.20 pence per Ordinary Share, at its annual general meeting held on 26 July 2016.

TR Property Investment Trust plc Appoints KPMG LLP as Auditors

TR Property Investment Trust plc announced that at the AGM held on July 26, 2016, it has approved appointment of KPMG LLP as auditors to the company.

TR Property Investment Trust plc Reports Unaudited Consolidated and Parent Earnings Results for the Year Ended March 31, 2016; Announces Final Dividend for the Year Ended March 31, 2016, Payable on August 2, 2016

TR Property Investment Trust Plc reported unaudited consolidated and parent earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported investment income of £27,358,000 compared to £29,315,000 reported in the same period last year. Total income was £97,088,000 against £245,763,000 reported last year. Operating profit was £85,534,000 against £229,961,000 reported last year. Profit from operations before tax was £81,958,000 against £225,909,000 reported last year. Total comprehensive income was £80,457,000 against £224,578,000 reported last year. Earnings per ordinary share were 25.34 pence against 70.74 pence reported last year. Net cash inflow from operating activities was £24,990,000 against £45,243,000 reported last year. Net asset value per ordinary share as on March 31, 2016 was 335.56 pence compared to 318.12 pence as on March 31, 2015. Revenue earnings per share were 8.36 pence compared to 8.89 pence a year ago. For the year, the parent company reported net cash inflow from operating activities was £9,993,000 against £45,368,000 reported last year. The company announced a final dividend of 5.20 pence per share for the year ended March 31, 2016, a 9.5% increase over the prior year final dividend. This brings the full year dividend to 8.35p, a 8.4% increase on the 2015 total of 7.70 pence. The dividend will be paid on 2 August 2016 to shareholders on the register on 24 June 2016. The shares will be quoted ex-dividend on 23 June 2016.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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