Standard Life Investment Property Income : SLI – results

Standard Life Investment Property Income has announced its results for the year ended 31 December 2013. Over the year the fund generated a net asset value total return of 25.2%. The share price increased by 20.2%, equivalent to a total return of 29.2%. The dividend was unchanged on the previous year but the yield at the end of the year was 6.5%.

The company is currently an offshore investment company but the Board has decided it makes sense to convert it to a UK REIT and will put proposals to shareholders later in the year to that effect.

 The company sold two properties for £15.7m during the year and bought four properties for £22.6m including the retail warehouse in Bradford pictured 

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