The latest update is out from Standard Life Investments Property Income ( (GB:API) ).
abrdn Property Income Trust Limited announced its final results for the year ending December 2024, highlighting a strategic shift following a failed merger with Custodian REIT. The company decided to liquidate its assets, resulting in a managed wind-down and the sale of its property portfolio to GoldenTree Asset Management for £351 million. This transaction led to an 8% discount on the portfolio’s valuation and a subsequent accounting loss. The company exited the REIT regime and returned capital to shareholders through a Redeemable Bonus Share Scheme. The board also restructured, reducing its size to two directors to manage ongoing costs.
More about Standard Life Investments Property Income
abrdn Property Income Trust Limited is a closed-ended investment company based in Guernsey, primarily focused on property investment. The company aims to provide shareholders with income and capital growth through its portfolio of real estate assets.
YTD Price Performance: -11.01%
Average Trading Volume: 1,354,924
Technical Sentiment Signal: Sell
Current Market Cap: £23.41M
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