API Achieves Profitable Asset Sales
Company Announcements

API Achieves Profitable Asset Sales

Standard Life Investments Property Income (GB:API) has released an update.

abrdn Property Income Trust has successfully sold two assets for a total of £13.2 million, slightly above their December 2023 valuations. The sales include an industrial unit in Hebburn and a multi-let industrial estate in Bristol, with proceeds aimed at reducing the company’s credit facility debt. These strategic disposals are a part of API’s ongoing asset management plan and reflect the company’s ability to realize investments at favorable prices.

For further insights into GB:API stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated Newsdeskabrdn Property Income Trust Declares Third Interim Dividend
TipRanks UK Auto-Generated Newsdeskabrdn Property Income Trust Reports NAV Decline Amid Sale
TipRanks UK Auto-Generated NewsdeskAPI Shifts Strategy Amidst Market Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App