Standard Life Investments Property Income (GB:API) has released an update.
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Standard Life Investments Property Income Trust Limited reported a Q2 2024 NAV per share decline of 4.1%, citing property value reductions and costs from a strategic review and managed wind-down. Despite this, rent collection remained strong at 99.8% for the quarter. The company is exploring strategies to dispose of its property portfolio, including a potential bulk sale, while maintaining a robust financial position to meet obligations and return capital to shareholders.
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