Standard Life Investments Property Income Trust Ltd (GB:API)
LSE:API
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Standard Life Investments Property Income
(LSE:API)
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Rating:45Neutral
Price Target:
2.00 p
▼(-12.28% Downside)
Action:ReiteratedDate:04/30/26
The score is held down primarily by weak and volatile financial performance, including a severe 2025 revenue drop and sharply negative recent cash flow. Technicals add further pressure as the stock trades below key moving averages, indicating a bearish trend. Valuation is somewhat supportive due to the very high dividend yield, but the negative P/E and elevated payout risk limit the benefit.
Positive Factors
Diversified REIT Business Model
API’s core REIT model—owning and leasing diversified commercial properties—provides a structurally recurring rental income stream. Over 2–6 months this underpins cashflow predictability versus single-asset strategies and supports long-term income generation if occupancy and leases stabilize.
Negative Factors
Severe Revenue Collapse
A major revenue collapse in 2025 signals structural deterioration in rent roll or occupancy and undermines the predictability of recurring rental income. Over several months this impairs cash generation, weakens coverage of distributions, and complicates asset management and leasing strategies.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified REIT Business Model
API’s core REIT model—owning and leasing diversified commercial properties—provides a structurally recurring rental income stream. Over 2–6 months this underpins cashflow predictability versus single-asset strategies and supports long-term income generation if occupancy and leases stabilize.
Read all positive factors
Standard Life Investments Property Income (API) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.94M
Dividend Yield307.61%
Average Volume (3M)2.66M
Price to Earnings (P/E)―
Beta (1Y)0.10
Revenue Growth-61.90%
EPS Growth-48.05%
CountryUK
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)N/A
Shares Outstanding381,218,960
10 Day Avg. Volume859,461
30 Day Avg. Volume2,661,142
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.72
Price to Sales (P/S)0.00
P/FCF Ratio-1.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Standard Life Investments Property Income Business Overview & Revenue Model
Company Description
The objective of the Company is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK...
How the Company Makes Money
API makes money primarily by owning and leasing commercial real estate and distributing the resulting net property income to shareholders in line with the REIT framework. Its key revenue stream is rental income received from tenants under lease ag...
Standard Life Investments Property Income Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
46
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -45.55M | -3.10M | -29.16M | 32.44M | 31.11M | 30.58M |
| Gross Profit | -45.55M | -3.10M | -29.16M | 19.24M | 18.87M | 19.68M |
| EBITDA | -284.51K | 0.00 | 14.77M | 17.60M | -129.75M | -526.06K |
| Net Income | -33.23M | -3.27M | -42.89M | -8.27M | -51.05M | 85.73M |
Balance Sheet | ||||||
| Total Assets | 29.75M | 12.89M | 48.66M | 456.05M | 444.94M | 526.56M |
| Cash, Cash Equivalents and Short-Term Investments | 19.27M | 4.62M | 36.66M | 6.65M | 15.87M | 13.82M |
| Total Debt | 0.00 | 0.00 | 0.00 | 143.06M | 110.02M | 110.62M |
| Total Liabilities | 1.05M | 752.86K | 18.30M | 157.98M | 121.66M | 125.72M |
| Stockholders Equity | 28.70M | 12.14M | 30.36M | 298.08M | 323.29M | 400.85M |
Cash Flow | ||||||
| Free Cash Flow | -7.47M | -7.05M | 14.23M | 19.44M | 18.26M | 9.00M |
| Operating Cash Flow | -6.58M | -6.64M | 15.50M | 20.97M | 18.32M | 17.01M |
| Investing Cash Flow | 224.30M | 982.99K | 276.66M | -40.99M | 22.08M | 10.28M |
| Financing Cash Flow | -211.98M | -26.39M | -262.16M | 10.80M | -38.35M | -22.85M |
Standard Life Investments Property Income Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £59.09M | 4.85 | 10.22% | 8.23% | 5.98% | 35.28% | |
71 Outperform | £165.02M | 9.16 | 7.33% | 7.43% | -10.95% | -30.09% | |
66 Neutral | £32.31M | 54.66 | 4.33% | 7.14% | -41.22% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | £54.20M | -11.90 | -0.96% | 5.02% | -13.04% | 64.44% | |
46 Neutral | £49.03M | -9.68 | -4.75% | 3.94% | 4.77% | -1540.79% | |
45 Neutral | £6.94M | -3.10 | -21.56% | 307.61% | -61.90% | -48.05% |
* Real Estate Sector Average
GB:API
Standard Life Investments Property Income
1.82
-0.02
-1.09%
GB:AEWU
AEW UK REIT
104.00
9.23
9.74%
GB:PCA
Palace Capital
165.50
-43.56
-20.84%
GB:RLE
Real Estate ate ate Investors
31.00
2.98
10.62%
GB:TOWN
Town Centre Securities
116.50
-12.47
-9.67%
GB:AIRE
Alternative Income REIT Plc
73.40
8.53
13.16%
Standard Life Investments Property Income Corporate Events
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
abrdn Property Income Trust Nears Liquidation as Wind-Down Shrinks NAV
Negative
Apr 28, 2026
abrdn Property Income Trust reported a sharp contraction in scale for 2025, with net assets falling to £12.1m and NAV per share dropping to 3.2p after substantial capital and income distributions tied to its managed wind-down. The trust has e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.