Standard Life Investments Property Income Trust’s (SLI’s) manager has tweaked its investment criteria, putting a greater emphasis on holding assets with strong environmental, social and governance (ESG) credentials (see page 10). These follow structural trends that have emerged during the COVID-19 pandemic. In the pursuit of durable income with growth potential, investments in higher-yielding, secondary assets have made way for newer, quality assets that the manager believes will meet future occupier and investor demand in a post-COVID world. With eyes firmly fixed on the future, the fund recently invested in a carbon offsetting project (see page 16) that will go a long way to achieving its net zero carbon emissions target. It is set to gain significant early mover advantage, securing a relatively cheap fixed-price solution, with the path to net zero expected to become increasingly expensive. A peer group beating net asset value (NAV) performance further highlights its undeservedly wide discount.
14 Oct 2021
Post-COVID ready
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abrdn Property Income Trust Limited (API:LON) | 51.2 0.7 2.8% | Mkt Cap: 195.2m
- Published:
14 Oct 2021 -
Author:
James Carthew | Matthew Read | Richard Williams -
Pages:
25
Standard Life Investments Property Income Trust’s (SLI’s) manager has tweaked its investment criteria, putting a greater emphasis on holding assets with strong environmental, social and governance (ESG) credentials (see page 10). These follow structural trends that have emerged during the COVID-19 pandemic. In the pursuit of durable income with growth potential, investments in higher-yielding, secondary assets have made way for newer, quality assets that the manager believes will meet future occupier and investor demand in a post-COVID world. With eyes firmly fixed on the future, the fund recently invested in a carbon offsetting project (see page 16) that will go a long way to achieving its net zero carbon emissions target. It is set to gain significant early mover advantage, securing a relatively cheap fixed-price solution, with the path to net zero expected to become increasingly expensive. A peer group beating net asset value (NAV) performance further highlights its undeservedly wide discount.