Property Valuation
December 19 2007 - 12:08PM
UK Regulatory
RNS Number:3251K
Standard Life Invs Property Inc Tst
19 December 2007
19 December 2007
Standard Life Investment Property Income Trust Limited
Re: News release
Property Valuation
The Company will announce its property valuation in respect of the quarter
ending 31 December 2007 on Monday 21 January 2007.
Cash Position
The Company's cash position at 30 November 2007, after payment of the interim
dividend, was �33.5m. Cash as a percentage of debt was therefore 39.7% (�33.5m/
�84.4m).
Borrowings
(i) Loan To Value
As at 30 September 2007, the LTV was 27.5% (calculated as debt less cash/market
value of properties).
(ii) Gearing
As at 30 September 2007, gearing was 30.3% (calculated as debt plus zero
dividend preference shares less cash/market value of properties).
Dividend Cover
The Company's historic dividend cover ratio for the last financial year, ended
31 December 2006 was:
Profit for the year �6,929,192
Total Dividends (cash basis): �6,500,000
Total Dividends (accruals basis): �6,830,200
Dividend Cover: 106.6 (IFRS)
Dividend Cover: 101.4 (UK GAAP)
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745529
Fax: 01481 745085
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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