TIDMIPI 
 
Invesco Property Income Trust Limited 
 
HEADLINE: Property Valuation 
 
The Directors announce the valuation of the Company's property portfolio as at 
30 June 2010. 
 
  * UK portfolio: GBP103.2 million (31 March 2010: GBP103.9 million 
 
  * European portfolio: EUR146.5 million (31 March 2010: EUR151.1 million) 
 
In Sterling terms the total valuation was GBP221.9 million, down 7.1%. The 
decline is largely due to a fall of 3.0% in European assets and 10% in Euro 
exchange rate. 
 
Set out below is an analysis, taking into account transactions, of the 
portfolio's vacancy rates, average gross yields and weighted average unexpired 
lease terms at 30 June 2010 (31 March 2010). 
 
                               Portfolio at 30 June 2010 (31 March 20101) 
 
                                UK              European          Aggregate 
 
Vacancy rate 1             6.6% (10.0%)       4.0% (4.4%)        5.3% (7.2%) 
 
Average gross yield        9.9% (9.9%)        9.4% (9.2%)        9.6% (9.5%) 
 
Weighted average        5.1 yrs (5.4 yrs)  2.9 yrs (2.9 yrs)  4.1 yrs (4.2 yrs) 
unexpired lease term2 
 
Notes: 
 
1 Based on income, excluding the Hounslow property now held as a development 
site. 
 
2 To earlier of next break or lease maturity. 
 
As at 30 June 2010 the Sterling value of the Company's bank borrowings was GBP 
216.0 million (31 March 2010: 227.6 million), the change for the quarter being 
currency movements only. 
 
The loan to value ratio was 97.4 per cent. (31 March 2010: 95.3 per cent.), 
which exceeds the maximum of 65 per cent. permitted under the Company's bank 
facility. The Company's interest cover was 151.5 per cent (31 March 2010: 156.7 
per cent) compared with the covenanted minimum of 145 per cent. 
 
The Company's discussions with its lending bank regarding its future financing 
arrangements are continuing and the Board continues to consider and explore 
possible alternative strategies for the Company with third parties, including 
proposals which may lead to an offer for the Company. There is no certainty as 
to the outcome of these discussions or that any offer will be forthcoming. 
 
The Net Asset Value and the Adjusted Net Asset Value per share as at 30 June 
2010 will be announced in due course. 
 
19 July 2010 
 
Enquiries: 
 
Angus Pottinger 020 7065 4000 
 
Invesco Asset Management 
 
Rory Morrison 020 7543 3500 
 
Invesco Real Estate 
 
Sue Inglis 020 7050 6500 
 
Canaccord Genuity 
 
 
 
END
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