IPI Invesco Pty

                     Invesco Property Income Trust Limited

HEADLINE: Property Valuation

The Directors announce the valuation of the Company's property portfolio as at
30 September 2013.

  * UK portfolio: £72.42 million (30 June 2013: £71.97 million)

  * European portfolio: €131.21 million (30 June 2013: €131.46 million)

The total valuation was £182.39 million (30 June 2013: £184.45 million).

Set out below is an analysis of the portfolio's vacancy rates, average gross
yields and weighted unexpired lease terms at 30 September 2013 (30 June 2013).

                             Portfolio at 30 September 2013 (30 June 2013)

                               UK              European          Aggregate

Vacancy rate              9.6% (10.1%)      12.5% (18.9%)      11.0% (14.5%)

Average gross yield        9.5% (9.3%)       8.5% (8.6%)        8.9% (8.9%)

Weighted average            4.05 yrs           2.03 yrs           2.92 yrs
unexpired lease term1
                           (3.97 yrs)         (2.17 yrs)         (2.94 yrs)

Notes:

1 To earlier of next break or lease maturity.

As at 30 September 2013 the Sterling value of the Company's bank borrowings was
£191.23 million (30 June 2013: £193.66 million). The change reflects currency
movements only.

As stated in the last annual report and the subsequent interim management
statement the Company is in discussions with its lending bank with a view to
agreeing an extension to the facility and amendments to covenants. As at 30
September 2013 the loan to value ratio was 104.9 per cent. (30 June 2013: 105.0
per cent.) and the interest cover stood at 145.7 per cent. (30 June 2013: 160.5
per cent.), each of which was in compliance with the respective covenants
applicable at that date. Interest cover fell in the quarter due to the exercise
of a lease break next June by the tenant at St Michel.

The Net Asset Value and the Adjusted Net Asset Value per share as at 30
September 2013 will be announced in due course.

9 October 2013

Enquiries:

Angus Pottinger      020 7065 4000
Invesco Asset Management

Rory Morrison        020 7543 3500
Invesco Real Estate