Northern Trust International Administration
Services (Guernsey) Limited
Trafalgar Court
Les Banques
St. Peter Port
Guernsey GY1 3QL

THANKYOU SKINNY GOT MY DIVI NICE.

Final Results.


Financial Highlights

- £84m debt facility extended to 2018 on attractive terms

- Dividend of 4.433p paid in respect of the 12 months to 31 December 2011

- Quarterly dividend increased by 3% from quarter ended 30 September 2011

- Dividend yield of 8.8% based on year end share price of 51.75p

- Net Asset Value per share decreased by 0.5% to 62.7p

Standard Life Investments Property Income Trust is pleased to announce that it has completed the purchase of a grade A city centre office in Glasgow for £4m.

140 West George Street extends to c23,000 sqft over 7 floors and was comprehensively refurbished in 2009 to a Grade A specification. The building is let to 6 tenants including Cyril Sweet, Anderson Fyfe LLP, Gerald Eve LLP, AWD Group plc and Central Insurance Services Ltd., with one vacant floor currently under offer (the purchase assumes 2 years rental cover on this space). The building is let off low rents of £17psf, with lease breaks / expiries in 2015 to 2020. The purchase price reflects a capital value of £170psf, and an income yield of 9.5%.

Jason Baggaley, Fund Manager of the Standard Life Investments Property Income Trust commented, "This new purchase continues our approach of investing into good quality buildings in strong locations at attractive yields. This building provides top quality accommodation on small floor plates, at an attractive rent, and is occupied by a number of good quality tenants. Following the purchase the Company is effectively fully invested, and the high income return is accretive to our revenue account".

Half Yearly report

Financial Highlights

- New seven year £84.4m loan facility, maturing 16 December 2018, drawn down in January 2012 on attractive terms.

- Dividend of 2.266p paid in respect of the six months to 30 June 2012

- Dividend yield of 7.2% based on 30 June 2012 share price of 63.25p

- Total return of 3.0% (excluding cash) for six months to 30 June 2012, compared to IPD benchmark return of 0.9%*.

- Two properties purchased during the period for £12.4m



*Source: quarterly version of IPD monthly index funds.

Are you still in this one skinny? Has flagged up in my research for high yielders.

Yes I am - one you don't have to worry too much about!

Sounds ideal! Yield seems to vary a bit depending on which website you look at, but seems to be somewhere around 6.5%. Better than a savings account that's for sure!

Yes 6.64% @68p ( assuming no change in dividends ).

Unaudited Net Asset Value as at 30 September 2014

Key Highlights

· Net asset value per ordinary share was 71.9p as at 30 September 2014 which includes an adjustment for the Q3 dividend payment due to be paid in November 2014. This is an increase of 3.6% from 30 June 2014.
· Successful subscription of 50m ordinary shares at 72.9p per share in relation to the prospectus published on 1 July 2014 and an additional 7m ordinary shares were also issued on 25 September 2014 at 76.0p per share, raising gross proceeds of approximately £41.8m.
· Dividend yield of 6.0% based on share price of 76.8p (24 October 2014).
· Four industrial properties purchased for £41.9m excluding costs.