Property Fund Managers on Life After Covid

As shops and workplaces get ready to re-open in April, two fund managers run through the prospects of each sector, from offices to residential

Holly Black 17 March, 2021 | 9:06AM
Facebook Twitter LinkedIn

 Empty Oxford Street

The property sector was hit hard in the Covid-19 pandemic, as suddenly the working, schooling and living habits of people across the globe were flipped upside down. Offices were closed, shops shut and hotels shuttered. As we start to emerge from lockdown, we spoke to two property fund managers about where the investment opportunities are:

On 2020

“2020 was not a good year for us,” says Jason Baggaley, manager of the SLI Property Income trust (SLI), which was down almost 30% last year and is still trading at a 24% discount to its net asset value. At the height of market volatility the trust cut its dividend, but Baggaley reflects he may have been too pessimistic in the extent of the cut and expects a “true up” to come. In the end, the trust collected 93% of the rent due from its tenants last year, though he adds that some rents were reduced through lease renegotiations or breaks and the picture could be slightly worse in the first quarter of this year.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Holly Black  is Senior Editor,