abrdn Property Income trust share price drops 24% over six months despite NAV growth

43.1% discount to NAV

abrdn Property Income has posted a share price fall of 23.6% in its interim results for the six months to 30 June 2023, despite a NAV total return of 1.2%.

Chair James Clifton-Brown said the negative total return to shareholders was due to a widening of the discount of the share price to NAV per share as, on 30 June 2023, the trust's share price was trading at a 43.1% discount to the NAV. Deep Dive: REIT investors must weigh rate hikes and potential credit crunch According to data from the Association of Investment companies, the trust is currently trading at a 41.5% discount. He noted other peers were also trading at "varying levels of wide discount", largely because of the "negative sentiment towards the UK real estate market". "...