APIL Stock Overview

The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. More details

APIL fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 94.5% below our estimate of its fair value

Risk Analysis

Dividend of 111.94% is not well covered by earnings or free cash flows

Earnings have declined by 28.6% per year over past 5 years

Volatile share price over the past 3 months compared to the UK market

Does not have a meaningful market cap (£20M)

Community vs My Fair Value

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abrdn Property Income Trust Limited Competitors

Ground Rents Income Fund

LSE:GRIO

UK£25.8m

Real Estate Investors

AIM:RLE

UK£52.5m

Town Centre Securities

LSE:TOWN

UK£56.4m

Alternative Income REIT

LSE:AIRE

UK£57.0m

Price History & Performance

Summary of share price highs, lows and changes for abrdn Property Income Trust
Historical stock prices
Current Share Price	UK£0.055
52 Week High	UK£0.62
52 Week Low	UK£0.053
Beta	0.52
1 Month Change	-4.19%
3 Month Change	-21.57%
1 Year Change	-89.34%
3 Year Change	-93.30%
5 Year Change	-92.11%
Change since IPO	-91.88%

Recent updates

Shareholder Returns

	APIL	GB REITs	GB Market
7D	-10.7%	2.6%	2.2%
1Y	-89.3%	-5.4%	2.2%

Return vs Industry: APIL underperformed the UK REITs industry which returned -5.4% over the past year.

Return vs Market: APIL underperformed the UK Market which returned 2.2% over the past year.

Price Volatility

Is APIL's price volatile compared to industry and market?
APIL volatility
APIL Average Weekly Movement	8.3%
REITs Industry Average Movement	4.0%
Market Average Movement	5.6%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	3.1%

Stable Share Price: APIL's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: APIL's weekly volatility has decreased from 15% to 8% over the past year, but is still higher than 75% of UK stocks.

About the Company

Founded	Employees	CEO	Website
2003	n/a	Norman Skeoch	www.abrdn.com/en-gb/apit

The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties in the industrial, office, retail and ‘other’ sectors, where ‘other’ includes leisure, data centres, student housing, hotels (and apart-hotels) and healthcare. Investment in property development and investment in co-investment vehicles, where there is more than one investor, is permitted up to a maximum of 10% of the property portfolio.

abrdn Property Income Trust Limited Fundamentals Summary

How do abrdn Property Income Trust's earnings and revenue compare to its market cap?
APIL fundamental statistics
Market cap	UK£20.43m
Earnings (TTM)	-UK£42.89m
Revenue (TTM)	UK£28.97m

0.7x

P/S Ratio

-0.5x

P/E Ratio

Is APIL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
APIL income statement (TTM)
Revenue	UK£28.97m
Cost of Revenue	UK£9.78m
Gross Profit	UK£19.19m
Other Expenses	UK£62.08m
Earnings	-UK£42.89m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.11
Gross Margin	66.23%
Net Profit Margin	-148.06%
Debt/Equity Ratio	0%

How did APIL perform over the long term?

See historical performance and comparison

Dividends

111.9%

Current Dividend Yield

1,451%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/04 23:39
End of Day Share Price	2025/05/01 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

abrdn Property Income Trust Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jongmin Shim	CLSA
Robert Jones	Panmure Liberum

APIL Stock Overview

Rewards

Risk Analysis

abrdn Property Income Trust Limited Competitors

LSE:GRIO

UK£25.8m

AIM:RLE

UK£52.5m

LSE:TOWN

UK£56.4m

LSE:AIRE

UK£57.0m

Price History & Performance

Recent News & Updates

abrdn Property Income Trust Limited, Annual General Meeting, Aug 11, 2025

abrdn Property Income Trust Limited Announces Board and Committee Changes

abrdn Property Income Trust Limited Declares Interim Dividend, Payable on 10 January 2025

abrdn Property Income Trust Limited Declares Dividend for the Quarter Ended 30 September 2024, Payable on 29 November 2024

Abrdn Property Income Trust Limited Intends to Pay One Further 1 Pence Dividend

abrdn Property Income Trust Likely to Delist from LSE If Liquidator Appointed

Recent updates

abrdn Property Income Trust Limited, Annual General Meeting, Aug 11, 2025

abrdn Property Income Trust Limited Announces Board and Committee Changes

abrdn Property Income Trust Limited Declares Interim Dividend, Payable on 10 January 2025

abrdn Property Income Trust Limited Declares Dividend for the Quarter Ended 30 September 2024, Payable on 29 November 2024

Abrdn Property Income Trust Limited Intends to Pay One Further 1 Pence Dividend

abrdn Property Income Trust Likely to Delist from LSE If Liquidator Appointed

An undisclosed buyer acquired Abrdn Property, office asset in Manchester from abrdn Property Income Trust Limited (LSE:API) for £4.3 million.

abrdn Property Income Trust Limited Declares Property Income Dividend and Ordinary Dividend, Payable on August 30, 2024

abrdn Property Income Trust Limited Declares Dividend for the Quarter Ended 31 March 2024, Payable on 31 May 2024

abrdn Property Income Trust Limited, Annual General Meeting, Aug 13, 2024

Custodian Property Income REIT plc cancelled the acquisition of abrdn Property Income Trust Limited (LSE : API) from Jill May, Michael Balfour, James Clifton-Brown, Sarah Slater and others.

An undisclosed buyer acquired 53,100 sq.ft Industrial Estate in Opus 9, Warrington from abrdn Property Income Trust Limited (LSE:API) for £6.8 million.

Urban Logistics REIT plc (LSE:SHED) made an offer to acquire abrdn Property Income Trust Limited (LSE:API) for approximately £230 million.

Dividend of UK£0.01 announced

abrdn Property Income Trust Limited Declares Dividend for the Quarter Ended 31 December 2023, Payable on 23 February 2024

An unknown buyer acquired Two Industrial Units In Livingston from abrdn Property Income Trust Limited (LSE:API) for £6.25 million.

abrdn Property Income Trust Limited Declares an Ordinary Dividend of the Quarter Ended 30 September 2023, Payment Date - 30 November 2023

First half 2023 earnings released: EPS: UK£0.008 (vs UK£0.11 in 1H 2022)

New major risk - Revenue and earnings growth

abrdn Property Income Trust Limited Declares Property Income Dividend for the Quarter Ended 30 June 2023, Payable on 31 August 2023

abrdn Property Income Trust Limited Declares Dividend in Respect of Quarter Ended March 31, 2023, Payable on May 31, 2023

Full year 2022 earnings released

abrdn Property Income Trust Limited Declares an Ordinary Dividend in Respect of the Quarter Ended 31 December 2022, Payable on 24 February 2023

abrdn Property Income Trust Limited Provides Dividend Guidance for the Years 2023 and 2024

abrdn Property Income Trust Limited Declares Dividend in Respect of the Quarter Ended 30 September 2022, Payable on 25 November 2022

Abrdn Property Income Trust Limited Declares Property Income Dividend Property Income Dividend the Quarter Ended 30 June 2022, Payment Date Is 26 August 2022

Full year 2021 earnings released: EPS: UK£0.21 (vs UK£0.039 loss in FY 2020)

Standard Life Investments Property Income Trust Limited, Annual General Meeting, Jun 15, 2022

Standard Life Investments Property Income Trust Limited Declares Dividend, Payable on 27 May 2022

Full year 2021 earnings released: EPS: UK£0.21 (vs UK£0.039 loss in FY 2020)

Standard Life Investments Property Income Trust Limited (LSE:SLI) acquired Motorpoint Showroom in Stockton-on-Tees for £5 million.

Standard Life Investments Property Income Trust Limited Declares Dividend for the Quarter Ended 31 December 2021, Payable 25 February 2022

First half 2021 earnings released: EPS UK£0.075 (vs UK£0.075 loss in 1H 2020)

An undisclosed buyer acquired Industrial Accommodation in Kettering for £9 million.

An undisclosed buyer acquired an Office building in Farnborough from Standard Life Investments Property Income Trust Limited (LSE:SLI).

Standard Life Investments Property Income Trust Limited Declares Property Income Dividend, Payable on 28 May 2021

Standard Life Investments Property Income Trust Limited Declares Dividend, Payable on 28 May 2021

Full year 2020 earnings released: UK£0.039 loss per share (vs UK£0.04 profit in FY 2019)

New 90-day high: UK£0.63

An unknown buyer acquired portfolio of 4 multi let industrial estates from Standard Life Investments Property Income Trust Limited (LSE:SLI) for £37.8 million.