Swiss Life Asset Managers UK, as the manager of the Property Income Trust for Charities, is an established and experienced investor across all UK commercial property sectors. For further information please visit the Swiss Life Asset Managers UK website.
The Fund’s aim is to deliver a relatively high and sustainable income yield whilst at least maintaining capital value in real terms over the economic cycle. In order to enhance the distribution yield on equity, the Fund has the power to employ limited borrowings at target levels of leverage agreed in advance with the Investors’ Committee. The Fund seeks to acquire assets which offer a combination of long-term capital appreciation (often with inflation or index-linked leases) and assets which may be enhanced by active asset management.
PITCH's Portfolio by Sector
Industrial & Logistics
- Largest sector: 45% of the portfolio
- Strong occupancy: 99% let
- Thematic assets and active management have delivered rental growth above inflation
Data as at 30 June 2024
Retail Warehousing
- 13% of the portfolio
- Strong occupancy: 100% let
- High quality locations: 65% South East weighting
Data as at 30 June 2024
Offices
- 25% of the portfolio
- Strong occupancy: 93% let
- High portfolio quality attracting tenants and delivering new rental income
- Energy efficiency: 80% EPC A-B
Data as at 30 June 2024
Alternatives - Residential
- 13% of the portfolio is Alternatives with 3.9% in Residential
- Strong occupancy: 96% let
- Residential provides sector diversification and long term inflation protection
- Strong rental growth: 6.4% 12 months to 31 March 2024
Data as at 30 June 2024 unless stated
Portfolio Sector Allocation
Portfolio by Region
Tenant Credit Risk Score
The value of investments may go down as well as up, and investors may not get back all or any amount originally invested. Income or other returns from investments are subject to change and may be lower than estimated. Past performance is not a reliable indicator of future performance.