UPDATE: A revised version of this profile was published in January 2025.

Unlike most property trusts, the vast majority of TR Property's investments are UK and Continental European listed property companies rather than direct holdings of physical property. It boasts an excellent long-term track record, both in terms of share price appreciation and dividend growth, and has a long-standing management team led by Marcus Phayre-Mudge.

The AIC lists nearly 40 property trusts across eight different sub-sectors. The majority of them invest primarily in the UK, specialising in either commercial pro...