TR Property had a wretched time in the year to 31 March, with its net asset value (NAV) and share price dropping by 36%. This has taken the stock back to levels last seen nearly a decade ago. It was also the first time in ten years in which the manager, Marcus Phayre-Mudge, underperformed the fund’s benchmark, albeit only by a small amount.
The tide is turning for real estate
Aug 04, 2023
2 minutes
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