FTSE 250 Index Performance and Earnings of Two Stocks - TRY and GCP

The FTSE 250 Index is a capitalisation-weighted index which includes 250 significant companies quoted on the London Stock Exchange. The FTSE 250 Index is calculated in real-time, and the data is available in every 60 seconds. Till April 2020, the FTSE 250 index performance in the last three months’ showed losses of 33.3 per cent as compared to 26.8 per cent for the FTSE 100 Index. As per the data available, the FTSE 250 Index had considerably underperformed its larger peer FTSE 100 Index in last quarter has been performing at par to the FTSE 100 in the last one-year metrics. Though, it also shows that the small-cap index suffered heavily since the coronavirus sell-off started in February 2020. The financials, consumer services and industrials sector of the FTSE 250 index has accounted for more than 80 per cent of the slump in the index during the novel coronavirus crisis. The pandemic has wreaked havoc on share markets all over the globe. It was not only the Coronavirus which led the slump in the more domestically oriented FTSE 250 index, but the slump in international crude prices along with sharp depreciation Sterling pound that had devastated the performance of the FTSE 250 Index. As on 29th May 2020, the FTSE 250 Index closed at 17,402.96 points down by 1.70 per cent. As the government has started its phased lockdown easing, the markets have started improving, also the crude oil prices have strengthened, and the currency too has started showing signs of appreciation with the restart of the economic activity, which could lead to further improvement in the markets and FTSE 250 index as well.

Let’s discuss earnings of Two FTSE 250 Index stocks- TR Property Investment Trust Plc & GCP Infrastructure Investments Limited.

Overview of TR Property Investment Trust Plc

TR Property Inv. Trust Plc (LON:TRY) is one of the top Investment company of the United Kingdom. The company invests in the UK Direct property and PAN European equities. The trust was incorporated in the year 1905. The main aim of the company is to increase investors total returns by investing in property shares and investment property.

TRY – Financial Highlights

On 29^th May 2020, the company declared the preliminary results for the year ending 31st March 2020.

• Revenue earnings increased marginally to 14.62 pence per share as compared to the prior-year earnings of 14.58 pence.
• The Board declared a ?nal dividend of 8.80 pence bringing the full-year dividend to 14.00 pence, an overall increase of 3.7 per cent from previous year dividend.
• There were 317.4 million (2019: 317.4 million) ordinary shares in issue at the year-end.
• During the year 2019, the company made no market purchases for withdrawal of Ordinary shares of 25 pence each (2019: none).
• During the FY2020, the share price was reported at a discount to the Net Asset Value of 11.3 per cent.
• From 19th February 2020 to 18th March 2020, the pan European property equity benchmark declined by 35.7 per cent but then improved to some extent.

TRY – Share Price Performance

On 29^th May 2020, the stock price of TR Property Investment Trust Plc closed at GBX 357.0, higher by 1.28 per cent or 4.50 points as compared to the previous day closing price of GBX 352.50. The share outstanding of the company has been reported to be 317.35 million, and the market capitalisation is reported to at GBP 1.09 billion as on 29^th May 2020. The beta was reported at 1.08, reflecting slightly higher volatility of the stock compared to the benchmark.

Overview of GCP Infrastructure Investments Limited

GCP Infrastructure Inv. Limited (LON:GCP) concentrates mainly on investments in England infrastructure debt. The Company incorporated in Jersey is listed on the FTSE 250 index. It started trading on Main Market of the London Stock Exchange in July 2010. The company’s main aim is to deliver investors with consistent, continued, and long-term dividend income.

GCP – Financial Highlights

On 29^th May 2020, the company declared Half-Yearly Report and Financial Statements for the period ended 31^st March 2020.

• Total shareholder returns for the period ended 31st March 2020 was reported at -8.1 per cent (31st March 2019: 4.5%), and total shareholder return since IPO in 2010 was of 105.8 per cent.
• As of 31st March 2020, the company’s NAV per ordinary share decreased to 109.83 pence per share (31st March 2019: 112.54 pence per share).
• As at 31st March 2020, the Third-party autonomous valuation of the partially inflation?protected investment portfolio of the company reported to £1.1 billion, which remained consistent with prior year (31st March 2019: £1.1 billion). During the period, the company was subjected to 49 investments.
• After the end of the reporting period, the company initiated further developments of £2.5 million. It got total settlements of around £16.5 million, which comprised a loan with a value of around £8.3 million.
• The company’s dividends declared for the six months to 31st March 2020 was of 3.8 pence per share.
• During the period of FY2020, the company made 15 advances, which amounted to £98.2 million. Also, £72.3 million under two new facilities and £25.9 million under 13 existing facilities.

GCP – Share Price Performance

On 29^th May 2020, the stock price of GCP Infrastructure Investments Limited closed at GBX 114.80, down by 3.53 per cent or 4.20 points as compared to the previous day closing price of GBX 119.0. The share outstanding of the company has been reported to be 878.37 million, and the market capitalisation was reported at GBP 1.04 billion as on 29^th May 2020. The beta was reported at 0.31, reflecting lower volatility of the stock compared to the benchmark.