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Standard Life Investments Property Income
(LSE:API)
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Rating:46Neutral
Price Target:
1.50 p
▼(-14.29% Downside)
Action:Reiterated
Date:10/27/26
The score is held down primarily by unstable financial performance, including volatile earnings, a sharp recent revenue drop, and a swing to deeply negative operating/free cash flow. Technicals add modest weakness with price below key moving averages and negative MACD. Valuation is mixed: the negative P/E reflects losses, and the unusually high dividend yield raises sustainability concerns rather than providing clear support.
Positive Factors
Recurring Rental-Income Model
Rental income from occupied commercial properties provides recurring operating cash flow, while lease reviews, renewals and indexation can support income growth. Property ownership also offers a second return pathway through capital appreciation, diversifying value creation beyond rent.
Negative Factors
Revenue and Profit Volatility
Revenue collapsed in 2025 and profitability has been highly volatile, including large net losses in 2022–2024 and 2020. This inconsistency weakens earnings visibility, makes dividend coverage less dependable, and complicates planning for reinvestment and portfolio growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Rental-Income Model
Rental income from occupied commercial properties provides recurring operating cash flow, while lease reviews, renewals and indexation can support income growth. Property ownership also offers a second return pathway through capital appreciation, diversifying value creation beyond rent.
Read all positive factors
Standard Life Investments Property Income (API) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.29M
Dividend Yield419.47%
Average Volume (3M)349.35K
Price to Earnings (P/E)―
Beta (1Y)0.20
Revenue Growth-100.00%
EPS Growth92.78%
CountryUK
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)N/A
Shares Outstanding381,218,960
10 Day Avg. Volume461,658
30 Day Avg. Volume349,350
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.74
Price to Sales (P/S)-2.91
P/FCF Ratio-1.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Standard Life Investments Property Income Business Overview & Revenue Model
Company Description
The company's core mission is to deliver attractive income to its shareholders, coupled with prospects for both income and capital appreciation. This goal will be achieved by investing in a diverse collection of commercial properties throughout th...
How the Company Makes Money
API makes money primarily by generating rental income from tenants occupying its commercial properties. This rental income (after property operating costs such as maintenance, insurance, business rates/service charges where applicable, and propert...
Standard Life Investments Property Income Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
46
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -3.10M | -29.16M | 32.44M | 31.11M | 30.58M |
| Gross Profit | -217.53K | -29.16M | 19.24M | 18.87M | 19.68M |
| EBITDA | -3.33M | 14.77M | 17.60M | -111.07M | 17.68M |
| Net Income | -3.27M | -42.89M | -8.27M | -51.05M | 85.73M |
Balance Sheet | |||||
| Total Assets | 12.89M | 48.66M | 456.05M | 444.94M | 526.56M |
| Cash, Cash Equivalents and Short-Term Investments | 4.62M | 36.66M | 6.65M | 15.87M | 13.82M |
| Total Debt | 0.00 | 0.00 | 143.06M | 110.02M | 110.62M |
| Total Liabilities | 752.86K | 18.30M | 157.98M | 121.66M | 125.72M |
| Stockholders Equity | 12.14M | 30.36M | 298.08M | 323.29M | 400.85M |
Cash Flow | |||||
| Free Cash Flow | -7.05M | 14.23M | 19.44M | 18.26M | 9.00M |
| Operating Cash Flow | -6.64M | 15.50M | 20.97M | 18.32M | 17.01M |
| Investing Cash Flow | 982.99K | 276.66M | -40.99M | 22.08M | 10.28M |
| Financing Cash Flow | -26.39M | -262.16M | 10.80M | -38.35M | -22.85M |
Standard Life Investments Property Income Technical Analysis
Negative
1.75
Price Trends
1.78
Negative
1.80
Negative
1.89
Negative
Market Momentum
-0.03
Positive
47.88
Neutral
39.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:API, the sentiment is Negative. The current price of 1.75 is above the 20-day moving average (MA) of 1.72, below the 50-day MA of 1.78, and below the 200-day MA of 1.89, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 39.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:API.
Standard Life Investments Property Income Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £56.35M | 8.15 | 10.22% | 8.00% | 5.98% | 35.28% | |
69 Neutral | £165.66M | 16.65 | 5.76% | 7.66% | -3.39% | -59.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | £30.19M | -7.31 | -11.17% | 4.74% | ― | ― | |
53 Neutral | £50.51M | -37.27 | -1.25% | 4.17% | 1.78% | 60.56% | |
50 Neutral | £54.20M | -21.83 | -2.93% | 5.00% | -8.87% | -315.15% | |
46 Neutral | £6.29M | -2.66 | -11.67% | 419.47% | -100.00% | 92.78% |
* Real Estate Sector Average
GB:API
Standard Life Investments Property Income
1.67
-0.35
-17.33%
GB:AEWU
AEW UK REIT
103.60
2.84
2.82%
GB:PCA
Palace Capital
188.00
-18.13
-8.79%
GB:RLE
Real Estate ate ate Investors
31.00
0.09
0.28%
GB:TOWN
Town Centre Securities
119.50
-9.19
-7.14%
GB:AIRE
Alternative Income REIT Plc
70.00
4.89
7.51%
Standard Life Investments Property Income Corporate Events
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
abrdn Property Income Trust NAV Falls as Wind-Down Nears Final Phase
Negative
Sep 18, 2026
abrdn Property Income Trust reported a 6.4% fall in net asset value to £11.4m in the first half of 2026 as ongoing running costs and a lower valuation for its sole remaining asset, the Far Ralia woodland, eroded value. With no rental income a...
Business Operations and StrategyStock BuybackShareholder Meetings
Abrdn Property Income Trust Wins Shareholder Backing for Capital Flexibility at AGM
Positive
Aug 10, 2026
Abrdn Property Income Trust Limited reported that all ordinary and special resolutions at its Annual General Meeting on 10 August 2026 were passed on a poll, with high levels of shareholder support across the board. The voting outcome confirms str...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.