UK quoted property companies are companies which have not elected to covert to REIT status, but which are quoted on a main market stock exchange.
More than 80% of the listed property companies (by value) that could convert to REIT status have done so, and the attraction of the remaining companies, despite their liquidity, may be affected by their relative tax inefficiency.
There are a few companies, however, that offer exposure to specialist investment sectors such as residential property, and a number of property development companies are listed.
As with REITs, shares in property companies trade at a discount to net asset value and perform like equities in the short term. They are relatively inefficient in tax terms, as investors are effectively taxed twice on the profits of the company.
The tax issues include the fact that the company is subject to corporation tax on income and capital gains, and investors are also subject to tax on dividends received and the proceeds of sale of shares in line with the position of other shares.
A list of UK quoted property companies with links to company information and performance data.
Chart the performance of the FTSE EPRA/NAREIT REITs and non REITs indices.
A guide to how the property sector works, what drives its performance, and how to invest in it.
Key facts from commercial property
This chart offers a daily performance measure of investable, institutional-grade, UK commercial property.
See the change in the ratio of share prices and published net value of assets for UK REITS and Non-REITS indices.