# TR Property Investment Trust (TRY.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Real Estate. Price 295p, market value 937 millionp.

## Valuation
- **P/E (trailing): 13.4×** (5-yr avg 804.8×, 3-yr avg 951.3×). TR Property Investment Trust trades at 13.4× trailing earnings, well below its own five-year average of 804.8×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×.
- **Price / sales: 11.8×**. Each dollar of revenue is priced at 11.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 17.1×**. Enterprise value is 17.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.1%** (5-yr avg 0.0%). Free cash flow equals 5.1% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 7.5%**. The inverse of the P/E: 7.5% of the price is earned each year.

## Profitability
- **Gross margin: 88.1%**. TR Property Investment Trust keeps 88.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 77.7%**. 77.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 79.9%**. 79.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.7%**. 6.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.6%**. Return on all capital, debt included, is 4.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 3.6%**. Each dollar of assets produces 3.6% of profit.

## Growth
- **Revenue growth (1 yr): 666.4%** (5-yr -17.8%/yr). Revenue grew 666.4% over the last year, against -17.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 354.3%** (5-yr -21.5%/yr). Earnings per share rose 354.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -8.8%/yr**. Free cash flow has compounded at -8.8% a year over three years.

## Financial health
- **Debt to equity: 0.12**. Debt is 0.12 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.8×**. It would take 1.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.4×**. Operating profit covers interest 4.4× over, a safe margin.
- **Current ratio: 0.55** (quick 0.55). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 5.54**. A Z-score of 5.54 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. TR Property Investment Trust does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -4.4%** (YTD -5.3%, 3-mo -1.6%). The shares are down 4.4% over twelve months including dividends.
- **From 52-week high: -24.1%** (1.4% above the low). Trading 24% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.88** (volatility 17%). Beta of 0.88 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TRY.L · Page: https://foliofundamentals.com/stocks/try.l

Not investment advice.