Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Value and Indexed Property Income Trust PLC is a UK-domiciled investment trust launched in 1981, specializing in directly held commercial property to provide secure, long-term, index-linked income. Its primary objective is to deliver strong, indexed income streams primarily through investments in UK commercial real estate, which typically comprises at least 80% of the portfolio, supplemented by property-backed securities listed on the London Stock Exchange and cash equivalents. Managed by the OLIM Property team since 1986, with fund managers Matthew Oakeshott and Louise Cleary, the trust targets pension funds, charities, and similar institutions seeking stable returns. Notable features include a high dividend yield around 6.76-7.06%, quarterly payouts, and a focus on long-term real growth in dividends and capital value without undue risk. The portfolio emphasizes diversified UK commercial properties, contributing to its role in the property investment trust sector by offering income-oriented exposure to real assets amid varying market conditions.
£2.07
+£0.00 (+0.24%)
EOD Jul 3, 2026
Revenue declined 38.1% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 14% versus the prior year, cash generation momentum has weakened. Net debt of £46M represents 6.9x FCF, leverage limits flexibility.
18.7x earnings, 12.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£6M
▼ -38.1% YoY
Net Income (TTM)
£5M
▼ -24.9% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
£7M
▼ -13.8% YoY
Op. Cash Flow (TTM)
£7M
▼ -36.9% YoY
Net Debt
£46M
Cash & Equiv.
£3M
3Y CAGR: -3.6%
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At a P/E of 18.7 and a price-to-free-cash-flow of 12.7, Value and Indexed Property Income Trust (VIP.XLON) trades above a two-stage DCF intrinsic value of about £1.82 per share, so at £2.07 the stock looks overvalued (11.8% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Value and Indexed Property Income Trust scores 40/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £1.82 per share for VIP.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £1.37. At today's £2.07, that puts the stock about 11.8% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Value and Indexed Property Income Trust scores 40 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a mixed business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Value and Indexed Property Income Trust pays a regular dividend of about £0.14 per share per year (typically in quarterly installments), a yield of roughly 6.7% at the current price. That is a payout ratio of about 125.3% of earnings, so the dividend is stretched at this level. Value and Indexed Property Income Trust has grown the dividend at roughly 1.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For VIP.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. VIP.XLON currently trades above its estimated intrinsic value and scores 40/100 on quality (mixed). It also yields about 6.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.