The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

The PIN Fund Soars Again in The Fourth Quarter

Peter Hemple analyses the performance of our fictional fund of 10 property related shares

After the pitiful returns our PIN Fund achieved in Q3 of just 3.3%, (thanks to the collapse in the share price of Carillion) it is nice to see the Fund give back double-digit returns once again over the past three months. During the fourth quarter, the Fund returned 12.7%, which yet again is far more than the FTSE 100, which returned 3.8% during the same period, (all prices from 22/9/17 to 31/12/17).

Only one of our property related companies made a negative return for our fund in Q4 (Zoopla down by 8.3%), while our most recent entrant, Crest Nicholson, was the only other share that did not return at least double digits (8.4%). The other eight shares returned between 10% and 24% in what was a very strong quarter for property related companies.

In fact, 2017 was a very strong year for property related companies, especially housebuilders. The five housebuilders listed in our Fund saw their market caps increase by almost 45% on average last year, excluding dividends.

Our continued patience has also finally been rewarded this year with Safestore Holdings (share price up 43% in 2017) and student accommodation provider Unite (share price up 33%).

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