Net Asset Value(s)

TR Property Investment Trust PLC
20 December 2005

HENDERSON GLOBAL INVESTORS



20 DECEMBER 2005



TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 19 December 2005, the unaudited net asset value per
share calculated in accordance with the AITC formula (excluding current
financial year revenue items) was 180.1p and the net asset value per share
including debt marked at fair value was 177.3p.






For further information, please call:

John Hilton, Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]




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