Net Asset Value(s)

TR Property Investment Trust PLC
06 January 2006



TR PROPERTY INVESTMENT TRUST PLC

6 JANUARY 2006









TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 5 January 2006, the unaudited net asset value per
share calculated in accordance with the AITC formula (excluding current
financial year revenue items) was 186.4p and the net asset value per share
including debt marked at fair value was 183.6p.







                                    - ENDS -







For further information, please call:

John Hilton

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]


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