Net Asset Value(s)

TR Property Investment Trust PLC
17 May 2006



TR PROPERTY INVESTMENT TRUST PLC

17 MAY 2006





TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 16 May 2006, the unaudited net asset value per share
calculated in accordance with the AITC formula (excluding current financial year
revenue items) was 210.5p and the net asset value per share including debt
marked at fair value was 208.2p.




                                    - ENDS -





For further information, please call:

John Hilton

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]


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