Net Asset Value(s)

TR Property Investment Trust PLC
19 May 2006

TR PROPERTY INVESTMENT TRUST PLC

19 MAY 2006



TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 18 May 2006, the unaudited net asset value per share
calculated in accordance with the AITC formula (excluding current financial year
revenue items) was 200.8p and the net asset value per share including debt
marked at fair value was 198.5p.


                                    - ENDS -


For further information, please call:

John Hilton

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]


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