Net Asset Value(s)

TR Property Investment Trust PLC
17 February 2006

TR PROPERTY INVESTMENT TRUST PLC

17 FEBRUARY 2006





TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 16 February 2006, the unaudited net asset value per
share calculated in accordance with the AITC formula (excluding current
financial year revenue items) was 201.9p and the net asset value per share
including debt marked at fair value was 199.2p.




                                    - ENDS -





For further information, please call:

John Hilton

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]


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