Annual Report & Consolidated Accounts
Year ended 31 December 2022
This document is important and requires your immediate attention.
If you are in any doubt as to the action you should take, you are
recommended to seek your own independent financial advice
from your stockbroker, bank manager, solicitor, accountant, or
other independent financial adviser authorised under the Financial
Services and Markets Act 2000 if you are in the United Kingdom or,
if not, from another appropriately authorised financial adviser.
If you have sold or otherwise transferred all of your shares in abrdn
Property Income Trust Limited, please forward this document as
soon as possible to the purchaser or transferee, or to the stockbroker,
bank or other agent through whom the sale or transfer was, or is
being, effected, for delivery to the purchaser or transferee. ■
● Introduction
02 Objective and Investment Policy
● Strategic Report
04 Financial and Portfolio Review
06 Performance Summary
07 Chair’s Statement
12 Investment Manager’s Report
24 Property Investments
29 Environmental, Social and Governance
42 Taskforce for Climate-Related Financial Disclosures
46 Stakeholder Engagement
50 Strategic Overview
● Governance
60 Board of Directors
62 Directors’ Report
67 Corporate Governance Report
73 Sustainability Committee Report
74 Audit Committee Report
76 Directors’ Remuneration Report
79 Statement of Directors’ Responsibilities
● Financial Statements
80 Independent Auditor’s Report
90 Consolidated Statement of Comprehensive Income
91 Consolidated Balance Sheet
92 Consolidated Statement of Changes in Equity
93 Consolidated Cash Flow Statement
94 Notes to the Consolidated Financial Statements
● Additional Information
123 EPRA Performance Measures, ESG Performance
and Environmental Indicators
134 Glossary
136 Investor Information
141 Annual General Meeting
Contents
01
API Annual Report & Accounts Year End 31 December 2022