TR Property back in the black

TR Property Investment Trust yesterday reported an operating profit of £122.3m for the year to the end of March, compared to the previous year’s loss of £59.1. Earnings per share increased to £37.87 from a loss of £17.33p per share. The firm credited the pick up to an improvement in the wider economy. The results coincided with the end of Peter Salsbury’s nine-year term as chairman.