The board of Balanced Commercial Property Trust has initiated a review into its future as it trades at a discount.
Options set out in an announcement this morning (April 15) include selling off the £554mn trust, which invests in office, retail and industrial buildings.
However, the board is not in discussion with any potential buyers.
Paul Marcuse, chairman of BCPT, said: "Following a very challenging period for Reits during the Covid-19 pandemic and subsequent economic and geopolitical events, BCPT has been repositioning the portfolio away from less attractive sectors and realising cash to facilitate strategic options for the company."
The trust is currently trading at a 28.5 per cent discount.
Marcuse added: "We believe our monthly dividend offers an attractive level of regular income to shareholders.
"We recognise, however, despite recent improvements in the company's share rating, the share price remains at a material discount to the company's net asset value.
"In line with our commitment to do the right thing for our shareholders as a whole, we have commenced this strategic review to determine the best way to enhance value for shareholders, after which the independent board will determine the best way forward."
The strategic review will consider a range of options including selling the company's portfolio, changing the investment strategy, returning capital to shareholders and winding down the investment trust altogether.
The board said as part of the review it will consult with shareholders on the best options for the Reit.
tara.o'connor@ft.com
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