Invesco Property Income Trust Limited

HEADLINE: Property Valuation

The Directors announce the valuation of the Company's property portfolio as at
30 June 2014.

  * UK portfolio: £42.66 million (31 March 2014: £43.38 million).

  * European portfolio: €89.82 million (31 March 2014: €92.40 million).

The total valuation was £114.63 million (31 March 2014: £119.76 million).

Set out below is an analysis of the portfolio's vacancy rates, average gross
yields and weighted unexpired lease terms at 31 March 2014 (31 December 2013).

                               Portfolio at 30 June 2014 (31 March 2014)

                               UK              European          Aggregate

Vacancy rate               9.0% (7.3%)      34.1% (34.1%)      22.3% (21.6%)

Average gross yield       10.0% (8.5%)       7.7% (8.0%)        8.5% (8.2%)

Weighted average             4.6 yrs           1.9 yrs            3.2 yrs
unexpired lease term1
                            (4.7 yrs)         (1.8 yrs)          (3.1 yrs)

Notes:

1 To earlier of next break or lease maturity.

As at 30 June 2014 the Sterling value of the Company's bank borrowings was £
148.02 million (31 March 2014: £150.78 million). The Company has repaid £7.5m
and €1.15 m from proceeds of sales in the previous quarter of the warehouse at
Rotherham and the office building at Diapason. £7.76m of debt was drawn to fund
the settlement of a currency swap swap which expired in April 2014. The
residual change is due to currency movements.

The loan to value ratio was 129.1 per cent. at 30 June 2014 (31 March 2014:
125.9 per cent.). The maximum permitted LTV ratio at the valuation date is 100%
so the Company is in breach of this covenant.

The interest cover stood at 205.2 per cent. (31 March 2014: 199.6 per cent.),
above the minimum permitted.

As stated in the half-yearly financial report and the subsequent interim
management statement the Company is in discussions with its lending bank with a
view to agreeing terms for the Group's future financing.

The Net Asset Value and the Adjusted Net Asset Value per share as at 31 March
2014 and 30 June 2014 will be announced in due course.

8 July 2014

Enquiries:

Angus Pottinger 020 7065 4000
Invesco Asset Management

Rory Morrison 020 7543 3500
Invesco Real Estate