Invesco Property Income Trust Limited

HEADLINE: Property Valuation

The Directors announce the valuation of the Company's property portfolio as at
31 December 2013.

  * UK portfolio: £66.14 million (30 September 2013: £65.26 million on a like
    for like basis excluding sold properties).

  * European portfolio: ?112.49 million (30 September 2013: ?123.21 million on
    a like for like basis excluding sold properties).

The total valuation was £160.07 million, down 5.0% on a like for like basis (30
September 2013: £182.39 million).

Set out below is an analysis of the portfolio's vacancy rates, average gross
yields and weighted unexpired lease terms at 31 December 2013 (30 September
2013).

                           Portfolio at 31 December 2013 (30 September 2013)

                               UK              European          Aggregate

Vacancy rate              13.7% (9.6%)      12.9% (12.5%)      13.3% (11.0%)

Average gross yield        7.6% (9.5%)       9.5% (8.5%)        8.7% (8.9%)

Weighted average             5.6 yrs           1.7 yrs            3.3 yrs
unexpired lease term1
                            (4.1 yrs)         (2.0 yrs)          (2.9 yrs)

Notes:

1 To earlier of next break or lease maturity.

As at 31 December 2013 the Sterling value of the Company's bank borrowings was
£175.45 million (30 September 2013: £191.23 million). The Company repaid £8.9
million and ?7.7 million of borrowings following sales of the properties at
Northampton and Hoeilaart in Belgium.

The interest cover stood at 144.7 per cent. (30 September 2013: 145.7 per
cent.), above the minimum permitted.

Reflecting the fall in values in Europe, at 31 December 2013 the loan to value
ratio had risen to 109.6 per cent. (30 September 2013: 104.9 per cent.). The
maximum permitted LTV ratio at the valuation date was 100% (down from 110% at
30 September) so the Company is in breach of this covenant. As stated in the
last annual report and the subsequent interim management statement the Company
is in discussions with its lending bank with a view to agreeing an extension to
the facility and amendments to covenants.

The Net Asset Value and the Adjusted Net Asset Value per share as at 31
December 2013 will be announced in due course.

14 January 2014

Enquiries:

Angus Pottinger 020 7065 4000
Invesco Asset Management

Rory Morrison 020 7543 3500
Invesco Real Estate