Invesco Property Income Trust Limited

HEADLINE: Property Valuation

The Directors announce the valuation of the Company's property portfolio as at
31 March 2014.

  * UK portfolio: £43.38 million (31 December 2013: £42.8 million on a like for
    like basis excluding sold properties).

  * European portfolio: €92.40 million (31 December 2013: €95.99 million on a
    like for like basis excluding sold properties).

The total valuation was £119.76 million (31 December 2013: £160.07 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 31 March 2013 (31 December 2013)

                               UK              European          Aggregate

Vacancy rate              7.3% (13.7%)      34.1% (12.9%)      21.6% (13.3%)

Average gross yield        8.5% (7.6%)       8.0% (9.5%)        8.2% (8.7%)

Weighted average             4.7 yrs           1.8 yrs            3.1 yrs
unexpired lease term1
                            (5.6 yrs)         (1.7 yrs)          (3.3 yrs)

Notes:

1 To earlier of next break or lease maturity.

As at 31 March 2014 the Sterling value of the Company's bank borrowings was £
150.78 million (31 December 2013: £175.45 million). The Company has repaid £
14.49 million and €11.0 million of borrowings in the quarter from proceeds of
sales.

A further £7.5m has been repaid since the quarter end and €1.15 m is due to be
repaid shortly representing, respectively, the proceeds of the sale completed
on 28 March 2014 of the warehouse at Rotherham and the residual proceeds from
Diapason.

Pending these repayments the loan to value ratio has risen to 125.9 per cent.
at 31 March 2014 (31 December 2013: 109.6 per cent.). Following the outstanding
repayment of sales proceeds the LTV will fall to 118.8 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 ratio stood at 199.6 per cent. (31 December 2013: 144.7 per
cent.), above the minimum permitted. This calculation assumes that the
outstanding repayment of sales proceeds will be used to reduce debt at the end
of this quarter. The improvement reflects the shorter remaining term on the
interest rate swaps and the reduction by £10m notional of the sterling swap
following debt repayment.

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 will be announced in due course.

9 April 2014

Enquiries:

Angus Pottinger 020 7065 4000
Invesco Asset Management

Rory Morrison 020 7543 3500
Invesco Real Estate
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