F&C Commercial Property Trust has posted a 7.3% fall in net asset value per share to 103.4p for the third quarter.
The drop includes a 5.3% decline in the value of the trust’s portfolio to £829m.
The company also said it had delayed its commitment to the redevelopment of 24-27 Great Pulteney Street, London, W1.
“The board remains confident of the scheme, its location… and contribution to the company’s future performance,” the trust said in a statement.
“The scheme will be regularly reviewed and progressed when fundamentals improve and there is less uncertainty in the market.”
