BMO Commercial Property Trust Limited (BCPT)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

99.20p
   
  • Change Today:
      0.20p
  • 52 Week High: 101.20p
  • 52 Week Low: 59.30p
  • Currency: UK Pounds
  • Shares Issued: 779.39m
  • Volume: 892,809
  • Market Cap: 773.15m
  • RiskGrade: 186

F&C Commercial boosted by London property sales

Date: Wednesday 24 Apr 2013

LONDON (ShareCast) - F&C Commercial Property Trust achieved a total return on net asset value (NAV) of 4.4 per cent for 2012 driven by strong performance of its London portfolio.

The company made a 5.7% return on its portfolio of property investments for the year, compared with a total return of 2.8% from the Investment Property Databank (IPD) benchmark.

The portfolio recorded a top quartile performance over one year and top decile over three and five years within the IPD benchmark.

The share price total return during the year was 8.2% and the share price at the year-end was 103.7p, representing a premium of 5.0% to the NAV per share of 98.8p.

F&C maintained its dividend of 6.0p per share, providing a yield of 5.8% at year end.

"Despite disappointing UK economic growth and concerns regarding the Eurozone, the UK commercial property market in aggregate delivered modest total returns throughout the year," the group said.

Performance was boosted income returns and capital values moved lower during the year.

Central London shops and offices out-performed regional counterparts and prime property beat secondary. However, occupiers were cost sensitive and rental growth was subdued.

Investors remained cautious, favouring prime buildings, established locations and assets with longevity and security of income.

While all sectors weakened in 2012, the retail sector was most affected as a result of structural and cyclical factors.

During the year the company sold two central London properties including 84 Eccleston Square for 49.0m, and 385/389 Oxford Street for 28.1m.

Sales exceeded the most recent valuation, demonstrating a strong demand from overseas investors for Central London properties.

The company also exchanged contracts to sell Charles House, 5-11 Regent Street, London SW1 for 36.0m, compared with the last external valuation of 34.4m. The sale was completed this month.

I am pleased to report that F&C Commercial Property Trust had a successful year in 2012, making good progress in a number of key areas, Chairman Chris Russell said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BCPT Market Data

Currency UK Pounds
Share Price 99.20p
Change Today 0.20p
% Change 0.20 %
52 Week High 101.20p
52 Week Low 59.30p
Volume 892,809
Shares Issued 779.39m
Market Cap 773.15m
RiskGrade 186

BCPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.70% above the market average40.70% above the market average40.70% above the market average40.70% above the market average40.70% above the market average
58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average
Price Trend
38.15% above the market average38.15% above the market average38.15% above the market average38.15% above the market average38.15% above the market average
72.97% above the sector average72.97% above the sector average72.97% above the sector average72.97% above the sector average72.97% above the sector average
Income
21.16% above the market average21.16% above the market average21.16% above the market average21.16% above the market average21.16% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Growth
28.83% below the market average28.83% below the market average28.83% below the market average28.83% below the market average28.83% below the market average
48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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BCPT Dividends

  Latest Previous
  5th Interim 4th Interim
Ex-Div 09-Sep-21 12-Aug-21
Paid 30-Sep-21 31-Aug-21
Amount 0.35p 0.35p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 69,904 @ 99.20p
16:29 543 @ 99.20p
16:29 1,115 @ 99.20p
16:29 18,796 @ 99.20p
16:29 816 @ 99.20p

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