BMO Commercial Property Trust Limited (BCPT)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

101.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 101.20
  • 52 Week Low: 59.30
  • Currency: UK Pounds
  • Shares Issued: 780.98m
  • Volume: 2,541,508
  • Market Cap: £788.78m
  • RiskGrade: 186

F&C Commercial Property Trust completes Kingswell acquisition

Date: Tuesday 29 Apr 2014

LONDON (ShareCast) - FTSE 250-listed F&C Commercial Property Trust has acquired two pre-let blocks at a business park in Aberdeen, providing exposure to 'one of the most buoyant office markets in the UK'.

The transaction completed the trust's 2012 agreement to purchase four new pre-let headquarter office buildings at the site in Kingswell.

The FTSE 250-listed company paid £30.4m for the blocks, having paid £65m for the first two, which were bought in March this year. The purchase of all four was funded by existing cash resources and the company's £30m committed bank facility with Barclays Bank.

"This is a significant transaction for the company and provides it with exposure to one of the most buoyant office markets in the UK as well as increasing its level of dividend cover," F&C said.

"The properties are all income producing, generating rental income of £6.9m per annum, equivalent to a net initial yield of 6.8%."

Blocks three and four amount to approximately 100,000 square feet and have been let to Transocean Drilling UK for a term of 20 years.

All the lease agreements provide for five yearly rent reviews to the higher of open market rental value or 3% per annum compounded, the group explained.

The valuations of the first two blocks were reflected in the net asset value (NAV) per share as at March 31st 2014, while the third and fourth blocks will be recognised in the NAV per share at the end of June.

The share price dropped 0.26% to 120.81p by 12:15 on Tuesday.

NR

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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 101.00p
Change Today 1.50p
% Change 1.51 %
52 Week High 101.20
52 Week Low 59.30
Volume 2,541,508
Shares Issued 780.98m
Market Cap £788.78m
RiskGrade 186

BCPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.09% above the market average45.09% above the market average45.09% above the market average45.09% above the market average45.09% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Price Trend
38.94% above the market average38.94% above the market average38.94% above the market average38.94% above the market average38.94% above the market average
67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average
Income
27.55% above the market average27.55% above the market average27.55% above the market average27.55% above the market average27.55% above the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average
Growth
28.49% below the market average28.49% below the market average28.49% below the market average28.49% below the market average28.49% 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
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 17-Sep-2021

Time Volume / Share Price
16:40 22,415 @ 101.00p
16:35 1,082,255 @ 101.00p
16:29 50,000 @ 99.90p
16:29 516 @ 100.40p
16:29 15,000 @ 99.87p

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