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

Strength the keyword for F&C Commercial Property Trust

By Josh White

Date: Tuesday 05 Apr 2016

LONDON (ShareCast) - (ShareCast News) - F&C Commercial Property Trust was holding steady in 2015, it reported on Tuesday, as it prepared the business for a change in the cycle from capital returns to income returns.
The FTSE 250 firm saw net asset value total return of 15.9% during the year, and share price total return of 2.8%. Its portfolio total return was 14.3%, compared with a total return of 13.3% from the IPD benchmark.

F&C's board maintained its dividend at 6p per ordinary share, providing a yield of 4.5% based on the year-end share price.Its dividend cover was increased to 80.6% from 50.5%, with net income increasing by £15.4m during the year.

"2015 was a positive year for the company as it continued to build on its strong long-term record," said chairman Chris Russell.

"With a new ten year loan at a significantly lower interest rate in place and the next continuation vote aligned to the maturity of that loan, the focus for the year was driving income and value creating asset management rather than any further corporate change," he added.

F&C's share price at year-end of 134.4p represented a 0.6% discount to the net asset value per share of 135.2p.

Russell said performance in the year was driven by capital growth in the portfolio of 9.2%, with the strongest returns experienced in the logistics and industrials sector in the South East.

"The UK commercial property market is continuing to deliver good performance but there are signs that investment momentum may be easing," he explained.

"There are concerns about pricing, particularly in London, and the market is entering a phase of the cycle where yield compression and the rate of rental growth are both expected to level off."

Russell said there was a general consensus that returns would now revert to being more income-drive, following three years of strong capital performance, with rental growth expected to be positive at the all-property level over the next few years.

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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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