UK Commercial Property Reit Limited (UKCM)

Sector:

Real Estate

Index:

FTSE 250

70.10p
   
  • Change Today:
    -1.00p
  • 52 Week High: 91.00
  • 52 Week Low: 49.00
  • Currency: UK Pounds
  • Shares Issued: 1,299.41m
  • Volume: 2,706,305
  • Market Cap: £910.89m
  • RiskGrade: 248

UK Commercial Property sells Tunbridge Wells retail park

By Iain Gilbert

Date: Thursday 10 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust UK Commercial Property has sold the Great Lodge Retail Park in Tunbridge Wells to M7 Real Estate for a total of £46.25m, less rent guarantee deductions.
UK Commercial Property said on Thursday that the sale price was in line with the asset's June valuation and was part of the group's continued strategy of reducing its retail exposure and securing additional capital to invest in sectors with "strong underlying fundamentals". Now only 16.3% of the trust's portfolio was made up of retail assets, with no shopping centre exposure.

The FTSE 250-listed group added that it was undertaking a programme of "active asset management" at the retail park - agreeing to new leases with the likes of ALDI and Starbucks.

Lead manager Will Fulton said: "This latest disposal aligns with our long-term strategy to reduce our exposure to the retail sector.

"Having completed our asset management programme with lettings to ALDI and Starbucks, we have been able to enhance its value and this sale now provides us with extra firepower to invest in attractive, income-producing assets in sectors that are resilient to long term market trends."

As of 0915 BST, UK Commercial Property shares were down 0.58% at 67.50p.

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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.

 

UKCM Market Data

Currency UK Pounds
Share Price 70.10p
Change Today -1.00p
% Change -1.41 %
52 Week High 91.00
52 Week Low 49.00
Volume 2,706,305
Shares Issued 1,299.41m
Market Cap £910.89m
RiskGrade 248

UKCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.63% below the market average23.63% below the market average23.63% below the market average23.63% below the market average23.63% below the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average
Price Trend
23.79% below the market average23.79% below the market average23.79% below the market average23.79% below the market average23.79% below the market average
1.82% above the sector average1.82% above the sector average1.82% above the sector average1.82% above the sector average1.82% above the sector average
Income
10.60% above the market average10.60% above the market average10.60% above the market average10.60% above the market average10.60% above the market average
19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average
Growth
42.53% below the market average42.53% below the market average42.53% below the market average42.53% below the market average42.53% below the market average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average

UKCM Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 12-Nov-20 13-Aug-20
Paid 30-Nov-20 28-Aug-20
Amount 0.46p 0.46p

Trades for 27-Nov-2020

Time Volume / Share Price
16:36 8,817 @ 70.10p
16:35 1,266,877 @ 70.10p
16:29 524 @ 68.60p
16:29 630 @ 68.60p
16:29 90 @ 68.50p

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