UK Commercial Property Reit Limited (UKCM)

Sector:

Real Estate

Index:

FTSE 250

80.00p
   
  • Change Today:
      2.30p
  • 52 Week High: 81.20p
  • 52 Week Low: 59.80p
  • Currency: UK Pounds
  • Shares Issued: 1,299.41m
  • Volume: 4,971,421
  • Market Cap: £1,039.53m
  • RiskGrade: 248

UK CPT offloads shopping centres to Shropshire Council

By Iain Gilbert

Date: Wednesday 24 Jan 2018

LONDON (ShareCast) - (ShareCast News) - Guernsey-based investment firm UK Commercial Property Trust has completed the sale of its three retail centres in Shrewsbury town centre to Shropshire Council for roughly £51m, representing a small premium to book value.
UK CPM, which was advised by Standard Life Investments, completed the sale on Wednesday after having initially exchanged contracts in December.

The Charles Darwin, Pride Hill and Riverside shopping centres, all located in the heart of Shrewsbury's town centre, were made up of around 428,400 square feet of retail and leisure space in total.

Will Fulton, fund manager at Standard Life Investments, said, "The sale of these three centres is in line with our previously stated strategy of reducing our portfolio's weighting towards retail. Furthermore, the sale provides us with additional financial resources which we intend to recycle into other investment opportunities that fit with the company's investment strategy."

"We have been discussing long-term options for these centres with Shropshire Council for a while which ultimately led to negotiations around the Council acquiring them and managing them going forward. We believe that this is a very satisfactory outcome for both parties and for the future of the centres," he added.

As of 1420 GMT, shares had retreated 0.44% to 89.60p.

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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 80.00p
Change Today 2.30p
% Change 2.96 %
52 Week High 81.20p
52 Week Low 59.80p
Volume 4,971,421
Shares Issued 1,299.41m
Market Cap £1,039.53m
RiskGrade 248

UKCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.64% above the market average4.64% above the market average4.64% above the market average4.64% above the market average4.64% above the market average
55.1% below the sector average55.1% below the sector average55.1% below the sector average55.1% below the sector average55.1% below the sector average
Price Trend
12.44% below the market average12.44% below the market average12.44% below the market average12.44% below the market average12.44% below the market average
1.89% below the sector average1.89% below the sector average1.89% below the sector average1.89% below the sector average1.89% below the sector average
Income
48.91% above the market average48.91% above the market average48.91% above the market average48.91% above the market average48.91% above the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Growth
65.98% below the market average65.98% below the market average65.98% below the market average65.98% below the market average65.98% below the market average
73.08% below the sector average73.08% below the sector average73.08% below the sector average73.08% below the sector average73.08% below the sector average

What The Brokers Say

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Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
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UKCM Dividends

  Latest Previous
  1st Interim 5th Interim
Ex-Div 13-May-21 06-May-21
Paid 28-May-21 21-May-21
Amount 0.64p 0.53p

Trades for 18-Jun-2021

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