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

UKCM sells Portsmouth's Motor Park at 3pc discount

By Josh White

Date: Monday 09 Mar 2020

LONDON (ShareCast) - (Sharecast News) - UK Commercial Property REIT has sold Motor Park in Portsmouth - a multi-use asset primarily made up of seven car showrooms - to Glasgow City Council, for ?29.8m, it announced on Monday.
The FTSE 250 firm said the sale price represented a 3% discount to the December valuation, and provided it with additional capital to invest in markets with "strong" underlying fundamentals, including alternatives.

UKCM explained that it had undertaken a programme of active asset management, increasing the weighted unexpired lease length at the asset with new leases to Snows Business Holdings, which operates BMW, Mini and SEAT franchises, and Harwoods, which operates the Audi franchise, signed last year.

It also recently completed its ?18.1m sale of Broadbridge Retail Park in Horsham, in line with the September and December valuations, following the exercise of an option by Delancey and Tritax, which had been agreed in November.

"Through our successful asset management activity we were able to increase the average unexpired lease length at Motor Park and enhance its value, which we have crystallised for our investors with this sale," said Will Fulton, lead manager of UKCM at it manager and adviser, Aberdeen Standard Investments.

"These disposals also give us additional firepower to reinvest into attractive, income accretive assets, for example in the alternatives sector, where we see longer term opportunity to deliver reliable returns."

At 0932 GMT, shares in UK Commercial Property REIT were down 3.98% at 76.34p.

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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

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

Time Volume / Share Price
17:05 11,658 @ 80.00p
16:50 98,537 @ 80.00p
16:48 107,568 @ 80.00p
16:48 21,258 @ 80.00p
16:47 9,208 @ 80.00p

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