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 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 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
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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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