Balanced Commercial Property Trust Limited (BCPT)

Sector:

Property Investment Trusts

Index:

FTSE 250

77.10p
   
  • Change Today:
    -0.60p
  • 52 Week High: 91.90
  • 52 Week Low: 61.00
  • Currency: UK Pounds
  • Shares Issued: 701.55m
  • Volume: 954,427
  • Market Cap: £540.90m
  • RiskGrade: 186

BMO Commercial Property reports fall in NAV amid Brexit headwinds

By Duncan Ferris

Date: Tuesday 17 Sep 2019

LONDON (ShareCast) - (Sharecast News) - BMO Commercial Property Trust on Tuesday reported a decline in net asset value per share as Brexit ensured continued uncertainty in the UK commercial property market.

Net asset value per share declined by 2.5% to 136.3p during the six month period ended 30 June, while the trust achieved a total return of 0.5% against 3.7% in the same period last year and a MSCI UK Quarterly Property Universe return of 0.9%.

Monthly interim dividends were maintained at 0.5p per share continued during the period, meaning the annual dividend is on course to remain at the 6.0p per share paid since 2006, providing a dividend yield of 5.4% based on the period-end share price.

BMO's total portfolio valuation fell by 3% to £1.4bn as the period saw the trust dispose of its Thames Valley Park 1, Thames Valley Park 2 and Building A, Watchmoor Park, Camberley properties, which were viewed as limiting future growth.

The FTSE 250-traded trust said it is preparing to recycle this newly acquired capital into advanced asset management opportunities that will provide long-term income and support future fund performance.

Though Brexit continues to cause headwinds to the UK property market, the company said it expected easier fiscal policy and low interest rates to provide some support in the coming months, with total returns anticipated to be in the low single-digits over the remainder of the year.

Martin Moore, chairman of BMO, said: "Notwithstanding the short-term pressures in the retail sector, the company has a well-positioned and resilient portfolio with exciting opportunities across many sectors to add value and deliver sustainable long-term rental income. Our efforts continue to be focused on delivering these over the months ahead."

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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 77.10p
Change Today -0.60p
% Change -0.77 %
52 Week High 91.90
52 Week Low 61.00
Volume 954,427
Shares Issued 701.55m
Market Cap £540.90m
RiskGrade 186

BCPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.61% above the market average54.61% above the market average54.61% above the market average54.61% above the market average54.61% above the market average
47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average
Price Trend
12.16% above the market average12.16% above the market average12.16% above the market average12.16% above the market average12.16% above the market average
74.19% above the sector average74.19% above the sector average74.19% above the sector average74.19% above the sector average74.19% above the sector average
Income
48.96% above the market average48.96% above the market average48.96% above the market average48.96% above the market average48.96% above the market average
21.74% below the sector average21.74% below the sector average21.74% below the sector average21.74% below the sector average21.74% below the sector average
Growth
46.54% below the market average46.54% below the market average46.54% below the market average46.54% below the market average46.54% below the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BCPT Dividends

  Latest Previous
  10th Interim 9th Interim
Ex-Div 15-Feb-24 11-Jan-24
Paid 29-Feb-24 31-Jan-24
Amount 0.44p 0.44p

Trades for 23-Feb-2024

Time Volume / Share Price
16:35 192,781 @ 77.10p
16:35 1 @ 77.10p
16:35 1,330 @ 77.10p
16:35 999 @ 77.10p
16:35 3,924 @ 77.10p

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