UK Commercial Property Reit Limited (UKCM)

Sector:

Real Estate

Index:

FTSE 250

69.80p
   
  • Change Today:
      0.30p
  • 52 Week High: 70.18
  • 52 Week Low: 48.40
  • Currency: UK Pounds
  • Shares Issued: 1,299.41m
  • Volume: 438,041
  • Market Cap: £906.99m
  • RiskGrade: 248
  • Beta: 0.01

UKCM sells Wembley180 asset for £74m

By Frank Prenesti

Date: Friday 26 May 2023

LONDON (ShareCast) - (Sharecast News) - UK Commercial Property REIT said it had sold its Wembley180 logistics asset in London to Covent Garden IP for £74m.


The deal reflects a net initial yield of 3.49% and is broadly in line with the company's March 2023 valuation.

UKCM has owned the property since 2009 and completed a refurbishment of the asset in 2019 when it let the unit to a global e-commerce company until 2029. It will primarily use the proceeds to enhance earnings by paying down a substantial amount of its £93m floating rate Rolling Credit Facility, currently costing 6.3% per annum.

Email this article to a friend

or share it with one of these popular networks:


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 69.80p
Change Today 0.30p
% Change 0.43 %
52 Week High 70.18
52 Week Low 48.40
Volume 438,041
Shares Issued 1,299.41m
Market Cap £906.99m
Beta 0.01
RiskGrade 248

UKCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.73% below the market average72.73% below the market average72.73% below the market average72.73% below the market average72.73% below the market average
89.74% below the sector average89.74% below the sector average89.74% below the sector average89.74% below the sector average89.74% below the sector average
Price Trend
53.92% above the market average53.92% above the market average53.92% above the market average53.92% above the market average53.92% above the market average
67.44% above the sector average67.44% above the sector average67.44% above the sector average67.44% above the sector average67.44% above the sector average
Income
49.75% above the market average49.75% above the market average49.75% above the market average49.75% above the market average49.75% above the market average
25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average
Growth
38.17% below the market average38.17% below the market average38.17% below the market average38.17% below the market average38.17% below the market average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% 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.

UKCM Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 15-Feb-24 16-Nov-23
Paid 29-Feb-24 30-Nov-23
Amount 0.85p 0.85p

Trades for 03-May-2024

Time Volume / Share Price
11:26 5,296 @ 69.80p
11:26 1,049 @ 69.80p
11:26 4 @ 69.80p
11:26 15,649 @ 69.80p
11:23 10,000 @ 69.90p

UKCM Key Personnel

Chair Peter Pereira Gray

Top of Page