Balanced Commercial Property Trust Limited (BCPT)

Sector:

Property Investment Trusts

Index:

FTSE 250

78.80p
   
  • Change Today:
      0.80p
  • 52 Week High: 91.90
  • 52 Week Low: 61.00
  • Currency: UK Pounds
  • Shares Issued: 701.55m
  • Volume: 900,720
  • Market Cap: £552.82m
  • RiskGrade: 186

Dividend Data

  31-Dec-2231-Dec-2131-Dec-2031-Dec-1931-Dec-18
1st Interim0.40p0.35p0.25p0.50p0.50p
2nd Interim0.40p0.35p0.25p0.50p0.50p
3rd Interim0.40p0.35p0.25p0.50p0.50p
4th Interim0.40p0.35p0.25p0.50p0.50p
Total Dividend4.80p4.35p2.75p5.75p6.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 58.68 55.84 65.27 64.38 64.90
Operating Profit/(Loss) (83.72) 168.49 (72.19) (10.67) 48.81
Net Interest (10.31) (11.14) (11.16) (10.87) (10.91)
Profit Before Tax (94.03) 157.35 (83.36) (21.54) 37.91
Profit After Tax (94.38) 156.02 (84.25) (22.48) 36.40
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (94.38) 156.02 (84.25) (22.48) 36.40
Attributable to:          
Equity Holders of Parent Company (94.38) 156.02 (84.25) (22.48) 36.40
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (13.10p) 19.80p (10.50p) (2.80p) 4.60p
Earnings per Share - Diluted (13.10p) 19.80p (10.50p) (2.80p) 4.60p
Earnings per Share - Adjusted (13.10p) 19.80p (10.50p) (2.80p) 4.60p
Continuing and Discontinued EPS          
Earnings per Share - Basic (13.10p) 19.80p (10.50p) (2.80p) 4.60p
Earnings per Share - Diluted (13.10p) 19.80p (10.50p) (2.80p) 4.60p
Earnings per Share - Adjusted (13.10p) 19.80p (10.50p) (2.80p) 4.60p
           
Dividend per Share 4.70p 4.25p 2.75p 5.50p 6.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 1,075.08 1,180.49 n/a n/a 1,384.86
Investments n/a n/a 1,205.29 1,314.97 n/a
Other Financial Assets n/a n/a n/a n/a (0.01)
Other Non-Current Assets 20.37 19.78 20.59 20.82 19.45
  1,095.45 1,200.27 1,225.89 1,335.79 1,404.30
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 12.81 8.83 11.72 7.56 6.63
Cash at Bank & in Hand 54.84 138.08 34.90 25.89 10.13
Current Asset Investments n/a n/a n/a 5.24 23.56
Other Current Assets 1.03 n/a n/a 0.11 n/a
  68.68 146.91 46.62 38.80 40.32
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,164.13 1,347.18 1,272.51 1,374.59 1,445.00
           
Liabilities          
Current Liabilities          
Borrowings 49.89 n/a n/a n/a n/a
Other Current Liabilities 21.14 18.61 22.88 17.20 17.31
  71.03 18.61 22.88 17.20 17.31
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 259.39 308.64 308.30 308.37 308.01
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 2.25 2.42 1.68 2.34 1.85
  261.64 311.06 309.98 310.70 309.86
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 332.67 329.66 332.86 327.90 327.17
           
Net Assets 831.47 1,017.52 939.64 1,046.69 1,117.45
           
Capital & Reserves          
Share Capital 7.99 7.53 7.99 7.99 7.99
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves 708.03 895.39 818.25 939.60 1,001.64
Retained Earnings 115.44 114.60 113.40 99.10 107.81
Shareholders Funds 831.47 1,017.52 939.64 1,046.69 1,117.45
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 831.47 1,017.52 939.64 1,046.69 1,117.45
Cash Flow 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Cash Flow From Operating Activities 33.23 35.13 38.88 37.16 36.24
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (24.07) 147.05 (6.49) 26.57 (13.30)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (92.41) (79.00) (23.38) (47.96) (47.96)
Net Increase/Decrease In Cash (83.24) 103.18 9.00 15.77 (25.03)
Ratios - based on IFRS 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
PE Ratio - Adjusted n/a 5.3 n/a n/a 27.1
PEG - Adjusted n/a n/a n/a n/a n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a -60%
Dividend Cover (2.79) 4.66 (3.82) (0.51) 0.77
Revenue per Share 8.14p 0.072p 8.17p 8.05p 8.12p
Pre-Tax Profit per Share (13.04p) 0.20p (10.43p) (2.69p) 4.74p
Operating Margin (142.69%) 301.72% (110.60%) (16.57%) 75.21%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a 525.4 n/a n/a 27.1
PEG - Adjusted n/a n/a n/a n/a n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a -60%
Dividend Cover (2.79) 0.05 (3.82) (0.51) 0.77
           
Dividend Yield 5.3% 4.0% 3.4% 4.8% 4.8%
Dividend per Share Growth 10.59% 54.55% (50.00%) (8.33%) n/a
Operating Cash Flow per Share 4.61p 4.46p 4.86p 4.65p 4.53p
Cash Incr/Decr per Share (11.55p) 0.13p 1.13p 1.97p (3.13p)
Net Asset Value per Share (exc. Intangibles) 115.33p 129.32p 117.55p 130.94p 139.79p
Net Gearing 30.60% 16.76% 29.10% 26.99% 26.66%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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