Balanced Commercial Property Trust Limited (BCPT)

Sector:

Property Investment Trusts

Index:

FTSE 250

81.40p
   
  • Change Today:
    -2.60p
  • 52 Week High: 91.90
  • 52 Week Low: 61.00
  • Currency: UK Pounds
  • Shares Issued: 701.55m
  • Volume: 1,482,342
  • Market Cap: £571.06m
  • RiskGrade: 186

Strength the keyword for F&C Commercial Property Trust

By Josh White

Date: Tuesday 05 Apr 2016

LONDON (ShareCast) - (ShareCast News) - F&C Commercial Property Trust was holding steady in 2015, it reported on Tuesday, as it prepared the business for a change in the cycle from capital returns to income returns.
The FTSE 250 firm saw net asset value total return of 15.9% during the year, and share price total return of 2.8%. Its portfolio total return was 14.3%, compared with a total return of 13.3% from the IPD benchmark.

F&C's board maintained its dividend at 6p per ordinary share, providing a yield of 4.5% based on the year-end share price.Its dividend cover was increased to 80.6% from 50.5%, with net income increasing by £15.4m during the year.

"2015 was a positive year for the company as it continued to build on its strong long-term record," said chairman Chris Russell.

"With a new ten year loan at a significantly lower interest rate in place and the next continuation vote aligned to the maturity of that loan, the focus for the year was driving income and value creating asset management rather than any further corporate change," he added.

F&C's share price at year-end of 134.4p represented a 0.6% discount to the net asset value per share of 135.2p.

Russell said performance in the year was driven by capital growth in the portfolio of 9.2%, with the strongest returns experienced in the logistics and industrials sector in the South East.

"The UK commercial property market is continuing to deliver good performance but there are signs that investment momentum may be easing," he explained.

"There are concerns about pricing, particularly in London, and the market is entering a phase of the cycle where yield compression and the rate of rental growth are both expected to level off."

Russell said there was a general consensus that returns would now revert to being more income-drive, following three years of strong capital performance, with rental growth expected to be positive at the all-property level over the next few years.

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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 81.40p
Change Today -2.60p
% Change -3.10 %
52 Week High 91.90
52 Week Low 61.00
Volume 1,482,342
Shares Issued 701.55m
Market Cap £571.06m
RiskGrade 186

BCPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.39% above the market average39.39% above the market average39.39% above the market average39.39% above the market average39.39% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Price Trend
40.46% above the market average40.46% above the market average40.46% above the market average40.46% above the market average40.46% above the market average
53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average
Income
45.96% above the market average45.96% above the market average45.96% above the market average45.96% above the market average45.96% above the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average
Growth
41.99% below the market average41.99% below the market average41.99% below the market average41.99% below the market average41.99% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% 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
  11th Interim 10th Interim
Ex-Div 14-Mar-24 15-Feb-24
Paid 28-Mar-24 29-Feb-24
Amount 0.44p 0.44p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 243,804 @ 81.40p
16:35 1,179 @ 81.40p
16:35 689 @ 81.40p
16:35 1,266 @ 81.40p
16:35 89 @ 81.40p

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