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Prices & Quotes - UK Markets - BMO Commercial Property Trust Limited (BCPT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 61.50p
Change Today:
-0.100p
Market Cap:
491.61m
Sector:
Real Estate Investment Trusts

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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BCPT Market Data

Currency UK Pounds
Price 61.50p
Change Today -0.100p
52 Week High 120.40p
52 Week Low 43.50p
Volume 1,024,545
Shares Issued 799.37m
Market Cap 491.61m

Performance Indicators

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BCPT Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 15-Oct-20 10-Sep-20
Paid 30-Oct-20 30-Sep-20
Amount 0.25p 0.25p

Trades for 30-Oct-2020

Time Volume / Share Price
16:35 190,564 @ 61.50p
16:29 49 @ 61.00p
16:29 74 @ 61.00p
16:29 40 @ 61.00p
16:29 4 @ 61.00p

BCPT Key Personnel

Chair Martin Moore