F&C UK Real Estate Share Discussion Threads

[nickrl] 08/12/2019 13:45

i believe this REIT has been renamed to BMO Real Estate Inv Trust with code BREI

[spectoacc] 27/10/2016 10:44

Found this morning's NAV RNS a bit disappointing. 3.4p drop over the qtr, of which 3.1p was drop in property valuation (or 2.3% ungeared - they've put a mix of p & % in the RNS, but near enough when it's trading close to a quid).

Yield's there, assets still good quality, gearing relatively low. But that seems a big drop over a mere quarter, when post-Brexit, property has seemingly suffered no fall at all (yet). The initial valuer's tank was soon recovered when actual transactions went through.

Sold my holding, has been a good ride, hope to get back in again in future. Would be happy with c.5.5% yield and a few % increase in property value every year - that makes for a nice return. Less enamoured with c.5.5% yield and (say) -5% NAV going forwards.

Will no doubt revisit FCRE again sometime - good luck holders. Think there's better value in other REITS at enormous discounts (but lower yields) for the time being.

[getscenic] 24/9/2016 19:44

Agreed, I like quiet. I think post brexit property fund scare out of the way I am happy to hold with a 5% yield.

[bartle] 24/9/2016 18:48

Blackrock have increased their holding to over 5%, sounds like a vote of confidence to me. Very quiet from PIs on this one. Doesn't do much but pays a decent divi while waiting for some capital appreciation. The risk reward seems pretty reasonable to me.

[getscenic] 24/10/2015 15:51

Have this on watch, any views welcomed.