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BCPT Balanced Commercial Property Trust Limited

95.80
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Balanced Commercial Property Trust Limited LSE:BCPT London Ordinary Share GG00B4ZPCJ00 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 95.80 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 59.35M -26.07M -0.0372 -25.75 672.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 95.80 GBX

Balanced Commercial Prop... (BCPT) Latest News

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Date Time Title Posts
02/12/202415:25BMO Commercial Property476

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Posted at 03/12/2024 08:20 by Balanced Commercial Prop... Daily Update
Balanced Commercial Property Trust Limited is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker BCPT. The last closing price for Balanced Commercial Prop... was 95.80p.
Balanced Commercial Prop... currently has 701,550,187 shares in issue. The market capitalisation of Balanced Commercial Prop... is £672,085,079.
Balanced Commercial Prop... has a price to earnings ratio (PE ratio) of -25.75.
This morning BCPT shares opened at -
Posted at 05/9/2024 11:45 by williamcooper104
Just as EPIC had done the right thing (other than forgetting to put tens of millions on an interest bearing deposit) and yet was still sold, so should BCPT after having gotten shot of its doggy offices stayed listed Discounts to NAV will go when the muppet money managed by the Wealth Managers can't get a >4 yield on gilts BCPT wasn't too small either
Posted at 05/9/2024 10:48 by redsonning
Average buy price 78p, yielded near 6% for much of that time over several years. Well managed, low gearing, low voids, excellent mix of properties. Taken out at 96p. What's not to like.
Posted at 05/9/2024 07:09 by vacendak
AVI have sold their shares apparently. They were in favour of the proposal.
I guess this was with MIGO as AGT did not hold BCPT as far as I know.
Posted at 04/9/2024 06:06 by morph7
96p per share.We've just been mugged.
Posted at 07/8/2024 09:11 by williamcooper104
Have a look at the Great Profits from Windown thread Just posted an article on BCPT - in short - it's in play and a take private looking more likely than not
Posted at 06/8/2024 13:29 by vacendak
Indeed, but it stopped paying anything for a while during the lockdowns and we are still way off the 6p per share we used to get in the "good old days".

Still it is one of those rare-ish ITs that pays monthly.
Posted at 29/7/2024 07:31 by spectoacc
Thought same, probably better value elsewhere but likely will end up with a conclusion to BCPT before long.

The offices they sold were at further losses - only thing going for RGL is how "cheap" it now is.

I'd like to see a premium sale of St Chris's at BCPT, then the rest ideally rolled into something else. But not currently a holder.
Posted at 12/7/2024 21:18 by williamcooper104
Property week 7% discount to March values - ouch - but at least offices getting whittled down BCPT continues to cut office exposure with £41.6m double asset sale12 Jul 2024By Madeleine KnightCOMMENT Add to BookmarksBalanced Commercial Property Trust (BCPT) has sold two office assets, 7 Birchin Lane, London and 82 King Street, Manchester, continuing its strategy of reducing the portfolio's office exposure.The offices were sold for a combined £41.65m, representing an average 7.2% discount to independent valuations at the end of March. The Birchin Lane sale saw the company dispose of its only City of London holding.The disposals reduced BCPT's portfolio exposure to offices to 17.8% by capital value, down from 29.6% at the end of June 2023.BCPT has completed six office disposals since the start of December 2023, raising £110.52m, at an average 4.4% discount to their latest valuations.Proceeds from the sales have been used to repay BCPT's revolving credit facility and it will have more than £100m in cash reserves on completion of the latest sales.Meanwhile, BCPT has also secured four new leases at St Christopher's Place, a central London estate comprising 172 lettable units and 40 buildings, diversified across the retail, leisure, residential and office sectors. with the aim of capitalising on strong fundamentals and growing demand in the food and beverage (F&B) sector.According to BCPT's investment manager, Columbia Threadneedle, the focus on F&B will produce superior rents, longer leases and improved capitalisation rates, while also extending consumer dwell time and spending, with extended trading hours.Richard Kirby, fund manager of BCPT at Columbia Threadneedle, said: "We have now disposed of six office holdings since December 2023 and these two office sales were at an opportune point in the asset life cycle to optimise exit value."The pricing achieved further underlines the liquidity in the portfolio, despite the challenging market backdrop for the office sector.""The F&B sector has proven itself to be highly resilient in recent years and is an increasingly attractive sub-sector for investors."
Posted at 12/6/2024 08:09 by spectoacc
Not sure what to make of it really. St Chris's is a unique asset, ought to fetch a reasonable price. But like every other REIT, seems there's no knockout bids near to NAV to be had.
Posted at 26/4/2024 16:56 by nickrl
Late in the day to release results!!

Have to admire BCPT they provide plenty of detail in the accounts others could do with including. Anyhow what caught my attention is even their low vacancy level has cost 2.5m off income. Also shows what that the cost of the new term loan is SONIA+1.8% so 6.98% which is over double current rate. They are also incurring a commitment fee on the full amount at 0.45% rising to 0.63% from 13/9/24. This has been dead cost for 15mths but guess that was the price to ensure the existing loan can be repaid. Oh and then add on the 3.9m in arrangement fees a lot of cash going out the door.

Anyhow the dividend will surely need to be reset when the new loan kicks in unless IR drop and they can secure a swap maybe thats also a driver for the strategic review.
Balanced Commercial Prop... share price data is direct from the London Stock Exchange

Balanced Commercial Prop... Frequently Asked Questions (FAQ)

How many Balanced Commercial Prop... shares are in issue?
Balanced Commercial Prop... has 701,550,187 shares in issue.
What is the market cap of Balanced Commercial Prop...?
The market capitalisation of Balanced Commercial Prop... is GBP 672.09 M.
What is the 1 year trading range for Balanced Commercial Prop... share price?
Balanced Commercial Prop... has traded in the range of 66.70p to 96.90p during the past year.
What is the PE ratio of Balanced Commercial Prop...?
The price to earnings ratio of Balanced Commercial Prop... is -25.75.
What is the cash to sales ratio of Balanced Commercial Prop...?
The cash to sales ratio of Balanced Commercial Prop... is 11.32.
What is the reporting currency for Balanced Commercial Prop...?
Balanced Commercial Prop... reports financial results in GBP.
What is the latest annual turnover for Balanced Commercial Prop...?
The latest annual turnover of Balanced Commercial Prop... is GBP 59.35M.
What is the latest annual profit for Balanced Commercial Prop...?
The latest annual profit of Balanced Commercial Prop... is GBP -26.07M.
What is the registered address of Balanced Commercial Prop...?
The registered address for Balanced Commercial Prop... is PO BOX 11114, CHELMSFORD, ESSEX, CM99 2DG.
What is the Balanced Commercial Prop... website address?
The website address for Balanced Commercial Prop... is www.columbiathreadneedle.co.uk/balanced-commercial-property-trust.
Which industry sector does Balanced Commercial Prop... operate in?
Balanced Commercial Prop... operates in the REAL ESTATE INVESTMENT TRUST sector.