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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
  -0.10 -0.12% 81.00 1,029,115 16:29:00
Bid Price Offer Price High Price Low Price Open Price
81.00 81.20 82.00 79.50 79.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 55.84 156.02 19.80 4.1 575
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:54 O 898 81.004 GBX

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Date Time Title Posts
01/2/202315:25BMO Commercial Property359

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Posted at 05/2/2023 08:20 by Balanced Commercial Prop... Daily Update
Balanced Commercial Property Trust Limited is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker BCPT. The last closing price for Balanced Commercial Prop... was 81.10p.
Balanced Commercial Property Trust Limited has a 4 week average price of 77.60p and a 12 week average price of 77.60p.
The 1 year high share price is 124p while the 1 year low share price is currently 68.60p.
There are currently 709,550,187 shares in issue and the average daily traded volume is 1,408,095 shares. The market capitalisation of Balanced Commercial Property Trust Limited is £574,735,651.47.
Posted at 01/2/2023 15:25 by cwa1
Balanced Commercial Property Trust Limited today announces a monthly property income distribution payment in respect of the financial year ended 31 December 2022 of 0.4 pence per share as detailed in the schedule below.

The key dates for this interim dividend are as follows:

Ex-Dividend Date
Record Date
Pay Date 09 February 2023
10 February 2023
28 February 2023

Posted at 30/1/2023 10:11 by nickrl
SHB reporting -2.7% reduction in NAV for the last qtr could be a positive read across for the St Chris part of the BCPT portfolio.
Posted at 11/1/2023 16:02 by cwa1
And again...

Dividend Declaration

(Classified Regulated Information, under DTR 6 Annex 1 section 2.3)

Balanced Commercial Property Trust Limited today announces a monthly property
income distribution payment in respect of the financial year ended 31 December
2022 of 0.4 pence per share as detailed in the schedule below.

The key dates for this interim dividend are as follows:

Ex-Dividend Date Record Date Pay Date 19 January 2023 20 January 2023 31 January 2023

Posted at 29/11/2022 11:01 by spectoacc
St Chris's is the big hope with BCPT IMO - held them back all the way up the Covid recovery boom, now due to show its value with London as a tourist destination?

Not a holder, but maintain a soft spot for BCPT.

Posted at 29/11/2022 10:39 by nickrl
SHB managed to out perform other London retail so perhaps BCPT should employ Bicknells valuer.
Posted at 15/11/2022 16:17 by cwa1
https://www.investegate.co.uk/balanced-commercial-property-t--bcpt-/prn/director-pdmr-shareholding/20221115161044P6C86/
Posted at 01/11/2022 18:23 by nickrl
SHB/CAPC reported modest declines in their portfolios of 3.6 and 2% respectively compared to BCPTs slight uptick for St Chris. BCPT didn't say anything about asset mgt over the qtr but SHB/CAPC report pretty favourable letting levels for their portfolios so would expect read across.
Posted at 31/10/2022 08:17 by spectoacc
Completely missed it, thanks.

My view is that that quarter of -6.7% capital values had all of one week of mini Budget non-Budget fiasco in it. Yes, Gilt yields have significantly improved since, but they'll be going back up as rates rise.


"We are already beginning to witness more property coming to the
market as pension funds look to raise liquidity and this is likely to put
further downward pressure on future valuations"

Would have thought the UTs more relevant than pension funds, who are surely over their LDI debacle?


Wow:

"The equivalent yield on the Company's
industrial and logistics properties moved out 65 basis points resulting in a
fall in value of 12 per cent. The occupational market remains resilient
recording historically low rates of vacant space."

Just 65bps led to a 12% fall in capital values.


Also repeating CTPT's line:

"Whilst downward valuation movements in the industrial and retail warehousing
sectors are meaningful in isolation, they represent only a partial reversal of
capital gains generated in the first half of 2022 of 16.4 per cent and 21.9 per
cent respectively."

which makes me think there's a lot further to fall! :) How much of that is in the price already is the question - quite a lot.

St Chris's at worst flatlined as tourists returned, I do think that's a significant differentiator for BCPT. No other small REIT has that offsetting angle (ie weaker £, more footfall). Retail been on its a*se so doesn't have the same amount to give back.

Surprised Offices held up, that fall still to come IMO.


BCPT aren't over-geared by any means, but you have to wonder where interest rates & borrowing rates will be in say a year's time:

"There is a £260 million term loan in place with L&G which matures in December
2024. The Company also has a £50 million term loan with Barclays, along with an
additional undrawn £50 million revolving credit facility. The Barclays facility
expires on 31 July 2023, with the option of a one-year extension. As at 30
September 2022, the Company's loan to value, net of cash ('LTV') was 20.0 per
cent. "

Wouldn't personally be buying back shares, even at this notional discount. Some of that cash already spoken for as detailed in the statement; there's no indication of whether the interest rate changes if they extend the Barclays term loan a year; and 2 years to December 2024 will come around quickly - the last time the UTs gated it took 18 months or more for them to sell enough to ungate.

Posted at 05/8/2022 06:18 by spectoacc
"On 4 August 2022 the Company purchased 2,000,000 Ordinary Shares at a price of 118.66 pence per share."

Much as I like BCPT, that was a poor piece of business yesterday - share price was barely above 118p, spend most of the day nearer 115p & under.

Posted at 18/5/2022 11:14 by spectoacc
Lol @vacendak.

BCPT +9p NAV last qtr. They've still the tailwind of the buy-back. We're a month and a half into the next qtr, and altho Industrials REITs have wobbled, got to fancy say +1.5p/month minimum (which would be half the previous rise). Say near 147p current NAV - perhaps more if St Chris's has finally seen the end of markdowns.

130p, 140p ahead for share price I hope. Very much talking book, but can't ignore the value - BCPT used to consistently trade at par.

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