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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Balanced Commercial Property Trust Limited | BCPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.30 | -1.62% | 78.90 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 80.20 | 79.30 | 80.60 | 78.90 | 80.20 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/03/2024 | Interim | GBP | 0.0044 | 14/03/2024 | 15/03/2024 | 28/03/2024 |
| 07/02/2024 | Interim | GBP | 0.0044 | 15/02/2024 | 16/02/2024 | 29/02/2024 |
| 03/01/2024 | Interim | GBP | 0.0044 | 11/01/2024 | 12/01/2024 | 31/01/2024 |
| 28/11/2023 | Interim | GBP | 0.0044 | 14/12/2023 | 15/12/2023 | 29/12/2023 |
| 01/11/2023 | Interim | GBP | 0.0044 | 09/11/2023 | 10/11/2023 | 30/11/2023 |
| 04/10/2023 | Interim | GBP | 0.0044 | 12/10/2023 | 13/10/2023 | 31/10/2023 |
| 06/09/2023 | Interim | GBP | 0.004 | 14/09/2023 | 15/09/2023 | 29/09/2023 |
| 02/08/2023 | Interim | GBP | 0.004 | 10/08/2023 | 11/08/2023 | 31/08/2023 |
| 05/07/2023 | Interim | GBP | 0.004 | 13/07/2023 | 14/07/2023 | 31/07/2023 |
| 31/05/2023 | Interim | GBP | 0.004 | 15/06/2023 | 16/06/2023 | 30/06/2023 |
| 03/05/2023 | Interim | GBP | 0.004 | 11/05/2023 | 12/05/2023 | 31/05/2023 |
| 05/04/2023 | Interim | GBP | 0.004 | 13/04/2023 | 14/04/2023 | 28/04/2023 |
| 08/03/2023 | Interim | GBP | 0.004 | 16/03/2023 | 17/03/2023 | 31/03/2023 |
| 01/02/2023 | Interim | GBP | 0.004 | 09/02/2023 | 10/02/2023 | 28/02/2023 |
| 11/01/2023 | Interim | GBP | 0.004 | 19/01/2023 | 20/01/2023 | 31/01/2023 |
| 02/12/2022 | Interim | GBP | 0.004 | 15/12/2022 | 16/12/2022 | 30/12/2022 |
| 08/11/2022 | Interim | GBP | 0.004 | 17/11/2022 | 18/11/2022 | 30/11/2022 |
| 04/10/2022 | Interim | GBP | 0.004 | 13/10/2022 | 14/10/2022 | 31/10/2022 |
| 07/09/2022 | Interim | GBP | 0.004 | 15/09/2022 | 16/09/2022 | 30/09/2022 |
| 03/08/2022 | Interim | GBP | 0.004 | 11/08/2022 | 12/08/2022 | 31/08/2022 |
| 06/07/2022 | Interim | GBP | 0.004 | 14/07/2022 | 15/07/2022 | 29/07/2022 |
| 27/05/2022 | Interim | GBP | 0.004 | 09/06/2022 | 10/06/2022 | 30/06/2022 |
| 19/04/2022 | Interim | GBP | 0.004 | 12/05/2022 | 13/05/2022 | 31/05/2022 |
| 06/04/2022 | Interim | GBP | 0.00375 | 14/04/2022 | 19/04/2022 | 29/04/2022 |
| 02/03/2022 | Interim | GBP | 0.00375 | 10/03/2022 | 11/03/2022 | 31/03/2022 |
| 02/02/2022 | Interim | GBP | 0.00375 | 10/02/2022 | 11/02/2022 | 28/02/2022 |
| 05/01/2022 | Interim | GBP | 0.00375 | 13/01/2022 | 14/01/2022 | 31/01/2022 |
| 01/12/2021 | Interim | GBP | 0.00375 | 09/12/2021 | 10/12/2021 | 31/12/2021 |
| 21/10/2021 | Interim | GBP | 0.00375 | 11/11/2021 | 12/11/2021 | 30/11/2021 |
| 06/10/2021 | Interim | GBP | 0.0035 | 14/10/2021 | 15/10/2021 | 29/10/2021 |
| 01/09/2021 | Interim | GBP | 0.0035 | 09/09/2021 | 10/09/2021 | 30/09/2021 |
| 04/08/2021 | Interim | GBP | 0.0035 | 12/08/2021 | 13/08/2021 | 31/08/2021 |
| 07/07/2021 | Interim | GBP | 0.0035 | 15/07/2021 | 16/07/2021 | 30/07/2021 |
| 03/06/2021 | Interim | GBP | 0.0035 | 10/06/2021 | 11/06/2021 | 30/06/2021 |
| 05/05/2021 | Interim | GBP | 0.0035 | 13/05/2021 | 14/05/2021 | 28/05/2021 |
| 07/04/2021 | Interim | GBP | 0.0035 | 15/04/2021 | 16/04/2021 | 30/04/2021 |
| 03/03/2021 | Interim | GBP | 0.0035 | 11/03/2021 | 12/03/2021 | 31/03/2021 |
| 04/02/2021 | Interim | GBP | 0.0035 | 11/02/2021 | 12/02/2021 | 26/02/2021 |
| 06/01/2021 | Interim | GBP | 0.0035 | 14/01/2021 | 15/01/2021 | 29/01/2021 |
| 03/12/2020 | Interim | GBP | 0.0035 | 10/12/2020 | 11/12/2020 | 31/12/2020 |
| 04/11/2020 | Interim | GBP | 0.0025 | 12/11/2020 | 13/11/2020 | 30/11/2020 |
| 06/10/2020 | Interim | GBP | 0.0025 | 15/10/2020 | 16/10/2020 | 30/10/2020 |
| 02/09/2020 | Interim | GBP | 0.0025 | 10/09/2020 | 11/09/2020 | 30/09/2020 |
| 04/08/2020 | Interim | GBP | 0.0025 | 13/08/2020 | 14/08/2020 | 28/08/2020 |
| 04/03/2020 | Interim | GBP | 0.005 | 12/03/2020 | 13/03/2020 | 31/03/2020 |
| 05/02/2020 | Interim | GBP | 0.005 | 13/02/2020 | 14/02/2020 | 28/02/2020 |
| 09/01/2020 | Interim | GBP | 0.005 | 16/01/2020 | 17/01/2020 | 31/01/2020 |
| 17/09/2019 | Interim | GBP | 0.005 | 12/12/2019 | 13/12/2019 | 31/12/2019 |
| 17/09/2019 | Interim | GBP | 0.005 | 14/11/2019 | 15/11/2019 | 29/11/2019 |
| 17/09/2019 | Interim | GBP | 0.005 | 10/10/2019 | 11/10/2019 | 31/10/2019 |
| 05/09/2019 | Interim | GBP | 0.005 | 12/09/2019 | 13/09/2019 | 30/09/2019 |
| 01/08/2019 | Interim | GBP | 0.005 | 08/08/2019 | 09/08/2019 | 30/08/2019 |
| 04/07/2019 | Interim | GBP | 0.005 | 11/07/2019 | 12/07/2019 | 31/07/2019 |
| Top Posts |
|---|
Posted at 26/4/2024 17:56 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. |
Posted at 15/4/2024 07:10 by spectoacc Something had to be up, albeit there's no actual talks. BCPT been doing bizarrely well, but seemingly not well enough to be a REIT survivor. |
Posted at 08/3/2024 14:49 by spectoacc Keep thinking there has to be a bid - but still nothing, and still BCPT drifts up.Not a holder, but was for a long time & this isn't usually how it behaves. |
Posted at 02/2/2024 18:20 by nickrl NAV update this morning down -3.6% tracking the others. Divi still well uncovered but doesn't seem to deter investors here. |
Posted at 12/1/2024 09:01 by nickrl Shame no yield declared or what the intention is for the cash but in short term they can sterilise the RCF and get a few quid on a short term money market account but isn't going to help the divi cover. |
Posted at 12/1/2024 07:58 by vacendak Selling off some offices, not exactly fire sale but at a slight discount.I guess they got to do what they got to do for the "B" in BCPT. |
Posted at 25/10/2023 09:02 by spectoacc Forgot all about the continuation vote - wouldn't fancy being a seller in this market tho.Always been a fan of the differentiation St Chris's brings, but worth noting the office exposure within that has been a drag: "The mixed-use asset at St Christopher's Place, London produced a total return of 0.1 per cent as it continues to recover post Covid. A marginally negative capital performance of -1.5 per cent was driven by the holding's exposure to the office sector, which makes up circa 16 per cent of the asset's capital value." And: "The performance of the Company's office holdings was the main drag on performance, as the sector delivered negative capital growth of -7.5 per cent and a total return of -4.6 per cent." BCPT also said this in September: "The main drag on performance has been the portfolio's exposure to the office sector, particularly select regional office markets and those buildings on shorter leases. Although the Company decided to reduce its office exposure through the sale of Cassini House in 2021, and while our office assets have generally been backed by positive tenant demand, overall sentiment to this sector of the market cannot be ignored. The Manager is therefore reviewing the portfolio weighting and is actively looking to further reduce the Company's office exposure. " Been nothing since, but any decent sales might give them a boost. A struggle to see why BCPT should take my money rather than something else tho - looks decent value near 60p but true of a great many others as well. |
Posted at 24/10/2023 15:39 by giltedge1 Dividend safe after 2024?, has anyone done the maths, assuming paying 7% on loan end of 2024, also cash £50m on balance sheet, so assuming they will use max against loan to offset, would expect say another 3m rent added by end of 2024. HY 2023 (6 Months Figures) cash in 24K, Interest 4K, Dividend 17K, surplus 3K. Assuming Interest doublesto 8K & some extra rent from Westend Estate & recent rent frees end, looks like they can manage?, any thoughts. |
Posted at 05/10/2023 09:06 by vacendak Yep. Not far off.I have just begun to read the latest HY report. Page 3: "Dividend cover on a cash basis* Cash dividend cover for the 6 months ended 30 June 2023 was 117.6 per cent (H1 2022: 97.1 per cent)." So the new 0.44p is affordable, assuming nothing bad has happened since late June. I assume they have indeed something planned for that refinancing exercise. They got caught with their trousers down during COVID and removed the divi altogether after years of selling the company as a great vehicle for constant monthly income, thus appealing to retirees. Having to cut the divi again would just finish off that image. |
Posted at 14/9/2023 15:19 by spectoacc Thanks @nickrl, good point re divi. Usually raised to cover errors elsewhere! Really should be preserving cash with office outlook so uncertain.Do like BCPT, but agree it's currently too opaque. More needs to be made of the fees - on all these REITs. Small in the scheme of fake-y NAV, huge when seen in context of rental income. Heads they win, tails you lose. |
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