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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| CT Property Trust Limited | BREI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 84.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 84.00 | 84.00 |
| Top Posts |
|---|
Posted at 30/6/2022 19:29 by spectoacc Not sure I'd use measly - 4.75% at 84p. But agree it's due a tick up, and having paid out 1p/qtr for 4 quarters now, would hope it'll be rising soon.(UKCM pays 0.8p/qtr, or 4.2% on a 75p s/p. BCPT pays 0.4p/month, or 4.3% at 112p s/p. PCTN pays 0.875p/qtr, or 3.9% at 89p s/p. There's higher, like SREI or AEWU, but BREI isn't out of line). On a similar theme, market falls means more choices - eg PSN (gulp) on 12.6%. |
Posted at 30/6/2022 09:36 by hugepants I didn't realise BREI was so low in offices now. Sector weightings as of last trading update are;Offices 21.8 Industrial, logistics and distribution 54.3 Standard Retail 5.7 Retail Warehouse 18.2 It's on a 34% discount to NAV now and 4.7% yield. LTV only 23.5%. |
Posted at 30/6/2022 06:49 by spectoacc Re yesterday's major d/g:"Investors took fright after analysts at Bank of America did an about-turn on their view of the office sector amid a “perfect storm” of factors weighing on the outlook and cut its earnings forecasts for office landlords by 7 per cent a year for the next ten years." Seems a bit extreme - minus 7% pa for a decade - but agree with them that offices are not the place to be. Not quite the new Retail, but not far off. Not a worry for BREI, not that you'd know it from the s/p. |
Posted at 29/6/2022 14:24 by spectoacc Not keen on divis from capital and on this massive discount, surely buybacks far more accretive. But yes, a divi rise would be nice too.If we think BREI's struggling - BLND off 8%, LAND off 6% today, just on a d/g. |
Posted at 27/6/2022 10:34 by spectoacc @gs - no.Note both are changing name. CT Property Trust Ltd for BREI; Balanced Commercial Property Trust Limited for BCPT (don't mention St Chris's). BREI & BCPT my no.1 & no.2. UKCM, SREI, EBOX after that, but I think I'll be all "REIT" with them all. Real assets in an inflationary environment. |
Posted at 08/6/2022 16:23 by spectoacc You wonder where the BREI share price would be without that VIP holding. Hadn't noticed how geared VIP is, and with only a small c.7% discount.BREI crying out for someone to take it on, plus ca change. Be surprised if that was VIP, and they wouldn't get mine at a 10% discount. Recent share price performance suggests nothing's afoot IMO, but if I were PE or a trade buyer, I'd be all over them. |
Posted at 08/6/2022 16:08 by skyship With the share price sliding I'm intrigued as to VIP's plans for their current holding of 14.5m shares (6.024%) bought since end March at an average price of perhaps 93p, perhaps a tad more.There is talk of further rationalisation in our sector, but VIP is half the size of BREI, so it has to be unlikely that they could make a move themselves. Not impossible of course, they could drum up equity and debt support to take a shot at, say, a 10% NAV discount, so c115p. If they lose out to a counter-bidder then to the loser the spoils with a £3.5m+ trading profit on their holding. The well-timed sale of all their other REIT holdings banked a nice profit; whilst providing the cash for their BREI raid. The size of their holding is too large for a marketable trade; so IMO there is more to this than meets the eye. They could be acting as facilitator for a 3rd party; one whose name would have driven the price higher. VIP's name has had no such effect as the Market sees it as an investment decision rather than a bid prelude. I'm not so sure. Whatever is afoot, if anything, BREI at a 29.4% discount has to be a good value buy. |
Posted at 18/5/2022 16:58 by cwa1 Interim DividendThe Company today announces a quarterly interim dividend in respect of the year ending 30 June 2022 at a rate 1.0 pence per share. This dividend will be a property income distribution. The key dates for this interim dividend are as follows: Ex-Dividend Date - 9 June 2022 Record Date - 10 June 2022 Payment Date - 30 June 2022 |
Posted at 12/5/2022 20:58 by nexusltd I don't know.I have always thought OLIM's style passive; not really doing much in the way of asset management initiatives to improve / develop their properties; very unlike BREI. Managing BREI's assets requires a well resourced team. Is Oakeshott up for it? Perhaps the objective is to have a sufficiently large holding to request a seat on BREI's board with a view to managing a reduction of its share price discount to NAV. VIP's is a tad under 10%. |
Posted at 13/4/2022 16:30 by george stobbart VIP + BREI merger inevitable now?Both at deep discount, but will BREI shareholders agree getting paid in discounted VIP stock? VIP impossible to offer cash because it is smaller than BREI so we're talking about a reverse merger and not an ordinary merger |
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