CT Property Investors - BREI

CT Property Investors - BREI

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Stock Name Stock Symbol Market Stock Type
CT Property Trust Limited BREI London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 84.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
84.00 84.00
more quote information »

Top Investor Posts

spectoacc: Something can fall 7% pa for ever, in theory :) But agreed - as much on the notion that they think they can see out for 10 years. Haven't seen the note - quote was from: Https://www.thetimes.co.uk/article/landlords-take-1-4bn-hit-on-fears-for-offices-vsb32gdzm "“Recession will likely lead office occupancy and market rental values to decline and property prices to fall apart,” the bank said in a research note." "Cheap money and ultra-low bond yields have allowed investors to outbid one another for property, which for a number of years has been one of the few asset classes that has offered a reasonable return." Could apply the last paragraph to all property, particularly BREI's Industrial. Yet to read SREI's RNS this morning shows how rental growth is catching up with capital values. ie it's not as per that last para - all yield compression - it's demand-led, at least in Industrial where it's structural.. I hope :) Not forgetting the huge discounts.
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.
george stobart: it is likely that this one will merge with its bigger brother in BMO the BCPT REIT and investors in BREI will get destroyed and humiliated
spectoacc: Nearest they get to investor relations is if their brother or sister owns some shares.
gary1966: Sadly no investor relations which isn't great in this day and age.
speedsgh: I suppose it might be worth asking investor relations, if BREI have such?
spectoacc: Aye in fairness, if BREI traded over NAV, a placing to raise funds to buy more property wouldn't be unreasonable. Not sure I'd still be in it at a premium mind. For most of them, the best property deals atm are to buy back their own shares at a thumping discount. FWIW, interesting Times article this morning on some of the Unit Trusts: "Savers must wait for up to two years to get their money back from property funds run by Aegon Asset Management and Aviva Investors, after the pair closed their doors permanently. Aegon said that it would shut the £381 million Aegon Property Income fund, after failing to raise enough cash to satisfy investor withdrawals during a 13-month suspension. The move comes a month after Aviva made the same decision on its £367 million property fund. Both firms said it would take between 12 and 24 months to sell the remaining assets. Aegon said that it would return cash to investors “as quickly as possible, in a fair and orderly manner”. The first payment from Aegon should take place a few days after the closure of the fund as it has about 40 per cent of cash on its balance sheet." Be interesting to see what junk they've got that they can't shift in this hot market, and why it'll take another 12-24 months.
alan pt: I don't normally post, but I do read a lot, so I can see that there are some very experienced investors here who like SREI. That puzzles me a little - like SLI, the collection numbers aren't good (at least compared with BREI, EPIC, SERE) I get that the buybacks generate some short/medium term gain, but I find it disappointing that they spend money on that (and on paying a big loan repayment penalty) rather than investing in properties in a depressed market With SLI I take the point that they seem to be favoured as a long term hold and may return to a premium, but that seems less true with SREI Obviously I'm missing something, but I can't work out what it is? Sorry, maybe this belongs on the SREI chat!
spectoacc: Mildly interesting & relevant to us (particularly the redemption/flow numbers): Https://citywire.co.uk/investment-trust-insider/news/will-property-investors-rush-to-reits-as-fund-rules-tighten/a1488803?ref=investment-trust-insider-latest-news-list
nickrl: Fair set of results and good to see receivables pretty static so no its real cash coming in not being propped up by rent deferrals too much like some others. The latest uplift in the divi is about covered at the cash level so not much more scope to increase it imv although historically these always ran with a well uncovered divi which didn't seem to dissuade investors so who knows. Otherwise very little new from the recent trading update.
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