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BREI CT Property Trust Limited

84.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
CT Property Trust Limited LSE:BREI London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 84.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
84.00 84.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 84.00 GBP

CT Property (BREI) Latest News

CT Property (BREI) Discussions and Chat

CT Property Forums and Chat

Date Time Title Posts
04/7/202222:33REIT. 6% Yield . 20% discount to NAV683

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CT Property (BREI) Most Recent Trades

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CT Property (BREI) Top Chat Posts

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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 29/6/2022 12:25 by spectoacc
Agreed, other than EBOX it's the most unloved on my list. Interesting to see the effect of buybacks on eg API's price chart, something perhaps BREI could learn from.
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 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 19/4/2022 08:37 by killing_time
So the question is with Matthew Howard coming across from BCPT as lead manager do you think he will start a share buy back hear to reduce the NAV gap with the share price which they have been running at BCPT.
Posted at 19/4/2022 07:22 by spectoacc
"...We continue to believe the Company's share price is
not reflective of Company's value and quality of portfolio. The Board are
addressing the fact that the shareholder returns do not match the performance
of the portfolio."


They are?
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
CT Property share price data is direct from the London Stock Exchange

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