We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ct Property Trust Limited | CTPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 82.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.90 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 26/4/2023 07:19 by speedsgh Trading Update and Net Asset Value - Headlines ~ Net Asset Value (“NAV”) per share of 96.6 pence and NAV total return of +2.4% for the quarter ended 31 March 2023. ~ Share Price total return of -5.2% for the quarter ended 31 March 2023 (64.0 pence per share). ~ £90 million term loan at a fixed rate of 3.36% until November 2026. Cash reserves of £30.8 million and access to a rolling credit facility of £20 million which is currently undrawn. ~ Quarterly dividend maintained at 1.0p per share, paid on 31 March 2023. ~ As of 31 March 2023, the portfolio occupancy rate was 97.0% by estimated rental value (“ERV”). ~ Portfolio valuation movement of +0.8% over the quarter, supported by increase in values of industrial and retail warehousing portfolios. ... Matthew Howard, Fund Manager, CT Property Trust, commented: Following the rapid repricing of real estate in the second half of 2022, the early part of 2023 has shown a stabilisation in yields for some property sub sectors. Industrial/logistics property and retail warehousing in particular is attracting renewed investor interest. There were early signs in December that the market was emerging from a period of ‘pricing discovery’ with an uptick in investment activity following the relative market paralysis between September to November. These cautious steps have continued into Q1 with investment activity gathering pace as we head into the spring. Increasing confidence in real estate pricing has been supported by the stability in 10-year UK government bonds, which over the past 5 months have trended around the 3.5% level (having peaked at 4.6% in September) meaning the pricing margin to UK real estate is closer to the generally accepted long term risk premia. As such, yields for resilient assets and sectors have seen some marginal appreciation since the start of the year suggesting that the worst is behind us for ‘relevant&rsqu The MSCI monthly data indicates that All-Property capital values moved -1.2% at a market level for Q1 2023. This may reflect a degree of overhang from Q4, with March showing positive capital movements on a monthly basis for the first time since June 2022. The quarterly data, which reflects a larger pool of funds, will be released in a few weeks. In context of the recent economic backdrop, we have spoken much of the continued positive news within the occupational markets. At a market level, we saw rental growth within the logistics market in excess of 10% over 2022, with vacancy rates remaining at near record lows nationally. Trading within retail warehouses now exceeds that of pre-pandemic levels and, as a format, is attractive to retailers as part of omni channel sales strategies, a trend which has caused a headache for shopping centres and high street assets. Our investment strategy to focus on resilient locations, smaller assets and active management will be key to our performance as markets continue to adopt a cautious view of the year ahead. Occupiers, although proving resilient, are still navigating inflationary pressures and the full effects of consumer credit squeeze are perhaps yet to be completely felt. Against this backdrop, we remain confident in our conviction position to industrial and retail warehousing and the prospects for portfolio income and capital growth in the near term. |
Posted at 23/1/2023 23:33 by nexusltd @dip6666. In my view CTPT offersStrengths: FCF covered divi c.115%, Low LV <20%, Lowish borrowing costs 3.4% with weighted loan term of c. 3.5yrs. Available cash 52mn c. 15% of gross asset value. BUT weaknesses: EPRA net Initial yield of 3.8% is low compared with SREI and API. The plan to address this is to sell the lower yielding estate in the SE and buy higher yield props. The new manager says he has successfully done this b4 on another REIT. I'm concerned that in current market conditions the yield gap between the two is narrowing, and not much property is moving. Investors have higher yield options and generally look for REIT yield = 10 yr gilt + 3/4%. Unless rental income leaps, or the manager's plan comes to fruition allowing divi to be increased the share price is likely to remain depressed. EPC rating regulations will be extended from April 2023, to cover all existing tenancies for a minimum of EPC: E. A stricter EPC: C or above rating will apply in 2025 to all rental properties, new tenancies first, followed by all tenancies from 2028. Five of the 35 assets (14%) have an EPC rating of F or G. I don't know what the gross rental income is on these, nor do I have a handle on upgrade costs to EPC "E". |
Posted at 30/10/2022 19:01 by 1917again Having to bit my tongue a bit with non investors. Houses still get good bids and sales appear to be going through. Even have an estate agent who says its a cooling but still sellers market in one breath and then the next says some mortgage providers are stress testing applications to 10% rates |
Posted at 30/10/2022 16:14 by giltedge1 Hello Specto 10 Year Gilts are now below 3.5%, does this change your analysis? Assuming margin of say 2&, 5.6% is about right?. Also I was looking at buying Gilts & difficult for retail client, commissions buy/sells etc, compared with buying REIT very easy & quarterly dividends. So as long as tenants hold up (Credit Risk), I think at this gilt rate, investors will start returning next year. |
Posted at 23/9/2022 13:48 by nickrl Investor Meet presentation 45mins of my life wasted whilst we had a meet the new mgr and his view on the fund recycling what we already new. Anyhow redeemed himself in questions as he answered my one with real info rather than duck it most other mgrs would have done. Didn't give anything away on share buybacks - should be loading up given recent share price drop. Blaming discount on the fact fund mgr has changed and the wealth mgrs didn't want to spk to Lowe as he was off but they will upping the marketing of the fund.Interesting question from the marketing lady was "we would like to know what the views of investors are on uncovered dividends" |
Posted at 14/9/2022 07:15 by cwa1 CT PROPERTY TRUST LIMITED is pleased to announce that Matthew Howard, Fund Manager, will provide a live presentation as an Investor Update via the Investor Meet Company platform on 23rd September 2022 at 11:30am BST.The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet CT PROPERTY TRUST LIMITED via: Investors who already follow CT PROPERTY TRUST LIMITED on the Investor Meet Company platform will automatically be invited. |
Posted at 12/7/2022 15:04 by nickrl specto arghh thanks for so they are prepared to let go at a loss. Guess they don't want there own NAV impacted perhaps. I also see they did a modest share buyback yesterday.As an aside just watched the BCPT investor meet presentation by a rather dull manager compared to Lowe. He was saying market has softened and reckons the hot money has come off the table for industrials and thats a good thing as they might be able to pick up something at a sensible price. |
Posted at 11/7/2022 22:32 by nexusltd @ strathroyal. There have been many REIT takeover & mergers over the years. Indeed several in the last six months. ASAIK all the targets have acquiesced; no stiff defences.PE investors work with their many investee companies to enhance value; making long term future funding commitments to support growth. I doubt that takeovers or mergers between PE's are practicable, though many occur at the investee level to bulk up the proposition. |
Posted at 11/7/2022 22:01 by strathroyal nickrl/skyship - Generally, companies whose share prices are unfathomably low and who appear stable from a balance sheet perspective, would attract the attention of a predator. I've only held REITs and PEs over the last 2/3 years, so can I ask yourselves and the other more experienced investors in these fields, has there ever been an aggressive takeover of one of these? |
Posted at 10/7/2022 09:11 by skyship Strath - thnx for that. Certainly is ours - that's our trophy asset in Mayfair.Dec'21 valuation of £27.75m - 7.2% of £385.8m. So, we're looking for a premium of £3m over that valuation; and could well secure more as one can imagine considerable interest, especially from Middle-East investors. £30m+ would provide good firepower for some serious buybacks. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
