We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CTPT Ct Property Trust Limited

0.00 (0.0%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ct Property Trust Limited LSE:CTPT London Ordinary Share GB00B012T521 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 82.90 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 82.90 GBX

Ct Property (CTPT) Latest News

Ct Property (CTPT) Discussions and Chat

Ct Property Forums and Chat

Date Time Title Posts
19/7/202306:56Diversified Propco at high NAV discount342

Add a New Thread

Ct Property (CTPT) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Ct Property (CTPT) Top Chat Posts

Top Posts
Posted at 25/5/2023 08:26 by riverman77
Yes it's below NAV but realistically share prices are not going back to NAV for the foreseeable future, so if I held I would have gladly taken yesterday's 20% rise and sold out. Wouldn't want to hold as LMP shares look expensive and has to be a risk they derate from here.
Posted at 25/5/2023 07:32 by spectoacc
Any press on CTPT bid? Still seems very low-ball to attract a management recommendation. This is recent NAV:

31/12/21 - 121p
31/03/22 - 128p
30/06/22 - 132.8p
30/09/22 - 122p
31/12/22 - 95.4p
31/03/23 - 96.6p

Perhaps ignore the boom & crash, & the fact NAVs are now likely to slide again with another uptick in interest rate expectations yesterday. Consider instead that when this bid was agreed, CTPT's NAV had not only stabilised but was back on the up.

And that LMP save c.5.5% in stamp duty by buying the shares not the holdings.

And that it's not in cash.

85.5p (pre LMP fall) isn't generous IMO.
Posted at 24/5/2023 13:02 by eyesofblue
Not sure what to expect from this point really. Adds another reason for volatility to the CTPT share price (ie the LMP share price). So sold out at 80p, to save all the hassle of following the LMP share price and worrying about it. £1k up in the end, big relief all round. Anyone else thinking of selling and missing the June dividend?
Posted at 24/5/2023 10:40 by hindsight
Very pleasing news 15% up here now. Sort of vindicates why UKCM worries me ie think bid be hard
Accept its a poor bid for where shareprice has been but its all relative for me, ie rolled some csh into soho and ctpt will be api, etc
Posted at 24/5/2023 08:47 by nickrl
@starpukka CTPT are one of the few that have a wel covered divi at the cash level. For me we are being sold out at this price but doubt anyone else will come into play.
Posted at 24/5/2023 07:32 by spectoacc
It is, but it's picking up assets on the cheap with its own over-rated shares. Guess those assets seen as even lower quality than the discount to NAV they're paying.

CSH agreed a bid way below NAV, CTPT have now agreed one not only well below reduced NAV, but hugely below the 132.8p of the past 12 months. The past is a foreign country but if a buyer wanting management approval isn't willing to pay NAV, then NAV (as often said!) isn't the way to assess value.

Flipside is a nice +20% on CTPT this morning, but eg still trading well below what I paid for my small holding. To get the CSH/CTPT uplift, you need both a bidder and to have bought lowly enough.

Or put another way - look at the 2 year charts of both CSH & CTPT & tell me the takeovers are a result for shareholders.
Posted at 24/5/2023 07:16 by riverman77
It's not a cash offer though so wouldn't expect it to get to 85p. LMP share price down this morning too.
Posted at 24/5/2023 06:21 by neilyb675




to be effected by means of a Court-sanctioned scheme of arrangement

under Part VIII of the Companies Law of Guernsey


-- The boards of directors of LondonMetric and CTPT are pleased to announce that they have reached agreement on the terms of a recommended all-share offer pursuant to which LondonMetric will acquire the entire issued and to be issued share capital of CTPT (the "Acquisition").

-- Under the terms of the Acquisition, CTPT Shareholders will be entitled to receive:
for each CTPT Share: 0.455 New LondonMetric Shares
-- On the basis of the Closing Price per LondonMetric Share of 188.0 pence on 23 May 2023 (the "Latest Practicable Date"), the Acquisition values each CTPT Share at 85.5 pence and the entire issued and to be issued ordinary share capital of CTPT at approximately GBP198.6 million.

-- The Acquisition represents:
o a premium of approximately 34.3 per cent. to the Closing Price per CTPT Share of 63.7 pence on the Latest Practicable Date;

o a premium of approximately 33.2 per cent. to the three-month volume weighted average price per CTPT Share of 64.2 pence (being the volume weighted average Closing Price for the three-month period ended on the Latest Practicable Date); and

o on a NTA-for-NTA basis, a discount of approximately 6.3 per cent. to CTPT's last reported EPRA NTA per CTPT Share of 96.6 pence as at 31 March 2023 based on LondonMetric's last reported EPRA NTA per LondonMetric Share of 198.9 pence as at 31 March 2023.

-- Following completion of the Acquisition, existing LondonMetric Shareholders will hold approximately 90.3 per cent. and CTPT Shareholders will hold approximately 9.7 per cent. of the enlarged issued share capital of LondonMetric.

-- It is intended that the Acquisition will be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Law of Guernsey (the "Scheme").
Posted at 19/5/2023 14:41 by hugepants
Hmm. I hold about equal amounts of CTPT and API. CTPT is on a 6.4% yield and a 35% discount but could possibly increase the dividend by 10% and still be covered. API would have to reduce theirs by 10%+ to be covered. CTPT has a lower LTV and a much more attractive debt profile. I also prefer their portfolio slightly. It has less offices and more retail warehouses. Swings and roundabouts maybe but I don't necessarily regard API as better value.
Posted at 26/4/2023 06:19 by speedsgh
Trading Update and Net Asset Value -


~ 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’ real estate. This is reflected in the capital return of our industrial and retail warehouses (representing 77.9% by value of the portfolio), which were +0.8% and +2.5% respectively. We also saw a small rebound of +0.7% in our high street assets, a sector that has been largely repriced in recent years and offers an attractive income return for the portfolio. As always, the markets remain nuanced. Prime offices, of high quality, strong amenity and ESG credentials have seen some value stabilisation, but we expect values for offices of a quality below the best-in-class to remain under pressure owing to the ongoing uncertainties and structural risk repricing for this property segment. Our offices saw capital loss of -1.6% over the period.

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.
Ct Property share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |