Share Name Share Symbol Market Type Share ISIN Share Description
Uk Commercial Property Reit Limited LSE:UKCM London Ordinary Share GB00B19Z2J52 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 0.27% 75.40 2,368,418 16:35:19
Bid Price Offer Price High Price Low Price Open Price
75.30 75.50 76.00 75.00 76.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 78.23 1.69 0.13 580.0 980
Last Trade Time Trade Type Trade Size Trade Price Currency
17:03:01 O 3,435 75.285 GBX

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Date Time Title Posts
07/10/202018:32Uk Commercial60
24/6/201410:35Property Capitulation-7.5% yield192

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Uk Commercial Property R... Daily Update: Uk Commercial Property Reit Limited is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker UKCM. The last closing price for Uk Commercial Property R... was 75.20p.
Uk Commercial Property Reit Limited has a 4 week average price of 71p and a 12 week average price of 64.30p.
The 1 year high share price is 78.70p while the 1 year low share price is currently 49.75p.
There are currently 1,299,412,465 shares in issue and the average daily traded volume is 1,620,498 shares. The market capitalisation of Uk Commercial Property Reit Limited is £979,756,998.61.
candid investor: At current share price of 70p it has lost 20p per share over the past 3 years but has offset part of it ( 11 pence in dividends ) i.e. a loss of 9p per share even after dividends over a 3 year period...this kind of return can be virtually replicated over 1,3 and 10 other words, unless you managed to get in in April at 50p then you have probably lost money in in the bank over 1 3 5 and 10 years would have had a higher return and risk free too..Has this been a consistently hopeless investment or am I missing something .. incidentally an ongoing management fee of 0.8% plus an extra fee for something else means that the only party to benefit from this reit is the fundmanager...avoid..
nickrl: NAV update today with modest reduction due to large industrial holdings but rental collection on industrial only 86% not as good as SEGRO. Has 20% retail where most of the NAV damage comes from but reasonable rent collection of 70%. Reduced divi maintained and limited scope to move it higher currently and at 2.8% yield theres a lot in the price already which is probably it has little interest on here.
speedsgh: Net Asset Value at 31 December 2019 - HTTPS:// Dividend Declaration - HTTPS://
skyship: UKCM a weak market as it reveals an NAV reduction in Q3’19. At 86.7p the yield is a mere 4.24%, so the share price likely to continue lower: “NAV per share of 90.5p (30 June 2019: 93.2p), resulting in a NAV total return of -1.9% for the quarter with continued low net gearing of 17.0%.”
speedsgh: Net Asset Value at 30 September 2019 - HTTPS:// Net Asset Value NAV per share of 90.5p (30 June 2019: 93.2p), resulting in a NAV total return of -1.9% for the quarter with continued low net gearing of 17.0%*. Like-for-like portfolio capital value decreased by -2.1% with overall capital performance net of capital expenditure investment of -2.2%. This was driven by further valuation pressure in the retail sector and, in particular, the Company’s only shopping centre, which is in Swindon but has now been contracted for sale. This compares to a -0.7% fall in the MSCI IPD monthly index over the period. After the disposal of Manchester in the quarter, the portfolio is now valued at £1,419 million (30 June 2019: £1,459 million). The passing rent at 30 September 2019 was £66.2 million compared to an ERV of £80.2 million demonstrating the reversionary nature of the portfolio. In addition, over the last 12 months, 99% of the Company’s rent roll continues to be collected within 21 days. With close to a 50% exposure, the Company’s current, strategic overweight position to the industrial /logistics sector, with a bias towards urban stock and the south-east, continues to provide a positive contribution to returns and contains the majority of the Company’s reversionary potential. In the office sector, where the Company has a 16.5% exposure with approximately two thirds outside London, capital value has remained resilient whilst tenant leasing enquiries in the relatively small 7% vacancy have picked up over the quarter... Andrew Wilson, Chair of UKCM, commented: “Significant further progress has been made to the Company’s ongoing strategy of reducing its exposure to retail. The sale of two retail assets has further reduced the Company’s weighting to this sector which is already significantly below that of the benchmark. The portfolio also remains highly reversionary as evidenced by the leasing activity undertaken during the period which locked in some of the rental growth that we expect to be a key driver of future income and shareholder returns. I am also delighted that Chris Fry has accepted an invitation to join the Board from January next year. He brings with him a wealth of property expertise and experience which I am sure will be invaluable to the Company in the future.” Will Fulton, Lead Manager of UKCM at Aberdeen Standard Investments, said: “We took the opportunity to capitalise on good investor interest ahead of a potential lease break to sell our High Street retail asset in central Manchester. We were also pleased to make further progress towards reducing our exposure to retail after the period end, when we signed an agreement to sell The Parade in Swindon, our only remaining shopping centre, to an investor with a different return and risk profile. Around half of the portfolio is now weighted towards the industrial and logistics sector of which more than half is of an urban nature – a sub-sector where we continue to see strong interest and rental prospects. Looking ahead, we will continue to assess further opportunities to recycle capital through strategic disposals whilst making investments to grow the portfolio.”
speedsgh: ~ NAV down 1.1% to 93.3p (30/9/18: 94.3p) ~ Seeking to amend investment policy to allow investment in alternative property sectors (healthcare, student housing, hotels, car parks, pubs, petroleum and automotive and the commercially-managed private rental residential sector). Net Asset Value at 31 December 2018 and proposed extension of investment policy - HTTPS://
speedsgh: Half Year Results (20/9) - HTTPS:// Financial Highlights ~ NAV total return of 3.9% – robust return, driven by capital value growth and achieved with limited gearing of 11.9% which is still one of the lowest in the Company’s peer group and in the wider REIT sector. ~ Share price total return of 1.4% which compares favourably to FTSE All-Share REIT Index total return of 1.3%. Since inception the Company’s shares have delivered a total return of 74.9% compared to the REIT Index total return of minus 3.1%. ~ Attractive dividend yield of 4.2% compares favourably to the FTSE All-Share REIT Index yield (3.9%) and the FTSE All-Share Index yield (3.6%) as at 30 June 2018. ~ Uncommitted cash resources of £80m available for investment at period end including £50million available from Company’s revolving credit facility. ~ Overall the Company continues to have a strong balance sheet with considerable financial resources still available for investment. Property Highlights ~ Portfolio value has grown to £1.4billion due to strong capital performance, income accretive acquisitions and successful asset management initiatives. ~ Continued outperformance from the portfolio which generated a total return of 4.7% v IPD benchmark return of 4.0%. Outperformance driven by above benchmark exposure to Industrial sector, asset management and good performance from Office portfolio. ~ Occupancy increased to 93% with half the remaining vacancy in strong locations within the industrial sector, which has good prospects to enhance future income and capital returns and further increase occupancy. Less than 20% of the vacancy is in the retail sector. ~ A total of £4.1 million of annual income was secured through 5 new lettings, after rent free periods and incentives, and eight lease renewals/rent reviews. ~ 99% of rent collected within 21 days underlining strength of tenant base. ~ Portfolio yield of 4.1% with reversionary yield of 5.3% highlighting potential for earnings growth. Commenting on the results, Andrew Wilson, Chairman of UKCP REIT, said: “Our strategy to grow and recycle capital into a diverse commercial portfolio producing sustainable, high quality rental income has continued to yield sound results in what has been another active period for the Company. The successful conversion to a REIT at the start of July is an important milestone for the business, making it one of the larger diversified REITs in the sector. With a high quality portfolio of assets located throughout the UK, a strong balance sheet and the lowest gearing amongst the Company’s peer group, UKCP REIT is well positioned to add value to its property portfolio and enhance returns for its shareholders.” Will Fulton, UKCP REIT Fund Manager added: “Successful property and financial management of the business to grow long term income and create shareholder value has been key to the Company’s continued positive performance during the period. Tenant occupancy across the portfolio remains high and we are confident that through active asset management we can grow income further, including through leasing progress on the small amount of unlet accommodation that remains. In addition to investment disposals, principally in the retail sector, the Company has also been actively pursuing a pipeline of attractive investment opportunities. The acquisition of an office in Reading, and, in August, of an estate near Glasgow, where we further increased our majority weighting towards Industrials, both demonstrate our ability to recycle capital into high quality assets that are well positioned to deliver growing and sustainable income.”
speedsgh: Latest Edison research note... Making steady progress in uncertain times - HTTPS:// UK Commercial Property REIT (UKCM) achieved a 10.6% NAV total return over the year to the end of June 2018, but its share price has lagged its steadily rising NAV and its discount has widened to 5.2%, among the widest in its UK direct property peer group. In July 2018, UKCM became a UK REIT to mitigate the risk of significant potential tax charges falling due from 2020 and agreed a reduced management fee, effective January 2019. UKCM is significantly overweight in the industrial sector, which is expected to continue to lead market performance, while exposure to the weaker retail sector has been reduced. The manager sees considerable scope for near- and medium-term earnings improvement from the portfolio’s reversionary potential, which implies c 26% upside to rental income if market rates are achieved across all property assets...
speedsgh: Conversion to a UK REIT has been approved at today's EGM. Conversion likely to take place on 1/7/18. Company name will change to UK Commercial Property REIT Limited... RESULTS OF EXTRAORDINARY GENERAL MEETING - HTTPS:// At the Extraordinary General Meeting of the Company held earlier today the following special resolution in relation the Company's entry into the REIT regime was passed. THAT, with effect from the Company entering into the UK REIT regime (expected to be effective on 1 July 2018 or as soon thereafter) pursuant to the terms of the notice given to HM Revenue & Customs in accordance with Part 12 of the Corporation Tax Act 2010: (i) the articles of incorporation produced to the meeting and initialled by the Chairman of the meeting for the purposes of identification containing amendments required for the purposes of the Company's entry into the REIT regime be adopted as the articles of incorporation in substitution for and to the exclusion of all existing articles of incorporation; and (ii) the name of the Company be changed to UK Commercial Property REIT Limited.
speedsgh: Acquisition - HTTPS:// UK Commercial Property Trust Limited ("UKCPT" or the "Company") (FTSE 250, LSE: UKCM), which is advised by Standard Life Investments and owns a diversified portfolio of high quality income-producing UK commercial property, announces that it has made its first acquisition in the hotel sub-sector having contracted to forward fund the development of a 265 bedroom four-star Maldron Hotel in Newcastle city centre for £32 million, net of finance. The development, which includes an ancillary retail unit, has been pre-let on a long lease to the Dalata Hotel Group Plc ("Dalata") and is expected to deliver a yield on cost of 5.4%. The deal is structured through an initial upfront payment and interim funding which attracts finance interest at 5% during the construction period, followed by a balancing payment on completion. Dalata, Ireland's largest hotel operator and an attractive tenant covenant, has agreed a 35 year lease with five yearly, annually compounded, RPI-linked upward only rent reviews with a cap and collar of 0.5% to 3.5% and no break options. The hotel, Dalata's ninth in the UK, will operate under its flagship Maldron brand and is due to complete in the first quarter of 2019, generating an initial passing rent of £1,590,000 per annum. The total scheme, including the retail unit, is expected to generate an initial passing rent of £1,740,000. As a result of this acquisition, the proportion of RPI-linked and long-dated income in UKCPT's portfolio will increase from 13.3% to 15.2% of income. In addition to this, the portfolio's Weighted Average Lease Length will extend to 8.7 years, up from 8.3 years. The hotel, which will also include a conference centre, business meeting rooms and restaurant space, is strategically positioned in the heart of Newcastle city centre. It is located opposite the popular Eldon Square shopping centre and five minutes' walk from the central train station and forms part of a mixed use scheme being developed by McAleer & Rushe. UKCPT also announces that it has disposed of one of its smallest assets, a 25,802 sq ft office in Aberdeen for £6.5 million, representing a premium to book value. Will Fulton, Fund Manager at Standard Life Investments, said: "These transactions demonstrate our continued efforts to increase the portfolio's exposure to high quality assets with the potential for income and capital growth. As one strand of this strategy we have been assessing opportunities in the alternative sectors as a means to enhance longer-term income and dividend cover. Dalata and its flagship Maldron brand are an exciting, well managed, high quality, competitive hotelier with good Board level experience of operating in the UK hotel market. Its business plan is strong and I believe this hotel will compete well in the Newcastle market - home to leading universities and a thriving business community - whilst providing a high quality long and increasing income stream at an attractive yield on cost."
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