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F&C Commercial Prop expects muted occupier demand

Wed, 19th May 2010 18:15

Property investor F&C Commercial Property Trustdelivered total returns of 6.0% in the first quarter of 2010, "a strong out-turn but lower than the record 10% seen in the previous quarter," the company said.Net asset value per share, calculated under International Financial Reporting Standards (IFRS), stood at 92.1p at the end of March, up 6.4% from 86.6p at the end of 2009.Gearing eased to 26.8% at the end of the quarter from 28.0% at the end of the year, while net gearing declined to 17.1% from 18.5%.Capital values rose by 4.3% over the period, with offices proving the star performers, with a total return of 6.6%. Retail saw total returns of 6.3%. Total returns for industrials were 4.2%."The occupational market remains fragile with rental values still falling at the all-property level," the company said, though it noted that the pace of decline has eased while rental growth for offices in both the City and West End turned positive during the reporting period. "There are signs that incentives, although still substantial, are stabilising and void rates, whilst remaining in double digits, have moved lower. However, there is still pressure on the income stream and with the economy projected to see modest rates of GDP growth on consensus estimates and fiscal policy set to tighten, occupier demand is expected to remain muted, cost sensitive and lease related - dampening the scope for rental growth," the company added.
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3 Jun 2019 13:37

BMO Commercial Property Trust Appoints UDG Non-Executive To Board

LONDON (Alliance News) - BMO Commercial Property Trust Ltd on Monday said it appointed Linda Wilding as an independent non-executive director of the company with immediate effect.Wilding is

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31 May 2019 12:22

F&C Commercial Property To Change Name To BMO Commercial Property

LONDON (Alliance News) - F&C Commercial Property Trust Ltd on Friday said it will change its name to BMO Commercial Property Trust Ltd with effect from Monday next week.The change of by

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20 May 2019 14:32

DIRECTOR DEALINGS: F&C Commercial Property Non-Executive Buys Shares

LONDON (Alliance News) - F&C Commercial Property Trust Ltd on Monday said that Non-Executive Director John Wythe and his wife Wendy Wythe bought shares in the company.On Friday, John at

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24 Apr 2019 14:28

F&C Commercial Property Trust Net Asset Value Falls Slightly In 2018

LONDON (Alliance News) - F&C Commercial Property Trust Ltd on Wednesday said it underperformed its benchmark in 2018 following a decline in net asset value.The investment company a net

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8 Mar 2019 12:08

F&C Commercial Property Trust Declares 0.5P Per Share Monthly Dividend

LONDON (Alliance News) - F&C Commercial Property Trust Ltd on Friday declared a monthly interim dividend payment of 0.5 pence per share.The dividend was declared in respect of 2018 and

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13 Feb 2019 14:44

FTSE 250 movers: Galliford Try builds, Just Eat cools off

(Sharecast News) - London's FTSE 250 climbed 0.85% to 18,984.09 on Wednesday, with Galliford Try surging as it reported a 4% increase in first-half pre-exceptional pre-tax profit and said full-year turnout is expected at the upper end of analysts' current range.

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5 Feb 2019 14:30

F&C Commercial Property Trust Declares Monthly Dividend Of 0.5 Pence

LONDON (Alliance News) - F&C Commercial Property Trust Ltd on Tuesday declared a monthly interim dividend of 0.5 pence per share in respect of 2018.The dividend will be paid on February

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4 Feb 2019 14:27

F&C Commercial Property Trust Net Asset Value Falls In Fourth Quarter

LONDON (Alliance News) - F&C Commercial Property Trust Ltd on Monday said its net asset value declined slightly in the final quarter of 2018.The investment company reported NAV per at a

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31 Oct 2018 13:21

Alcentra European Floating Rate Hires F&C Commercial Property Director

LONDON (Alliance News) - Alcentra European Floating Rate Income Fund Ltd said Wednesday it appointed Trudi Clark as non-executive director with effect from November.Trudi Clark is currently

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14 Sep 2018 12:26

DIRECTOR DEALINGS: F&C Commercial Property Non-Executive Buys Shares

LONDON (Alliance News) - F&C Commercial Property Trust Ltd said Friday that Non-Executive Director Paul Marcuse bought GBP42,844 worth of shares.Marcuse acquired 29,753 shares at 144.20

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12 Sep 2018 12:45

F&C Commercial Behind Benchmark In 1st Half, Hires Non-Exec Director

LONDON (Alliance News) - F&C Commercial Property Trust Ltd on Wednesday said it underperformed against its benchmark, despite a rise in net asset value per share in the first half of addition,

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23 Dec 2016 09:01

F&C Commercial Property Sells Soho Office For GBP54.4 Million

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13 Dec 2016 17:17

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11 Jul 2016 15:08

UK Dividends Calendar - Next 7 Days

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21 Jun 2016 14:21

F&C Commercial Extends Loan Repayment Date, Agrees New Facility

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