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Strength the keyword for F&C Commercial Property Trust

Tue, 05th Apr 2016 08:05

(ShareCast News) - F&C Commercial Property Trust was holding steady in 2015, it reported on Tuesday, as it prepared the business for a change in the cycle from capital returns to income returns.The FTSE 250 firm saw net asset value total return of 15.9% during the year, and share price total return of 2.8%. Its portfolio total return was 14.3%, compared with a total return of 13.3% from the IPD benchmark.F&C's board maintained its dividend at 6p per ordinary share, providing a yield of 4.5% based on the year-end share price.Its dividend cover was increased to 80.6% from 50.5%, with net income increasing by £15.4m during the year."2015 was a positive year for the company as it continued to build on its strong long-term record," said chairman Chris Russell."With a new ten year loan at a significantly lower interest rate in place and the next continuation vote aligned to the maturity of that loan, the focus for the year was driving income and value creating asset management rather than any further corporate change," he added.F&C's share price at year-end of 134.4p represented a 0.6% discount to the net asset value per share of 135.2p.Russell said performance in the year was driven by capital growth in the portfolio of 9.2%, with the strongest returns experienced in the logistics and industrials sector in the South East."The UK commercial property market is continuing to deliver good performance but there are signs that investment momentum may be easing," he explained."There are concerns about pricing, particularly in London, and the market is entering a phase of the cycle where yield compression and the rate of rental growth are both expected to level off."Russell said there was a general consensus that returns would now revert to being more income-drive, following three years of strong capital performance, with rental growth expected to be positive at the all-property level over the next few years.

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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

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

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

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

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

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.

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

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

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

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

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,

23 Dec 2016 09:01

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

13 Dec 2016 17:17

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11 Jul 2016 15:08

UK Dividends Calendar - Next 7 Days

21 Jun 2016 14:21

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