UK Commercial Property REIT : UKCM

Research History

• 25 Feb 2021 3 min read

  QuotedData’s Round the World Webinar series – UK day playback

  On 24th February 2021, QuotedData hosted the final Round the World webinar from our series. This webinar was focused on the UK and included presentations and Q&As from 4 investment companies’ managers, covering markets across the UK. We would like to thank all of our speakers and attendees for joining us. Click on the links below […]

• 14 Jan 2021 12 min read

  QuotedData’s Real Estate Roundup – January 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]

• 16 Oct 2020 11 min read

  QuotedData’s Real Estate Quarterly Review – Q3 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]

• 09 Oct 2020 14 min read

  QuotedData’s Real Estate Roundup – October 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]

• 10 Sep 2020 12 min read

  QuotedData’s Real Estate Roundup – September 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]

• 13 Aug 2020 12 min read

  QuotedData’s Real Estate Monthly Roundup – August 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]

• 10 Aug 2020 10 min read

  QuotedData’s Investment Companies Roundup – August 2020

  Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments  Table of contents  New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list  New research Here is a list of research we published over July: Seneca Global Income & Growth – […]

• 16 Jul 2020 10 min read

  QuotedData’s Real Estate Quarterly Review – Q2 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments  A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]

• 15 Jul 2020 2 min read

  QuotedData’s Property Summer Conference – week 2

  COVID-19 is creating havoc in some parts of the property sector but others are thriving. On Wednesday 15th July we held the second of our summer property webinars where the managers of Tritax Eurobox, Ground Rents Income Fund, BMO Real Estate Investment Trust, Civitas Social Housing and UK Commercial Property REIT gave presentations on their fund, […]

• 14 Jul 2020 13 min read

  QuotedData’s Investment Companies Quarterly Review – Second Quarter 2020

  Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments  Table of contents  In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit  When the going gets […]

• 07 Feb 2020 12 min read

  QuotedData’s Real Estate Roundup – February 2020

  Real Estate Roundup  Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]

• 02 Oct 2019 15 min read

  QuotedData’s Real Estate Roundup – October 2019

  Real Estate Roundup  Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]

• 08 May 2019 6 min read

  QuotedData’s economic roundup – May 2019

  Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]

• 16 Oct 2018 2 min read

  Quarterly Investment Companies Roundup – Third Quarter 2018

  Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018.  This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]

• 14 Sep 2018 1 min read

  QuotedData’s investment companies roundup – September 2018

  QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]

• 11 May 2018 1 min read

  QuotedData’s investment companies roundup – May 2018

  QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]

• 18 Apr 2018 2 min read

  QuotedData’s Economic round up – April 2018

  QuotedData’s economic round up – April 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 07 Feb 2018 2 min read

  QuotedData investment companies roundup – February 2018

  QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]

• 10 Nov 2017 2 min read

  QuotedData investment companies roundup – November 2017

  QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]

• 12 Oct 2017 2 min read

  QuotedData’s economic round up – October 2017

  QuotedData’s economic round up – October 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]

• 16 May 2017 1 min read

  QuotedData’s economic round up – May 2017

  QuotedData’s economic round up – May 2017 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 15 Mar 2017 1 min read

  QuotedData investment companies roundup – March 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup

• 27 Oct 2016 1 min read

  Quarterly investment companies roundup – Third quarter 2016

  Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup

News

• 04 Feb 2021 2 min read

  UK Commercial Property REIT posts 3.2% NAV rise

  UK Commercial Property REIT has posted a 3.2% increase in net asset value (NAV) in the quarter to the end of December 2020. The group, which owns a diverse portfolio of property weighted to the industrial sector, saw the value of its portfolio rise 2.9% on a like-for-like basis in the period to £1.21bn. Together […]

• 15 Jan 2021 2 min read

  QD view – Don’t discount the property generalists

  A host of rent collection figures for the first quarter of 2021 have been announced by property companies and, once again, it is the logistics-focused companies leading the way. It is not that surprising given the well-documented rise in online retailing and the positive impact on demand for logistics space, but it does underline the strength of […]

• 22 Dec 2020 2 min read

  UK Commercial Property buys Asda in Torquay

  UK Commercial Property buys Asda in Torquay – UK Commercial Property REIT has completed the acquisition of an ASDA supermarket in Torquay, Devon, from Aviva Investors for £16.6m, representing a net initial yield of 4.70%, rising to 5.24% in July 2021. The 33,000 sq ft supermarket in Torquay is fully let to ASDA on a long […]

• 24 Sep 2020 2 min read

  UK Commercial Property REIT posts 6.6% fall in NAV

  UK Commercial Property REIT (UKCM) has reported a 6.6% fall in net asset value for the six months to the end of June 2020. The company’s NAV has been hit by a drop in the value of its property portfolio during the COVID-19 pandemic, which fell 11.6% to £1.22bn in the period. NAV per share […]

• 10 Sep 2020 3 min read

  QuotedData’s morning briefing 10 September 2020

  In QuotedData’s morning briefing 10 September 2020: Capital & Counties has sold a block of property, that it has dubbed “the Wellington block”, for £76.5m. The block comprises 25-31 Wellington Street, 23 Wellington Street, 15 Exeter Street, 12 & 14 Burleigh Street and Burleigh House, currently providing approximately 66,000 square feet of lettable space. The buyer […]

• 09 Sep 2020 1 min read

  UK Commercial Property REIT lets huge warehouse

  UK Commercial Property REIT (UKCM) has fully let its 377,070 sq ft XDOCK377 logistics unit at Magna Park in Lutterworth to Armstrong Logistics, a pan-European distribution company. Armstrong Logistics has signed a 15.5-year lease with open market rent reviews at £6.50 per sq ft, in line with estimated rental value (ERV), which will add a […]

• 06 Aug 2020 3 min read

  QuotedData’s morning briefing 6 August 2020

  In QuotedData’s morning briefing 6 August 2020: VinaCapital Vietnam Opportunity has completed its sale of its stake in International Dairy Products. The fund shares $45.4m with its co-investment partner Daiwa PI Partners. All in, this deal added 14 cents to the NAV but this is already in the NAV (has been reflected there since 10 July). […]

• 06 May 2020 2 min read

  UK Commercial Property REIT posts 3.9% fall in NAV

  UK Commercial Property REIT has reported a 3.9% fall in net asset value (NAV) for the quarter to the end of March. NAV per share at the group, which owns a diverse portfolio of UK real estate, was 86.3p at 31 March 2020, compared to 89.8p at the end of December 2019. The fall was […]

• 27 Apr 2020 3 min read

  UK Commercial Property REIT commits to a reduced dividend

  UK Commercial Property REIT (UKCM) has committed to paying a quarterly dividend at a reduced rate of 50%. The company, which owns a diverse portfolio of 40 commercial properties in the UK, said it has put future dividends under review. It said: “The board has taken the decision to maintain a quarterly dividend, due in […]

• 19 Sep 2019 1 min read

  UK Commercial Property REIT outperforms benchmark

  UK Commercial Property REIT reported a net asset value total return of 1.9% for the first six months of the year. The company, which is managed and advised by Aberdeen Standard Investments, saw a increase in EPRA earnings per share of 19% to 1.7p compared with the same period last year. It put the rise down […]

• 26 Apr 2019 2 min read

  QuotedData’s other news 26 April 2019

  Gresham House Energy Storage has announced that it believes it will be fully invested by the end of the year. It is seeking to issue up to 75m new shares via a placing. Cantor Fitzgerald are running this, the closing date is 3pm on 24 May, the price is 101p – a premium to NAV […]

• 27 Dec 2018 2 min read

  UK Commercial Property buys warehouse portfolio

  UK Commercial Property buys warehouse portfolio – UK Commercial Property REIT has bought a portfolio of five distribution warehouses in locations across the Midlands from Clipstone Logistics REIT for a headline price of GBP85.4million, reflecting a headline net initial yield of 5.5%.  The acquisition has been funded from existing cash resources. The portfolio totals 909,030 sq […]

• 24 Oct 2018 1 min read

  UK Commercial Property sells Barclays Bank in Exeter

  UK Commercial Property sells Barclays Bank in Exeter – UK Commercial Property REIT Limited has sold a retail asset, 16-20 High Street, in Exeter, to a UK pension fund for £23.5m. The price is in line with book value and reflects a net initial yield of 4.75%. The sale follows the completion of the REIT’s asset management […]

• 08 Oct 2018 1 min read

  UK Commercial Property REIT sells Soho office

  UK Commercial Property REIT sells Soho office – UK Commercial Property REIT Limited has completed the off-market sale of 15 Great Marlborough Street, an office asset in London’s Soho, to Royal London Asset Management for GBP73.2 million, ahead of the last valuation as at 30 June 2018. The 49,094 sq ft freehold office building, which is arranged […]

• 02 Aug 2018 2 min read

  UK Commercial Property cuts management fee

  UK Commercial Property cuts management fee – The trust has released a NAV as at 30 June 2018 and published one of its regular quarterly updates. Following shareholder approval the company converted to a REIT on 1 July 2018 and changed its name to UK Commercial Property REIT Limited. The purpose of this was to mitigate […]

• 24 Jan 2018 1 min read

  UK Commercial Property sells shopping centres to Shropshire Council

  UK Commercial Property sells shopping centres to Shropshire Council – UK Commercial Property Trust Limited has completed the sale of its three retail centres in Shrewsbury town centre to Shropshire Council for approximately GBP51 million, representing a small premium to book value. The three assets comprise the Charles Darwin, Pride Hill and Riverside shopping centres […]

• 15 Jun 2017 4 min read

  UK Commercial buys Sheffield office from Ediston

  UK Commercial buys Sheffield office from Ediston – UK Commercial Property Trust has acquired a single let, Grade A office building in Sheffield, from Ediston Property Investment Company for GBP20,165,000, reflecting a net initial yield of 5%. The asset is let to Capita Business Services Limited, which is part of Capita plc, on a lease with […]

• 20 Apr 2017 5 min read

  UK Commercial Property Trust has a ‘positive and progressive year’

  UK Commercial Property Trust (UKCM) has announced its final results for the year ended 31 December 2016. During the year, which the Trust’s chairman, Andrew Wilson, describes as, “a positive and progressive year” for the trust, UKCM provided an NAV total return of 3.8% and a share price total return of 3.8%. UKCM says that […]

• 15 Feb 2017 2 min read

  UK Commercial Property buys Burton-on-Trent distribution warehouse

  UK Commercial Property has completed the forward purchase of a pre-let 258,370 sq ft distribution warehouse development in Burton upon Trent for a total consideration of circa GBP22.2 million, reflecting a yield on capital of 5.8%. The transaction is in line with UKCPT’s strategy to focus its portfolio on assets that deliver a higher and […]

• 15 Nov 2016 1 min read

  UIL, Industrial Multi Property Third Quarter Winners – QuotedData

  LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]

• 18 Oct 2016 1 min read

  UK Commercial Property triggers continuation vote

  UK Commercial Property Trust faces a continuation vote as it has been trading on too wide a discount. Continuation votes triggered by the fund’s discount trading at wider than 5% for 90 days were built into the structure of the fund. The vote was triggered on 11 October 2016 and the meeting will be held […]

• 19 Aug 2016 1 min read

  Property exposure through closed-ended funds

  Advisers could consider using investment trusts for their clients’ property exposure. read more here

• 18 Aug 2016 4 min read

  UK Commercial Property flat in H1

  UK Commercial Property reports that its NAV per share at the end of the period was 86.5p, just 0.2p lower than the level at 31 December 2015 resulting in a NAV total return of 1.9% for the six month period to 30 June 2016. On an EPRA basis, adjusting for the effect of their interest rate swap transaction, […]

• 28 Jun 2016 2 min read

  UK Commercial Property announces two disposals

  UK Commercial Property Trust Limited has announced that on 24 June 2016 it completed the sale of Dolphin House, an office in Sunbury-on-Thames, having also completed the sale, earlier in the month, of 6 Arlington Street, in London’s St James’s.  The sales were completed in two separate transactions for a total consideration of GBP45.6 million, […]

• 21 Apr 2016 2 min read

  Discount widening and portfolio repositioning drag down UK Commercial Property’s returns

  UK Commercial Property Trust has published its results for 2015. The Chairman says the fund delivered a NAV total return of 9.1% over the 12 month period, outperforming the FTSE All- Share Index return of 1.0% and the ten year gilt index of 0.8%. The return from UKCM was behind that of the IPD benchmark […]

• 04 Jan 2016 1 min read

  UK Commercial Property Trust acquires properties in Newcastle and Glasgow

  UK Commercial Property Trust has announced that it has separately acquired two new properties. The first is the Central Square office building in Newcastle, which has been acquired at a cost of £21.6m, which reflects a net initial yield of 6.4%. The building, which has 72,389 square feet of office space is multi-let to a […]

• 21 Sep 2015 1 min read

  UK Commercial Property and SEGRO swap assets

  UK Commercial Property Trust has announced that it has acquired Ventura Park in Hertfordshire for £67.1m through a swap transaction with SEGRO plc, which also comprises the sale to SEGRO of a 298,850 sq ft Asda Distribution Centre in Northampton for £31m.  UK Commercial Property Trust paid the £36.1m difference from its existing cash resources. Ventura […]

• 20 Aug 2015 3 min read

  UK Commercial Property has firepower for new acquisitions

  UK Commercial Property Trust has reported a 5.2% total return on net assets for the first half of 2015 and a share price return of 5.4% as the shares moved from a 6.3% to a 6.7% premium. The return was behind their MSCI benchmark (MSCI Balanced Monthly & Quarterly Funds, formerly known as the IPD […]

• 09 Jun 2015 1 min read

  UK Commercial Property cashes in retail assets

  UK Commercial Property has announced the sale of two assets from its retail portfolio, 176-206 Kensington High Street, London and 134-138 North Street, Brighton in two separate transactions for a total consideration of £82.7m, which is marginally ahead of their aggregate valuation as at 31 March 2015. The assets have been deemed to be non-core to […]

• 21 Apr 2015 2 min read

  UK Commercial Property rules out becoming a REIT – for now

  UK Commercial Property has announced results for 2014 that show the net asset value rose by 13.5% over the year to hit 83p. Adding in the income as well, the total return on net assets was 19.7% and, as the premium rose slightly, the return to shareholders was 20.4%. The total return on the property […]

• 05 Mar 2015 2 min read

  UK Commercial Property life extension and discount control

  UK Commercial Property has two debt facilities. One of £80m, provided by Lloyds Bank, expires in June 2015 and the other of £150m, Provided by Barclays Bank, expires in May 2018. the company wants to refinance the Lloyds loan and has found a new lender that is prepared to lend it money for 12 years. Interest is […]

• 26 Mar 2014 1 min read

  UK Commercial Property : UKCM – sale of manager

  The investment manager of UK Commercial Property, Ignis Asset Management, is being sold to Standard Life. The sale is supposed to complete by the end of Q2 2014. The Board of UK Commercial Property says it “will monitor the situation carefully and update shareholders as appropriate”.

• 20 Mar 2014 1 min read

  UK Commercial Property Trust : UKCM – annual results

  UK Commercial Property has released its results for the year ended 31 December 2013. The net asset value rose from 69.6p to 73.1p over the year (the total NAV return was 13.2%) driven largely by income returns and an uplift in property values in Central London, South Eastern industrial assets, distribution warehouse and some regional offices. The […]

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In The Press

• 25 Aug 2020 2 min read

  Property trusts and funds remain under the cosh

  Property trusts and funds remain under the cosh by Hannah Smith from interactive investor | 14th August 2020 11:39 Property trusts took a big hit from Covid-19 during the second quarter as non-paying commercial tenants caused dividend cuts and falling net asset values (NAVs). Investment trust analyst Winterflood said in a note that rent collection has affected the dividend policies […]

• 09 Oct 2018 1 min read

  Investment Trust Insider : F&C discount flags value in property trusts

  Investment Trust Insider : F&C discount flags value in property trusts James Carthew, head of investment company research at QuotedData and Investment Trust Insider columnist wrote the following article: Investment Trust Insider : Trust buster Lazard World gets fatal taste of its own medicine Discounts seem to be widening in the property sector again but Intu (INTU), the retail property group, […]