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
03 Sep 2018
UK Commercial Property REIT - Making steady progress in uncertain times
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UK Commercial Property REIT - Making steady progress in uncertain times
UK Commercial Property Reit Limited (UKCM:LON) | 65.2 0.4 0.9% | Mkt Cap: 846.6m
- Published:
03 Sep 2018 -
Author:
Gavin Wood -
Pages:
8
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