BMO Commercial Property Trust (BCPT) owns a concentrated portfolio of commercial property located in areas of strong economic fundamentals. The dividend was suspended during the first lockdown but, due to rent collection remaining stronger than expected, has now been restored to c. 70% of its pre-crisis levels. With the shares trading on a 34.5% discount, the annualised dividend yield is now c. 5.5%. BCPT’s shares have traded on one of the widest discounts in the AIC UK commercial property sect ....
23 Apr 2021
BMO Commercial Property - Overview
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BMO Commercial Property - Overview
Balanced Commercial Property Trust Limited (BCPT:LON) | 82.8 -0.9 (-1.3%) | Mkt Cap: 581.2m
- Published:
23 Apr 2021 -
Author:
Thomas McMahon, CFA -
Pages:
7
BMO Commercial Property Trust (BCPT) owns a concentrated portfolio of commercial property located in areas of strong economic fundamentals. The dividend was suspended during the first lockdown but, due to rent collection remaining stronger than expected, has now been restored to c. 70% of its pre-crisis levels. With the shares trading on a 34.5% discount, the annualised dividend yield is now c. 5.5%. BCPT’s shares have traded on one of the widest discounts in the AIC UK commercial property sect ....