Investment Trusts

UK Commercial Property REIT Limited

UKCM:LSE

UK Commercial Property REIT Limited

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  • Price (GBX)59.00
  • Today's Change-0.600 / -1.01%
  • Shares traded696.18k
  • 1 Year change-22.57%
  • Beta0.3186
Data delayed at least 15 minutes, as of Nov 30 2022 15:16 GMT.
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About the company

UK Commercial Property REIT Limited is a Guernsey-based real estate investment trust (REIT). The Company's investment objective is to provide ordinary shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of United Kingdom commercial properties. It invests up to 15 % of its total assets in indirect property funds including in other listed investment companies. It invests in mainly four commercial property sectors: office, retail, industrial and alternatives. It has investments in various geographies, such as South East, London, West Midlands, East Midlands, South West, Scotland, North East, Yorks and Humber, and North West. Its property portfolio includes Bestway, Meir Park, Stoke-on-Trent; Clipper Logistics, Tetron Park, Swadlincote; Cineworld Complex, 7 Renfrew Street, Glasgow; 41-45 Gilmore Place, Edinburgh, and others. Its investment manager is Aberdeen Standard Fund Managers Limited.

  • Revenue in GBP (TTM)359.90m
  • Net income in GBP331.78m
  • Incorporated2006
  • Employees0.00
  • Location
    UK Commercial Property REIT LimitedTrafalgar Court, Les BangquesSAINT PETER PORT GY1 3QLGuernseyGGY
  • Phone+44 1 481745520
  • Fax+44 1 481745085
  • Websitehttps://www.ukcpreit.com/
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Profile

Management group(s)abrdn Fund Managers Limited
AIC sectorProperty - UK Commercial
ISINGB00B19Z2J52
Launch date21 Sep 2006
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Group's investment objective is to provide ordinary shareholders with an attractive level of income together with the potential for income and capital growth from investing in a diversified UK commercial property portfolio. Consistent with that objective, the Group holds UK commercial property investments. The Group's financial instruments consist of cash, receivables and payables that arise directly from its operations and loan facilities.

Managed by

Will Fulton, Jamie Horton

Management & contract fees

From 1 April 2022, the annual fee charged to the Company will be reduced from a rate of 0.60% of Total Assets up to £1.75 billion, to 0.525% of Total Assets. The rate of 0.475% remains unchanged for Total Assets above £1.75 billion. In addition, the Company will not be charged for fees on excessive cash balances.

Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
UKCM:LSE since
announced
Transaction
value
Precision ParkAnnounced22 Dec 202122 Dec 2021Announced-19.95%124.69m
Data delayed at least 15 minutes, as of Nov 30 2022 15:16 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Custodian REIT PLC39.89m122.33m405.14m0.003.230.76783.3110.160.28430.28430.0931.200.0641--10.95--19.676.5120.546.7189.2991.02306.6594.42----0.205765.640.79087.643,162.8738.27---3.73
Helical PLC42.84m88.89m422.49m28.004.810.60984.719.860.71160.71160.34435.620.03974.671.081,530,071.008.254.028.624.3086.1750.10207.4969.101.74--0.3727.8743.98-15.58397.2517.84-31.235.33
Home Reit PLC26.20m47.80m441.14m--4.350.5020--16.840.12810.12810.07571.110.0419--6.87--7.64--7.73--87.29--182.46------0.2826--------------
PRS Reit PLC41.96m115.89m466.86m0.003.960.7303--11.130.21480.21480.07841.160.0444--41.78--12.26--14.23--81.81--276.17------0.3516--57.54--162.71------
Mountview Estates plc72.49m30.32m469.83m29.0015.501.1815.476.487.787.7818.59102.200.16840.070648.622,499,690.007.046.887.127.0060.9663.0741.8243.320.7894,162.560.067263.680.426-3.34-12.98-5.79--9.63
Picton Property Income Ltd48.99m82.65m471.49m9.005.710.73775.699.620.15090.15090.08961.170.0593--1.945,443,111.0010.008.2310.258.4873.2977.26168.71128.60----0.262130.167.41-3.07334.8628.02----
Target Healthcare REIT Ltd63.86m49.10m489.99m0.009.710.7012--7.670.08140.08140.10661.130.0759--19.64--5.846.096.006.23----76.8882.49--47.590.248872.8827.7722.0711.8820.75--4.92
Empiric Student Property PLC65.67m92.47m529.14m295.005.720.74435.698.060.15320.15320.10881.180.0602--10.79222,623.708.472.408.782.5965.3761.62140.8140.12----0.362490.45-5.85--221.81------
Balanced Commercial Property Trust Ltd52.86m189.24m638.41m0.003.620.6125--12.080.25120.25120.06991.490.0388--5.32--13.892.5714.112.6176.0082.29358.0056.61----0.224296.04-14.45-2.88285.2025.48---10.32
CLS Holdings plc140.40m128.00m644.50m112.005.040.48034.994.590.31420.31420.34463.290.0553--6.651,253,571.005.045.475.525.9777.28--91.1795.60----0.438223.280.28695.4754.394.09-40.9514.00
UK Commercial Property REIT Ltd359.90m331.78m774.45m0.002.330.5278--2.150.25530.25530.2771.130.2274--7.40--20.965.6721.375.7896.5888.6492.1970.45--42.480.153750.51927.6733.372,397.5439.2116.13-9.40
Workspace Group plc154.00m156.30m812.16m246.004.990.43285.125.270.84970.84970.8279.790.0574--14.39626,016.305.822.146.292.2467.0169.70101.4937.63----0.342990.07-6.614.08152.576.91-11.420.4049
Globalworth Real Estate Investments Ltd196.81m58.37m866.31m35.0014.830.575314.544.400.30510.30511.037.870.0645--13.29--1.942.082.082.2262.3267.7430.0232.12--4.590.4574175.82-1.7726.31201.4833.2313.91--
Capital & Counties Properties PLC67.30m122.20m882.77m69.007.230.49947.2113.120.14350.14350.0792.080.0256--4.81975,362.304.65-4.504.74-4.7978.3180.07181.58-207.28----0.2962---7.98-0.7757104.16-----2.09
Sirius Real Estate Limited218.05m129.72m973.58m416.007.460.9237.274.460.11110.11110.18660.89770.1201--36.64524,168.107.158.857.489.3357.9255.8159.5476.50----0.456532.1527.1025.030.286217.198.638.60
Data as of Nov 30 2022. Currency figures normalised to UK Commercial Property REIT Limited's reporting currency: UK Pound GBX

Institutional shareholders

25.03%Per cent of shares held by top holders
HolderShares% Held
Investec Wealth & Investment Ltd.as of 07 Sep 2021143.44m11.04%
Baillie Gifford & Co.as of 23 Nov 202164.36m4.95%
Coutts & Co.as of 30 Nov 201930.12m2.32%
The Vanguard Group, Inc.as of 31 Oct 202224.60m1.89%
BlackRock Investment Management (UK) Ltd.as of 31 Oct 202214.15m1.09%
Norges Bank Investment Managementas of 31 Dec 202113.98m1.08%
BlackRock Advisors (UK) Ltd.as of 03 Nov 202211.82m0.91%
BlackRock Fund Advisorsas of 03 Nov 20228.28m0.64%
Vanguard Global Advisers LLCas of 31 Oct 20227.77m0.60%
Cornelian Asset Managers Ltd.as of 31 Oct 20226.68m0.51%
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Data from 31 Dec 2021 - 31 Oct 2022Source: FactSet Research Systems Inc.
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