BMO Commercial Property Trust
Company Notes
34% discount offers considerable value
Since its launch in 2005, BMO Commercial Property Trust* has been managed by Richard Kirby of BMO Real Estate Partners, who is supported by deputy manager Matt Howard. The fund’s objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified UK commercial property portfolio.
On 23 April the fund published a NAV update for the three months to 31 March 2021. The NAV per share increased by 1.7% over the quarter from 117.5p to 119.5p, while the NAV total return was +2.6%. The capital value of the property portfolio increased by 1.1% to £1,242m. The fund pays monthly dividends, which are currently being paid at a rate of 0.35p per share per month. This compares with the pre-pandemic monthly rate of 0.50p per share, with the Board initially suspending dividend payments in April last year in the wake of the pandemic, before reintroducing them at a monthly rate of 0.25p from August, which was increased to 0.35p per share in December.
*Denotes a corporate broking client of Winterflood Securities
To see this content in full, please log in to your account.
Client log in
Please note that this website is part of Winterflood's research service and therefore only available to MiFID II compliant research clients. For further information please e-mail research@winterflood.com