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Company is a UK REIT.
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Data as at: 29/11/2023
In
Objective
To provide ordinary 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.
AIC sector
Management group
abrdn
Company website
Launch date
21/09/2006
December
Domicile
Guernsey
Fund manager
Will Fulton, Jamie Horton
Dividend frequency
Quarterly
Wind-up provisions
A periodic continuation vote held in October 2022 was passed with the next one scheduled for 2027 and seven yearly thereafter. In addition, under the discount control policy of the Company, a continuation vote may be required if the Company’s shares trade at a discount of over 5% for a continuous period of 90 dealing days or more, beginning after the date of the second anniversary of the Company’s most recent continuation vote. The second anniversary of the most recent continuation vote is 25 October 2024. This specific risk is assessed in light of the Company’s most recent continuation vote which was passed with 98.9% of shareholders voting for continuation based on a 77.4% turnout.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 758.86 | 1,310.31 | 58.40 | 80.33 | -27.30 | 18 | 5.74 | Feb, May, Aug, Nov | 0.7 (31/12/2022) |
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Note
Dividends
Dividends declared in last 12 months
| Ex-Dividend date | Payment date | Dividend amount | Dividend type | Special dividend | Financial year |
|---|---|---|---|---|---|
| 16/11/2023 | 30/11/2023 | 0.850 | Income | No | 2023 |
| 17/08/2023 | 31/08/2023 | 0.850 | Income | No | 2023 |
| 18/05/2023 | 31/05/2023 | 0.850 | Income | No | 2023 |
| 09/02/2023 | 28/02/2023 | 0.850 | Income | No | 2022 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| UK Commercial Property REIT | Share price total return | 4.4 | -1.2 | -9.6 | 22.4 |
| Property - UK Commercial AIC sector | Share price total return | -10.4 | 3.8 | -13.7 | 12.2 |
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Share structure
Number of shares
1,299,412,465
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 1,734,459 | 49,681,565 | 534,888,626 | 2,591,429,018 |
| Average | N/A | 2,160,070 | 2,122,570 | 2,055,060 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 1.01 | 28.47 | 289.72 | 1,853.85 |
| Average | N/A | 1.24 | 1.15 | 1.47 |
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Trading details
Top holdings
Data as at : 31/12/2022
| Investment | % of total assets |
|---|---|
| Investment Properties | 123.2 |
| Trade And Other Receivables | 5.1 |
| Cash And Cash Equivalents | 3.0 |
| Trade And Other Payables | -3.1 |
| Bank Loans | -28.2 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
