BMO Commercial Property Trust
Market Cap
UK£561.2m
Last Updated
2021/03/07 19:44 UTC
Data Sources
Company Financials
Executive Summary
The trust is a vehicle for investors who wish to gain exposure to prime UK commercial property. More Details
Rewards
Risk Analysis
Snowflake Analysis
Slightly overvalued with imperfect balance sheet.
Similar Companies
Share Price & News
How has BMO Commercial Property Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BCPT is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BCPT's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
BCPT
-0.08%
GB REITs
1.2%
GB Market
1 Year Return
-26.1%
BCPT
-39.6%
GB REITs
4.6%
GB Market
Return vs Industry: BCPT exceeded the UK REITs industry which returned -39.6% over the past year.
Return vs Market: BCPT underperformed the UK Market which returned 4.6% over the past year.
Shareholder returns
| BCPT | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -0.08% | 1.2% |
| 30 Day | -6.3% | 1.0% | 0.7% |
| 90 Day | -14.8% | 1.9% | 2.6% |
| 1 Year | -23.5%-26.1% | -7.7%-39.6% | 10.6%4.6% |
| 3 Year | -44.0%-50.8% | -2.2%-3.7% | 8.6%-4.5% |
| 5 Year | -32.8%-45.8% | 7.2%1.6% | 39.5%12.6% |
Long-Term Price Volatility Vs. Market
How volatile is BMO Commercial Property Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Many BMO Commercial Property Trust Limited (LON:BCPT) Shares Do Institutions Own?2 months ago | Simply Wall St
What Type Of Returns Would BMO Commercial Property Trust's(LON:BCPT) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?4 months ago | Simply Wall St
How Many BMO Commercial Property Trust Limited (LON:BCPT) Shares Do Institutions Own?Valuation
Is BMO Commercial Property Trust undervalued compared to its fair value and its price relative to the market?
6.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BCPT (£0.7) is trading below our estimate of fair value (£0.75)
Significantly Below Fair Value: BCPT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BCPT is unprofitable, so we can't compare its PE Ratio to the GB REITs industry average.
PE vs Market: BCPT is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BCPT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BCPT is good value based on its PB Ratio (0.6x) compared to the GB REITs industry average (0.9x).
Next Steps
Future Growth
How is BMO Commercial Property Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
46.3%
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BMO Commercial Property Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of BCPT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- BMO Commercial Property Trust competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has BMO Commercial Property Trust performed over the past 5 years?
-52.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BCPT is currently unprofitable.
Growing Profit Margin: BCPT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BCPT is unprofitable, and losses have increased over the past 5 years at a rate of 52.3% per year.
Accelerating Growth: Unable to compare BCPT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BCPT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-0.1%).
Return on Equity
High ROE: BCPT has a negative Return on Equity (-9.25%), as it is currently unprofitable.
Next Steps
Financial Health
How is BMO Commercial Property Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BCPT's short term assets (£42.0M) exceed its short term liabilities (£18.6M).
Long Term Liabilities: BCPT's short term assets (£42.0M) do not cover its long term liabilities (£310.7M).
Debt to Equity History and Analysis
Debt Level: BCPT's debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: BCPT's debt to equity ratio has increased from 29.9% to 32% over the past 5 years.
Debt Coverage: BCPT's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: BCPT is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is BMO Commercial Property Trust current dividend yield, its reliability and sustainability?
5.98%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BCPT's dividend (5.98%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: BCPT's dividend (5.98%) is in the top 25% of dividend payers in the UK market (4.51%)
Stability and Growth of Payments
Stable Dividend: BCPT's dividend payments have been volatile in the past 10 years.
Growing Dividend: BCPT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (112.9%), BCPT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average board tenure
CEO
Richard Wilson (54 yo)
no data
Tenure
Mr. Richard Charles Wilson, BA was a Director at BMO Asset Management Corp. Mr. Wilson serves as Non-Executive Director, Albion Venture Capital Trust PLC at Albion Capital Group LLP since joining the firm ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 1.75yrs | UK£32.58k | 0.0050% £ 28.1k | |
| Senior Independent Director | 1.83yrs | UK£45.91k | 0.0037% £ 20.9k | |
| Independent Non-Executive Chairman | no data | UK£59.52k | 0.0051% £ 28.6k | |
| Independent Non-Executive Director | 7.08yrs | UK£49.50k | 0.0070% £ 39.4k | |
| Independent Non-Executive Director | 2.5yrs | UK£41.25k | 0.0042% £ 23.5k |
2.2yrs
Average Tenure
Experienced Board: BCPT's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BMO Commercial Property Trust Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BMO Commercial Property Trust Limited
- Ticker: BCPT
- Exchange: LSE
- Founded: 2005
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: UK£561.155m
- Shares outstanding: 799.37m
- Website: https://www.bmogam.com/commercial-property-trust/
Location
- BMO Commercial Property Trust Limited
- 6th Floor
- Quartermile 4
- Edinburgh
- EH3 9EG
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BCPT | LSE (London Stock Exchange) | Yes | New Ordinary Shares | GB | GBP | Mar 2005 |
| BCPTL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | GBP | Mar 2005 |
Biography
The trust is a vehicle for investors who wish to gain exposure to prime UK commercial property. It is a constituent of the FTSE 250 Index and aims to provide shareholders with an attractive level of income...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 19:44 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.