BMO Commercial Property Trust
Market Cap
UK£550.8m
Last Updated
2020/04/03 00:20 UTC
Data Sources
Company Financials
Executive Summary
The trust is a vehicle for investors who wish to gain exposure to prime UK commercial property.
Rewards
Snowflake Analysis
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
17.6%
BCPT
-2.1%
GB Real Estate
-5.4%
GB Market
1 Year Return
-42.4%
BCPT
-20.2%
GB Real Estate
-25.2%
GB Market
Return vs Industry: BCPT underperformed the UK Real Estate industry which returned -20% over the past year.
Return vs Market: BCPT underperformed the UK Market which returned -25% over the past year.
Shareholder returns
| BCPT | Industry | Market | |
|---|---|---|---|
| 7 Day | 17.6% | -2.1% | -5.4% |
| 30 Day | -28.2% | -31.4% | -20.6% |
| 90 Day | -40.8% | -35.8% | -29.1% |
| 1 Year | -39.2%-42.4% | -18.2%-20.2% | -21.5%-25.2% |
| 3 Year | -45.5%-52.4% | -21.8%-28.2% | -15.3%-25.9% |
| 5 Year | -39.3%-51.5% | -16.0%-25.8% | -3.6%-25.1% |
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
No news available
Valuation
Is BMO Commercial Property Trust undervalued compared to its fair value and its price relative to the market?
8.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BCPT (£0.69) 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 Real Estate 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 (0.5x) compared to the GB Real Estate industry average (0.8x).
Future Growth
How is BMO Commercial Property Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
23.7%
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.
Past Performance
How has BMO Commercial Property Trust performed over the past 5 years?
-31.8%
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 -31.8% 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 Real Estate industry (-2.2%).
Return on Equity
High ROE: BCPT has a negative Return on Equity (-0.63%), as it is currently unprofitable.
Financial Health
How is BMO Commercial Property Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BCPT's short term assets (£35.9M) exceed its short term liabilities (£17.5M).
Long Term Liabilities: BCPT's short term assets (£35.9M) do not cover its long term liabilities (£310.6M).
Debt to Equity History and Analysis
Debt Level: BCPT's debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: BCPT's debt to equity ratio has reduced from 35.6% to 28.3% over the past 5 years.
Balance Sheet
Inventory Level: BCPT has a high level of physical assets or inventory.
Debt Coverage by Assets: BCPT's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BCPT has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if BCPT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is BMO Commercial Property Trust's current dividend yield, its reliability and sustainability?
8.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BCPT's dividend (8.71%) is higher than the bottom 25% of dividend payers in the UK market (2.67%).
High Dividend: BCPT's dividend (8.71%) is in the top 25% of dividend payers in the UK market (7.36%)
Stability and Growth of Payments
Stable Dividend: BCPT's dividends per share have been stable in the past 10 years.
Growing Dividend: BCPT's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: BCPT is paying a dividend but the company is unprofitable.
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.
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average board tenure
CEO
Richard Wilson (53yo)
no data
Tenure
Mr. Richard Charles Wilson, BA is a Director at BMO Asset Management Corp. He is Chief Executive Officer at BMO Commercial Property Trust Limited (formerly, F&C Commercial Property Trust Limited). He also ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 0.83yr | no data | no data | |
| Senior Independent Director | 0.92yr | UK£41.25k | 0.0037% £20.5k | |
| Independent Chairman | no data | UK£49.50k | 0.0051% £28.0k | |
| Independent Non-Executive Director | 6.17yrs | UK£49.50k | 0.0070% £38.7k | |
| Independent Non-Executive Director | 1.58yrs | UK£12.55k | no data |
1.3yrs
Average Tenure
Experienced Board: BCPT's board of directors are not considered experienced ( 1.3 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: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: UK£550.763m
- 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 |
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 together with the potential for capital and income growth from investing in a diversified UK commercial property portfolio
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 00:20 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.