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About the company
UK Commercial Property REIT Limited is a Guernsey-based real estate investment trust (REIT). The investment objective of the Company 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’s commercial properties. The Company's portfolio has a strong bias towards prime, institutional quality properties and is diversified by location and sector across the United Kingdom. It invests in mainly four commercial property sectors: office, retail, industrial, and leisure/other. Its property portfolio includes Bestway, Meir Park, Stoke-on-Trent; Clipper Logistics, Tetron Park, Swadlincote; Dolphin Estate, Sunbury-on-Thames; Emerald Park East, Emersons Green, Bristol; Gatwick Gate Industrial Estate, Crawley; Hannah Close, Wembley, London; and more. Its investment manager is abrdn Fund Managers Limited.
- Revenue in GBP (TTM)65.61m
- Net income in GBP31.71m
- Incorporated2006
- Employees0.00
- LocationUK Commercial Property REIT LimitedTrafalgar Court,, Les Banques,PO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
- Phone+44 1 481745520Fax+44 1 481745085
- Websitehttps://www.ukcpreit.com/
Profile
| Management group(s) | abrdn Fund Managers Limited |
|---|---|
| AIC sector | Property - UK Commercial |
| ISIN | GB00B19Z2J52 |
| Launch date | 21 Sep 2006 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
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
The annual fee is charged at the rate of 0.525% p.a. of Total Assets up to GBP 1.75 bn and for Total Assets above GBP 1.75 bn at the rate of 0.475% p.a. The Investment Management agreement is terminable by either of the parties to it on 12 months’ notice.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| PRS Reit PLC | 53.68m | 58.02m |
| Target Healthcare REIT PLC | 67.77m | 58.37m |
| Dar Global PLC | 288.67m | 66.63m |
| Empiric Student Property PLC | 80.50m | 53.40m |
| Balanced Commercial Property Trust Ltd | 59.16m | -192.53m |
| Globalworth Real Estate Investments Ltd | 205.84m | -46.36m |
| UK Commercial Property REIT Ltd | 65.61m | 31.71m |
| Supermarket Income REIT PLC | 101.91m | 3.52m |
| Workspace Group plc | 182.60m | -221.50m |
| Great Portland Estates PLC | 95.30m | -330.70m |
| Primary Health Properties PLC | 169.80m | 27.30m |
| Assura PLC | 152.60m | -167.90m |
| Sirius Real Estate Ltd | 239.40m | 35.35m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Phoenix Life Ltd.as of 04 Apr 2024 | 563.80m | 43.39% |
| Investec Wealth & Investment Ltd.as of 24 Apr 2024 | 173.98m | 13.39% |
| BlackRock Advisors (UK) Ltd.as of 24 Apr 2024 | 60.70m | 4.67% |
| Cornelian Asset Managers Ltd.as of 12 Feb 2024 | 55.99m | 4.31% |
| Brooks Macdonald Asset Management Ltd.as of 25 Apr 2024 | 54.61m | 4.20% |
| Threadneedle Asset Management Ltd.as of 18 Apr 2024 | 47.22m | 3.63% |
| The Vanguard Group, Inc.as of 24 Apr 2024 | 40.10m | 3.09% |
| Coutts & Co.as of 30 Nov 2019 | 29.73m | 2.29% |
| Legal & General Investment Management Ltd.as of 10 Apr 2024 | 19.62m | 1.51% |
| Evelyn Partners Investment Management LLPas of 19 Apr 2024 | 18.81m | 1.45% |
