F&C Commercial Property (Ordinary Share) FCPT

Property Direct - UK

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Estimated NAV (p)

119.00

Share Price (p)

128.40

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
F&C Commercial Property (Ordinary Share) Price 42.03%
F&C Commercial Property (Ordinary Share) NAV 41.94%
MSCI ACWI/REAL ESTATE 37.85%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 126.3p 6.4% 119.00p 119.00p
30 Sep
129% 4.75%

Discrete performance % over

Fund / BenchmarkNov '11
Oct '12
Nov '12
Oct '13
Nov '13
Oct '14
F&C Commercial Property (Ordinary Share) Price3.8920.6413.33
F&C Commercial Property (Ordinary Share) NAV6.327.8623.77
MSCI ACWI/REAL ESTATE15.2512.776.07

Discrete performance over

Discrete Performance

Top 10 Holdings

St Christopher's Place, W1 15.50%
Newbury Retail Park 8.50%
Cassini House, SW1 7.50%
Sears Retail Park, Solihull 6.90%
Wimbledon Broadway, SW19 6.20%
London SW184 Eccleston Square 5.40%
Uxbridge 3 The Square 4.70%
Charles House, 5-11 Regent Street, SW1 4.40%
Dane Street, Rochdale 4.30%
Alhambra House, Welling St, Glasgow 3.40%

Sectors weighting

Property - Office 37.20%
Property - Retail 24.80%
Property 17.90%
Property - Industrials 13.40%
Net Current Assets 4.20%
Property - Diversified 2.50%

Regional weighting

UK 90.00%
Cash/Cash Equiv. 10.00%
  • Investment trust info:

  • Sector Property Direct - UK
  • Launch Date 17 Mar 2005
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 128.40
  • Share Type Ordinary Share
  • TIDM FCPT
  • ISIN GG00B4ZPCJ00
  • Shares Issued (M) 799
  • Market Capital (£M) 1009.60
  • Gross Assets (£M) 1227.78
  • Net Assets (£M) 949.01
  • TER (%) 1.29
  • Historic Dividend Yield (%) 4.75
  • Next Dividend Date 16 Nov 2014
  • Next Dividend (p) 0.50
  • Last AGM 23 May 2014
  • Next AGM 23 May 2015
  • Last Annual Report Date 25 Apr 2014
  • Next due Report Date 31 Dec 2014
  • Next due Report Type A/R
  • Objective:

  • To provide an attractive level of income with potential for capital & income growth through investing in a diversified UK commercial property portfolio.
  • Management Group(s):

  • F&C Asset Management
  • F&C Investment Business Limited
  • F&C Investment Business Ltd
  • Managed by:

  • Paul Herrington Start: 16 Feb 2007
  • Richard Kirby Start: 17 Mar 2005
  • Management Contract & Fees:

    Under the investment management agreement, the investment manager will receive a base management fee of 0.50% p.a. of the Groups net assets and reduced to 0.25% p.a. on cash net of gearing in excess of 5% of net assets. The fees of any managing agents appointed by the investment manager are payable out of the management fee. The Board has also agreed to pay a performance fee (rebased at 1-Oct-10) equal to 20% of the total return of the Funds directly held properties exceeding 110% of the total return on the Funds benchmark, measured over a rolling three year period. This excludes indirect property holdings. The total fee is capped at 0.6% of gross assets per financial year. Any fee due in excess of this 0.6% can be carried forward for up to 2 years. The fee is subject to a high watermark. The agreement is terminable on 6 months' notice. An administrative fee of GBP 130,000 p.a. (increasing annually with inflation) is also due. The fees of any managing agents appointed by the investment manager will be payable out of this fee.