BMO Commercial Property Trust Limited (GB:BCPT) has released an update.
BMO Commercial Property Trust Limited reported a challenging year with a net asset value (NAV) total return of -3.3% and a share price total return of -12.5% for the year ended 31 December 2023. Despite a tough economic backdrop, with rising interest rates and a shallow recession, the company increased its monthly interim dividends by 10% and signed a new £320 million debt facility. The company also strategically repositioned its portfolio, disposing of office holdings for £14.3 million and completing a major development scheme, enhancing the rent roll by over £1.4 million per annum.
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