BMO Commercial Property Trust Limited (GB:BCPT) has released an update.
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Balanced Commercial Property Trust Limited reports a Net Asset Value (NAV) total return of -0.8% for Q2 2024 alongside a share price total return of -1.1%, amid challenging economic pressures on the real estate sector. The company has actively managed its portfolio, disposing of seven office holdings since December 2023, reducing office sector exposure and raising £129.5 million. Despite a downturn in office assets, the Trust has seen positive capital performance in other sectors, particularly retail warehouses, and has completed or renewed 19 leases and tenancy agreements.
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