BMO Commercial Trust Announces Mid-Year Results and Acquisition

BMO Commercial Property Trust Limited (GB:BCPT) has released an update.

BMO Commercial Property Trust Limited reported a net asset value (NAV) total return of -1.9% for the first half of 2024, with the NAV per share dropping to 105.1 pence from 109.8 pence. The company’s share price saw a notable increase, with a total return of 13.0%, and it has strategically repositioned its portfolio by disposing of certain office holdings. Amidst a cautiously optimistic economic environment, the company is undergoing an all-cash acquisition by Starling Bidco Limited, which is currently pending shareholder approval.

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