The Foreign and Colonial Commercial Property Trust is a London listed investment trust investing in real estate.
A member of the FTSE-250 and is worth nearly £1,000 million.
Some salient facts.
A yield of nearly 5%.
Since launch in 2005, The F&C Commercial Property Trust Limited has turned a £1,000 investment, with dividends reinvested, into £2,503. It’s has a clever borrowing strategy. The F&C Commercial Property Trust, entered into a £260 million ten year loan agreement with Legal & General Pensions Limited on 31 December 2014, refinancing its previous £230 million bonds and a £30 million bank loan. The L&G loan carries a fixed interest rate of 3.32 per cent per annum. The Company also has a £50 million bank loan with a term to 28 June 2017 on which the interest rate is fixed, through an interest rate swap of the same notional value and duration, at 4.88 per cent per annum. The Group’s total borrowings amount in aggregate to £310 million.
Its cash flow is so strong it is able to pay dividends monthly. Its total rental income from its property was £62.613 Million.
It’s two largest shareholders are:
Aviva Group 22.7%
Investec Wealth & Investment Limited 9.8%