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 -1.1% for the quarter ending March 31, 2024, with share price returns climbing 14.3% in the same period. Despite challenging economic conditions, the company completed significant asset management activities, including the disposal of two office assets for £54.6m and the completion or renewal of 18 leases and tenancy agreements. The company’s strategic review process continues as it navigates a real estate market with varying sector performances.
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