UK Comms Prop in the red after losses on investment properties

UK Commercial Property Trust (UKCPT), a UK-focused commercial property trust, swung into the red in the first half and reported a decline in its net asset value (NAV) per share.

UK Commercial Property Trust (UKCPT), a UK-focused commercial property trust, swung into the red in the first half and reported a decline in its net asset value (NAV) per share.

The firm posted a loss before tax for the half year of £4.43m, against a profit of £32.8m the same half the previous year. Losses per share came in at 0.37p against earnings per share of 2.74p per share previously.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.