Finance

UKCM to maintain a dividend despite NAV fall and Covid-19 impact on rent collection

By 2020-05-06T07:27:00

UKCM St George's Retail Park

UK Commercial Property REIT (UKCM) suffered a fall in net asset value (NAV) of almost 4% during the first three months of the year as property values fell above the industry average.

NAV per share dropped to 86.3p in the first quarter to the end of March, compared to 89.8p at the end of December. This resulted in a NAV total return of -2.9% during the period.

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