- Portfolio delivers a total return of 6.04% p.a. over the 5-year period against 3.78% p.a. for the index.
- Income return of 6.42% p.a. also outperforms the index benchmark of 4.56% p.a.
The Cordatus Property Trust (CPT) – the flagship fund of Cordatus Real Estate (‘Cordatus’) – marked its fifth anniversary by significantly outperforming its index and posting impressive returns.
With the MSCI Quarterly Index results for December 2020 just released, the Trust has performed extremely well, outperforming its benchmark over every time period: 3 months, 1 year, 3 years and 5 years for the main measures of Total Return, Income Return and Capital Return.
The Trust’s portfolio delivered a total return of 6.04% p.a. over the 5-year period against 3.78% p.a. for the index.
Crucially for an income focussed fund, the income return of 6.42% p.a. over the same period was ahead of the 4.56% p.a. recorded for the index. This ranked the Trust on the 4th percentile for income returns.
Mike Channing, four time Standard & Poors performance award winning fund manager, Chief Executive of Cordatus and Fund Manager of CPT commented:
“These strong performance numbers are testament to our rigorous investment process and our hands-on, active asset management – fundamental skills that are important at all times.
“Last year one was of the most challenging in my 30 years of real estate fund management and I am pleased that Cordatus Property Trust continued to perform so well in testing market conditions.”
The Cordatus Property Trust was established in December 2015, with the objective to provide investors with returns through a diversified portfolio of core/core plus income producing assets designed to deliver income with an element of capital appreciation and with a focus on smaller lot sized assets (typically in the lot size range £3m to £17.5m).
- The Trust currently has a portfolio valued at c. £159m, with 50 properties and 229 tenancies.
- The property portfolio is 52% weighted to industrial assets.
- Rent collection for 2020 averaged 96.1%.
- During the year (2020), 26 new lettings and 20 lease renewals were completed, adding or securing over £1.45m of annual income.
Encouraged by these results, Cordatus is looking forward to building on the success of CPT over the next 5 years.
Further information, contact:
Ben Copithorne / Richard Pia
About Cordatus Real Estate (“Cordatus”)
Established in 2006, Cordatus Real Estate is an independently owned real estate asset management specialist. Its directors have over 140 years of combined experience in the UK property market, having held senior positions in some of the UK’s largest investing institutions and property developers.
Cordatus operates out of offices in Edinburgh, the Midlands , London and Bahrain. Its directors are Michael Cunningham, Mike Channing, Gavin Munn and Paul Blyth.