The structure, transport and magnetic properties of half doped Sm0.5Ca0.5MnO3 manganite has been systamatically studied. The results show that Sm0.5Ca0.5MnO3 compound has the O′orthorhombic structure and shows typical Jahn-Teller distortion. Throughout the temperature range used, the electric transport shows semiconducting behavior and there are no I-M transition and CMR effect. Meanwhile, it is found that the charge-order and antiferromagnetic transition temperatures of the system are around 270K and 200K, respectively, whereas at lower temperature there appears a typical spin-glass state around 41K with reentrant behavior. The negative magnetization is also observed in this compound. All these phenomena indicate that for the ground state of Sm0.5Ca0.5MnO3, there exists the competition mechanism of several complex magnetic interactions. Present study may provide abundant experimental information for understandig the mechanism of the strongly electron correlated system.