UK Commercial Property Reit Limited (UKCM)

Sector:

Real Estate

Index:

FTSE 250

67.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 69.90
  • 52 Week Low: 48.40
  • Currency: UK Pounds
  • Shares Issued: 1,299.41m
  • Volume: 1,077,803
  • Market Cap: £877.10m
  • RiskGrade: 248

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
1st Interim0.85p0.80p0.64p0.46p0.92p
2nd Interim0.85p0.85p0.64p0.46p0.92p
3rd Interim0.85p0.85p0.64p0.46p0.92p
4th Interim0.85p0.85p0.75p0.46p0.92p
Total Dividend3.40p3.35p2.68p2.37p3.68p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 66.60 66.93 58.31 64.66 71.75
Operating Profit/(Loss) 41.67 (213.46) 243.40 (2.32) 10.51
Net Interest (9.96) (8.87) (7.17) (7.96) (8.12)
Profit Before Tax 31.71 (222.33) 236.23 (10.28) 1.69
Profit After Tax 31.71 (222.33) 236.23 (10.28) 1.64
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 31.71 (222.33) 236.23 (10.28) 1.64
Attributable to:          
Equity Holders of Parent Company 31.71 (222.33) 236.23 (10.28) 1.64
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 2.44p (17.11p) 18.18p (0.79p) 0.13p
Earnings per Share - Diluted 2.44p (17.11p) 18.18p (0.79p) 0.13p
Earnings per Share - Adjusted 3.35p 3.15p 2.65p 2.71p 3.50p
Continuing and Discontinued EPS          
Earnings per Share - Basic 2.44p (17.11p) 18.18p (0.79p) 0.13p
Earnings per Share - Diluted 2.44p (17.11p) 18.18p (0.79p) 0.13p
Earnings per Share - Adjusted 3.35p 3.15p 2.65p 2.71p 3.50p
           
Dividend per Share 3.40p 3.25p 2.92p 2.37p 3.68p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 1,179.53 1,275.61 1,508.37 1,173.00 1,310.00
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a (0.19) (0.46)
Other Non-Current Assets n/a n/a n/a n/a n/a
  1,179.53 1,275.61 1,508.37 1,172.81 1,309.54
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 42.12 52.65 50.76 47.43 30.26
Cash at Bank & in Hand 22.11 30.86 42.12 122.74 48.98
Current Asset Investments n/a n/a n/a 10.00 48.85
Other Current Assets 44.07 n/a n/a n/a n/a
  108.31 83.51 92.88 180.17 128.09
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,287.83 1,359.12 1,601.25 1,353.00 1,438.00
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities 28.26 31.71 27.70 28.16 23.05
  28.26 31.71 27.70 28.16 23.05
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 236.33 291.69 248.33 197.85 247.45
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a n/a n/a
  236.33 291.69 248.33 197.85 247.45
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 264.59 323.40 276.02 226.01 270.49
           
Net Assets 1,023.25 1,035.72 1,325.23 1,127.00 1,167.00
           
Capital & Reserves          
Share Capital 539.87 539.87 539.87 540.00 540.00
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves 483.38 495.85 785.36 587.10 627.27
Retained Earnings n/a n/a n/a n/a n/a
Shareholders Funds 1,023.25 1,035.72 1,325.23 1,126.98 1,167.14
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 1,023.25 1,035.72 1,325.23 1,127.00 1,167.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 57.19 51.88 37.97 31.26 32.06
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 43.73 (31.21) (123.76) 129.96 31.56
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (109.66) (31.93) 5.17 (87.45) (58.14)
Net Increase/Decrease In Cash (8.75) (11.26) (80.62) 73.76 5.48
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 18.5 18.5 28.2 25.5 25.4
PEG - Adjusted 3.1 1.0 n/a n/a 1.6
Earnings per Share Growth - Adjusted 6% 19% -2% -23% 16%
Dividend Cover 0.99 0.97 0.91 1.14 0.95
Revenue per Share 5.13p 5.15p 0.045p 4.98p 5.52p
Pre-Tax Profit per Share 2.44p (17.11p) 0.18p (0.79p) 0.13p
Operating Margin 62.57% (318.93%) 417.45% (3.59%) 14.65%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.5 18.5 2,792.6 25.5 25.4
PEG - Adjusted 3.1 0.0 n/a n/a 1.6
Earnings per Share Growth - Adjusted 6% 11,676% -99% -23% 16%
Dividend Cover 0.99 0.97 0.01 1.14 0.95
           
Dividend Yield 5.5% 5.6% 3.9% 3.4% 4.1%
Dividend per Share Growth 4.62% 11.30% 23.15% (35.57%) n/a
Operating Cash Flow per Share 4.40p 3.99p 2.92p 2.41p 2.47p
Cash Incr/Decr per Share (0.67p) (0.87p) (0.063p) 5.68p 0.42p
Net Asset Value per Share (exc. Intangibles) 78.75p 79.71p 101.99p 86.73p 89.81p
Net Gearing 20.94% 25.18% 15.56% 6.66% 17.00%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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