Urban Logistics Reit (SHED)

Sector:

Property Investment Trusts

Index:

FTSE 250

114.60p
   
  • Change Today:
      0.80p
  • 52 Week High: 141.80
  • 52 Week Low: 100.00
  • Currency: UK Pounds
  • Shares Issued: 471.98m
  • Volume: 716,383
  • Market Cap: £540.88m

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
Total Dividend7.60p7.60p4.35p3.75p7.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 55.31 37.81 24.18 12.60 10.77
Operating Profit/(Loss) (73.41) 176.41 51.30 12.73 21.64
Net Interest (10.68) (6.84) (3.99) (3.37) (2.18)
Profit Before Tax (82.66) 171.77 47.60 9.36 18.75
Profit After Tax (82.66) 171.77 47.60 9.36 18.75
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (82.66) 171.77 47.60 9.36 18.75
Attributable to:          
Equity Holders of Parent Company (82.66) 171.77 47.60 9.36 18.75
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (17.51p) 48.86p 0.22p 9.95p 22.05p
Earnings per Share - Diluted (17.51p) 48.86p 0.22p 9.95p 22.03p
Earnings per Share - Adjusted 6.93p 6.71p 0.068p 7.66p 6.99p
Continuing and Discontinued EPS          
Earnings per Share - Basic (17.51p) 48.86p 0.22p 9.95p 22.05p
Earnings per Share - Diluted (17.51p) 48.86p 0.22p 9.95p 22.03p
Earnings per Share - Adjusted 6.93p 6.71p 0.068p 7.66p 6.99p
           
Dividend per Share 7.60p 7.60p 0.044p 3.75p 6.96p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets 0.03 0.05 0.01 0.02 0.02
Investment Properties 1,101.58 1,029.07 515.79 209.18 186.42
Investments n/a n/a n/a n/a n/a
Other Financial Assets 1.88 1.60 n/a n/a (0.44)
Other Non-Current Assets n/a n/a n/a n/a n/a
  1,103.50 1,030.72 515.81 209.20 186.00
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 8.01 20.97 35.41 1.82 1.53
Cash at Bank & in Hand 30.16 127.38 60.46 132.28 9.76
Current Asset Investments 1.15 n/a n/a n/a n/a
Other Current Assets 14.50 n/a n/a n/a n/a
  53.82 148.34 95.87 134.10 11.29
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,157.31 1,179.06 611.68 343.29 197.73
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities 24.83 32.82 13.05 5.68 4.20
  24.83 32.82 13.05 5.68 4.20
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 356.22 247.92 205.98 76.47 71.42
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 6.50 5.70 5.19 2.38 1.64
  362.73 253.62 211.17 78.85 73.06
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 387.55 286.43 224.22 84.53 77.26
           
Net Assets 769.76 892.63 387.46 258.76 120.48
           
Capital & Reserves          
Share Capital 4.72 4.72 2.55 1.89 0.88
Share Premium Account 438.42 438.42 89.64 228.76 93.88
Other Reserves 228.88 233.23 229.11 0.06 0.21
Retained Earnings 97.74 216.27 66.15 28.06 25.51
Shareholders Funds 769.76 892.63 387.45 258.76 120.48
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 769.76 892.63 387.46 258.76 120.48
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 43.12 57.77 (8.03) 9.76 8.59
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 (201.30) (353.43) (265.32) (14.29) (41.08)
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 60.96 362.58 201.53 127.05 38.97
Net Increase/Decrease In Cash (97.22) 66.92 (71.82) 122.52 6.48
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 18.5 28.4 2,169.0 15.3 16.5
PEG - Adjusted 6.2 0.0 n/a 1.5 1.2
Earnings per Share Growth - Adjusted 3% 9,734% -99% 10% 14%
Dividend Cover 0.91 0.88 1.55 2.04 1.00
Revenue per Share 11.72p 10.76p 0.11p 2.67p 2.28p
Pre-Tax Profit per Share (17.51p) 48.86p 0.22p 1.98p 3.97p
Operating Margin (132.73%) 466.55% 212.16% 101.03% 200.93%
Return on Capital Employed n/a 15.66% 0.09% 3.80% 10.91%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.5 28.4 214,875.1 15.3 16.5
PEG - Adjusted 6.2 0.0 n/a 1.5 1.2
Earnings per Share Growth - Adjusted 3% 974,097% -100% 10% 14%
Dividend Cover 0.91 0.88 0.02 2.04 1.00
           
Dividend Yield 5.9% 4.0% 0.0% 3.2% 6.0%
Dividend per Share Growth n/a 17,208.52% (98.83%) (46.10%) 10.44%
Operating Cash Flow per Share 9.14p 16.43p (0.037p) 2.07p 1.82p
Cash Incr/Decr per Share (20.60p) 19.04p (0.33p) 25.96p 1.37p
Net Asset Value per Share (exc. Intangibles) 163.09p 253.91p 176.76p 54.82p 25.52p
Net Gearing 42.36% 13.50% 37.56% -21.57% 51.18%

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

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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