Warehouse Reit (WHR)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

84.60p
   
  • Change Today:
    -0.40p
  • 52 Week High: 106.80
  • 52 Week Low: 69.70
  • Currency: UK Pounds
  • Shares Issued: 424.86m
  • Volume: 387,670
  • Market Cap: £359.43m
  • RiskGrade: 92

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
1st Interim1.60p1.55p1.55p1.50p1.50p
2nd Interim1.60p1.55p1.55p1.50p1.50p
3rd Interim1.60p1.55p1.55p1.60p1.50p
4th Interim1.60p1.75p1.55p1.60p1.50p
Total Dividend6.40p6.40p6.20p6.20p6.00p
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 47.85 48.71 35.76 30.05 21.98
Operating Profit/(Loss) (174.22) 199.04 129.34 27.13 27.74
Net Interest (13.49) (7.83) (6.23) (6.45) (4.96)
Profit Before Tax (182.86) 191.20 123.11 20.68 22.78
Profit After Tax (182.86) 191.20 123.11 20.68 22.77
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (182.86) 191.20 123.11 20.68 22.77
Attributable to:          
Equity Holders of Parent Company (182.86) 191.20 123.11 20.68 22.77
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (43.00p) 45.00p 35.20p 8.60p 13.64p
Earnings per Share - Diluted (43.00p) 45.00p 35.20p 8.60p 13.64p
Earnings per Share - Adjusted 4.70p 6.40p 5.30p 6.50p 6.37p
Continuing and Discontinued EPS          
Earnings per Share - Basic (43.00p) 45.00p 35.20p 8.60p 13.64p
Earnings per Share - Diluted (43.00p) 45.00p 35.20p 8.60p 13.64p
Earnings per Share - Adjusted 4.70p 6.40p 5.30p 6.50p 13.64p
           
Dividend per Share 6.40p 6.40p 6.20p 6.20p 5.97p
  £ (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 n/a n/a n/a n/a n/a
Investment Properties 842.27 1,026.07 807.06 459.09 312.00
Investments n/a n/a n/a n/a n/a
Other Financial Assets 11.23 0.34 n/a n/a (0.21)
Other Non-Current Assets n/a n/a 0.02 0.02 0.25
  853.50 1,026.40 807.08 459.11 312.04
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 9.26 9.85 5.98 6.41 4.40
Cash at Bank & in Hand 25.05 16.71 27.18 5.48 4.87
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 0.62 n/a n/a n/a n/a
  34.94 26.55 33.16 11.89 9.27
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 888.43 1,052.96 840.24 471.00 321.31
           
Liabilities          
Current Liabilities          
Borrowings 0.70 0.70 0.64 0.49 0.28
Other Current Liabilities 29.54 14.34 15.10 11.39 9.02
  30.25 15.04 15.74 11.87 9.30
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 318.41 282.42 233.36 191.51 129.68
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 11.30 16.55 17.05 4.50 n/a
  329.71 298.97 250.41 196.01 129.68
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 359.96 314.00 266.15 207.88 138.98
           
Net Assets 528.47 738.95 574.09 263.12 182.33
           
Capital & Reserves          
Share Capital 4.25 4.25 4.25 2.40 1.66
Share Premium Account 275.65 275.65 275.65 74.03 n/a
Other Reserves n/a n/a n/a 161.15 161.15
Retained Earnings 248.58 459.06 294.19 25.54 19.52
Shareholders Funds 528.47 738.95 574.09 263.12 182.33
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 528.47 738.95 574.09 263.12 182.33
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 35.32 28.25 24.20 20.72 15.19
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 (20.93) (53.85) (211.27) (131.96) (4.44)
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 (6.04) 15.12 208.77 111.85 (12.45)
Net Increase/Decrease In Cash 8.35 (10.48) 21.70 0.62 (1.71)
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 21.7 27.1 23.8 14.1 16.1
PEG - Adjusted n/a 1.3 n/a 7.0 0.1
Earnings per Share Growth - Adjusted -27% 21% -18% 2% 217%
Dividend Cover 0.73 1.00 0.85 1.05 1.07
Revenue per Share 11.26p 11.47p 0.10p 7.07p 5.17p
Pre-Tax Profit per Share (43.04p) 45.00p 0.35p 4.87p 5.36p
Operating Margin (364.14%) 408.58% 361.69% 90.28% 126.21%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 21.7 27.1 2,355.2 14.1 7.5
PEG - Adjusted n/a 0.0 n/a n/a 0.0
Earnings per Share Growth - Adjusted -27% 11,863% -99% -52% 352%
Dividend Cover 0.73 1.00 0.01 1.05 2.28
           
Dividend Yield 6.3% 3.7% 4.9% 6.8% 5.8%
Dividend per Share Growth n/a 3.23% n/a 3.79% 140.00%
Operating Cash Flow per Share 8.31p 6.65p 6.92p 4.88p 3.57p
Cash Incr/Decr per Share 1.96p (2.47p) 0.063p 0.14p (0.40p)
Net Asset Value per Share (exc. Intangibles) 124.39p 173.93p 164.19p 61.93p 42.91p
Net Gearing 55.64% 36.05% 36.02% 70.89% 68.61%

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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