Abrdn Property Income Trust Limited (API)

Sector:

Real Estate

Index:

FTSE Small Cap

60.80p
   
  • Change Today:
      0.30p
  • 52 Week High: 61.60
  • 52 Week Low: 46.60
  • Currency: UK Pounds
  • Shares Issued: 381.22m
  • Volume: 1,670,891
  • Market Cap: £231.78m
  • RiskGrade: 122
  • Beta: 0.33

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
1st Interim1.00p1.00p0.89p1.19p1.19p
2nd Interim1.00p1.00p0.89p0.71p1.19p
3rd Interim1.00p1.00p0.89p0.71p1.19p
4th Interim1.00p1.00p1.00p0.71p1.19p
Total Dividend3.00p3.00p3.68p3.71p4.76p
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 27.55 26.70 26.49 29.44 29.88
Operating Profit/(Loss) (0.67) (43.85) 89.26 (12.04) 19.91
Net Interest (7.60) (3.64) (3.53) (3.74) (3.76)
Profit Before Tax (8.27) (51.05) 85.73 (15.78) 16.14
Profit After Tax (8.27) (51.05) 85.73 (15.78) 16.14
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (8.27) (51.05) 85.73 (15.78) 16.14
Attributable to:          
Equity Holders of Parent Company (8.27) (51.05) 85.73 (15.78) 16.14
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (2.17p) (13.11p) 21.54p (3.88p) 3.98p
Earnings per Share - Diluted (2.17p) (13.11p) 21.54p (3.88p) 3.98p
Earnings per Share - Adjusted 2.83p 2.94p 3.69p 4.10p 4.76p
Continuing and Discontinued EPS          
Earnings per Share - Basic (2.17p) (13.11p) 21.54p (3.88p) 3.98p
Earnings per Share - Diluted (2.17p) (13.11p) 21.54p (3.88p) 3.98p
Earnings per Share - Adjusted 2.83p 2.94p 3.69p 4.10p 4.76p
           
Dividend per Share 4.00p 4.00p 3.77p 3.81p 4.76p
  £ (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 17.56 15.86 7.50 n/a n/a
Intangible Assets 388.34 401.22 n/a n/a n/a
Investment Properties n/a n/a 484.51 428.41 477.86
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a 0.90 0.86 1.30
Other Non-Current Assets 1.46 2.96 8.80 5.89 5.52
  407.35 420.04 501.72 435.15 484.68
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 6.10 7.46 11.02 10.80 3.91
Cash at Bank & in Hand 6.65 15.87 13.82 9.38 6.48
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 35.95 1.58 n/a 4.30 10.70
  48.70 24.91 24.84 24.48 21.09
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 456.05 444.94 526.56 459.64 505.77
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities 14.02 10.88 14.16 15.00 10.00
  14.02 10.88 14.16 15.00 10.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 143.06 110.02 110.62 110.45 128.22
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 0.89 0.75 0.93 3.12 2.87
  143.96 110.78 111.55 113.56 131.10
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 157.98 121.66 125.72 128.13 140.97
           
Net Assets 298.08 323.29 400.85 331.51 364.79
           
Capital & Reserves          
Share Capital 228.38 228.38 228.38 228.38 227.43
Share Premium Account n/a n/a n/a n/a n/a
Other Reserves 69.69 90.52 163.94 95.78 131.20
Retained Earnings n/a 4.38 8.52 7.34 6.17
Shareholders Funds 298.08 323.29 400.85 331.51 364.79
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 298.08 323.29 400.85 331.51 364.79
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 20.97 18.32 17.03 15.69 18.59
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 (40.99) 22.08 10.28 24.73 4.65
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 10.80 (38.35) (22.87) (37.51) (25.03)
Net Increase/Decrease In Cash (9.22) 2.05 4.43 2.91 (1.79)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 18.7 21.2 22.1 14.6 19.1
PEG - Adjusted n/a n/a n/a n/a 1.5
Earnings per Share Growth - Adjusted -4% -20% -10% -14% 13%
Dividend Cover 0.71 0.74 0.98 1.08 1.00
Revenue per Share 7.23p 7.00p 0.070p 7.72p 7.84p
Pre-Tax Profit per Share (2.17p) (13.39p) 0.23p (4.14p) 4.23p
Operating Margin (2.41%) (164.23%) 337.02% (40.90%) 66.63%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.7 21.2 2,188.1 14.6 19.1
PEG - Adjusted n/a 0.0 n/a n/a 1.5
Earnings per Share Growth - Adjusted -4% 7,793% -99% -14% 13%
Dividend Cover 0.71 0.74 0.01 1.08 1.00
           
Dividend Yield 7.5% 6.4% 4.6% 6.3% 5.2%
Dividend per Share Growth n/a 6.03% (0.93%) (20.00%) n/a
Operating Cash Flow per Share 5.50p 4.81p 4.47p 4.11p 4.88p
Cash Incr/Decr per Share (2.42p) 0.54p 0.012p 0.76p (0.47p)
Net Asset Value per Share (exc. Intangibles) (23.68p) (20.44p) 105.15p 86.96p 95.69p
Net Gearing 45.76% 29.12% 24.15% 30.49% 33.37%

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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