Urban Logistics Reit (SHED)

Sector:

Property Investment Trusts

Index:

FTSE 250

105.80p
   
  • Change Today:
      0.80p
  • 52 Week High: 128.80
  • 52 Week Low: 105.00
  • Currency: UK Pounds
  • Shares Issued: 471.98m
  • Volume: 70,280
  • Market Cap: £499.35m
  • Beta: 0.97

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Total Dividend7.60p7.60p7.60p4.35p3.75p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 59.95 55.31 37.81 24.18 12.60
Operating Profit/(Loss) 41.51 (73.41) 176.41 51.30 12.73
Net Interest (15.90) (10.68) (6.84) (3.99) (3.37)
Profit Before Tax 24.74 (82.66) 171.77 47.60 9.36
Profit After Tax 24.74 (82.66) 171.77 47.60 9.36
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 24.74 (82.66) 171.77 47.60 9.36
Attributable to:          
Equity Holders of Parent Company 24.74 (82.66) 171.77 47.60 9.36
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 5.24p (17.51p) 48.86p 0.22p 9.95p
Earnings per Share - Diluted 5.24p (17.51p) 48.86p 0.22p 9.95p
Earnings per Share - Adjusted 6.89p 6.93p 6.71p 0.068p 7.66p
Continuing and Discontinued EPS          
Earnings per Share - Basic 5.24p (17.51p) 48.86p 0.22p 9.95p
Earnings per Share - Diluted 5.24p (17.51p) 48.86p 0.22p 9.95p
Earnings per Share - Adjusted 6.89p 6.93p 6.71p 0.068p 7.66p
           
Dividend per Share 7.60p 7.60p 7.60p 0.044p 3.75p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets 0.02 0.03 0.05 0.01 0.02
Investment Properties 1,105.59 1,101.58 1,029.07 515.79 209.18
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a 1.60 n/a n/a
Other Non-Current Assets 1.44 1.88 n/a n/a n/a
  1,107.04 1,103.50 1,030.72 515.81 209.20
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 6.12 8.01 20.97 35.41 1.82
Cash at Bank & in Hand 30.27 30.16 127.38 60.46 132.28
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 4.50 15.65 n/a n/a n/a
  40.90 53.82 148.34 95.87 134.10
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,147.94 1,157.31 1,179.06 611.68 343.29
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities 24.50 24.83 32.82 13.05 5.68
  24.50 24.83 32.82 13.05 5.68
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 358.75 356.22 247.92 205.98 76.47
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 6.05 6.50 5.70 5.19 2.38
  364.80 362.73 253.62 211.17 78.85
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 389.30 387.55 286.43 224.22 84.53
           
Net Assets 758.65 769.76 892.63 387.46 258.76
           
Capital & Reserves          
Share Capital 4.72 4.72 4.72 2.55 1.89
Share Premium Account 438.42 438.42 438.42 89.64 228.76
Other Reserves 228.76 228.88 233.23 229.11 0.06
Retained Earnings 86.75 97.74 216.27 66.15 28.06
Shareholders Funds 758.65 769.76 892.63 387.45 258.76
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 758.65 769.76 892.63 387.46 258.76
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 46.59 43.12 57.77 (8.03) 9.76
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 3.33 (201.30) (353.43) (265.32) (14.29)
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 (49.80) 60.96 362.58 201.53 127.05
Net Increase/Decrease In Cash 0.12 (97.22) 66.92 (71.82) 122.52
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 16.6 18.5 28.4 2,169.0 15.3
PEG - Adjusted n/a 6.2 0.0 n/a 1.5
Earnings per Share Growth - Adjusted -1% 3% 9,734% -99% 10%
Dividend Cover 0.91 0.91 0.88 1.55 2.04
Revenue per Share 12.70p 11.72p 10.76p 0.11p 2.67p
Pre-Tax Profit per Share 5.24p (17.51p) 48.86p 0.22p 1.98p
Operating Margin 69.23% (132.73%) 466.55% 212.16% 101.03%
Return on Capital Employed 3.64% n/a 15.66% 0.09% 3.80%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.6 18.5 28.4 214,875.1 15.3
PEG - Adjusted n/a 6.2 0.0 n/a 1.5
Earnings per Share Growth - Adjusted -1% 3% 974,097% -100% 10%
Dividend Cover 0.91 0.91 0.88 0.02 2.04
           
Dividend Yield 6.6% 5.9% 4.0% 0.0% 3.2%
Dividend per Share Growth n/a n/a 17,208.52% (98.83%) (46.10%)
Operating Cash Flow per Share 9.87p 9.14p 16.43p (0.037p) 2.07p
Cash Incr/Decr per Share 0.024p (20.60p) 19.04p (0.33p) 25.96p
Net Asset Value per Share (exc. Intangibles) 160.73p 163.09p 253.91p 176.76p 54.82p
Net Gearing 43.30% 42.36% 13.50% 37.56% -21.57%

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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