Warehouse Reit (WHR)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

84.70p
   
  • Change Today:
      1.00p
  • 52 Week High: 92.00
  • 52 Week Low: 74.90
  • Currency: UK Pounds
  • Shares Issued: 424.86m
  • Volume: 1,020,369
  • Market Cap: £359.86m
  • RiskGrade: 92
  • Beta: 0.86

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
1st Interim1.60p1.60p1.55p1.55p1.50p
2nd Interim1.60p1.60p1.55p1.55p1.50p
3rd Interim1.60p1.60p1.55p1.55p1.60p
4th Interim1.60p1.60p1.75p1.55p1.60p
Total Dividend6.40p6.40p6.40p6.20p6.20p
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 47.17 47.85 48.71 35.76 30.05
Operating Profit/(Loss) 55.63 (174.22) 199.04 129.34 27.13
Net Interest (16.11) (13.49) (7.83) (6.23) (6.45)
Profit Before Tax 34.31 (182.86) 191.20 123.11 20.68
Profit After Tax 34.31 (182.86) 191.20 123.11 20.68
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 34.31 (182.86) 191.20 123.11 20.68
Attributable to:          
Equity Holders of Parent Company 34.31 (182.86) 191.20 123.11 20.68
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 8.10p (43.00p) 45.00p 35.20p 8.60p
Earnings per Share - Diluted 8.10p (43.00p) 45.00p 35.20p 8.60p
Earnings per Share - Adjusted 4.80p 4.70p 6.40p 5.30p 6.50p
Continuing and Discontinued EPS          
Earnings per Share - Basic 8.10p (43.00p) 45.00p 35.20p 8.60p
Earnings per Share - Diluted 8.10p (43.00p) 45.00p 35.20p 8.60p
Earnings per Share - Adjusted 4.80p 4.70p 6.40p 5.30p 6.50p
           
Dividend per Share 6.40p 6.40p 6.40p 6.20p 6.20p
  £ (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 n/a n/a n/a n/a n/a
Investment Properties 695.34 842.27 1,026.07 807.06 459.09
Investments n/a n/a n/a n/a n/a
Other Financial Assets 5.49 11.23 0.34 n/a n/a
Other Non-Current Assets n/a n/a n/a 0.02 0.02
  700.83 853.50 1,026.40 807.08 459.11
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 11.52 9.26 9.85 5.98 6.41
Cash at Bank & in Hand 15.97 25.05 16.71 27.18 5.48
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 130.82 0.62 n/a n/a n/a
  158.30 34.94 26.55 33.16 11.89
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 859.13 888.43 1,052.96 840.24 471.00
           
Liabilities          
Current Liabilities          
Borrowings 0.99 0.70 0.70 0.64 0.49
Other Current Liabilities 27.91 29.54 14.34 15.10 11.39
  28.90 30.25 15.04 15.74 11.87
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 294.65 318.41 282.42 233.36 191.51
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a 11.30 16.55 17.05 4.50
  294.65 329.71 298.97 250.41 196.01
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 323.54 359.96 314.00 266.15 207.88
           
Net Assets 535.59 528.47 738.95 574.09 263.12
           
Capital & Reserves          
Share Capital 4.25 4.25 4.25 4.25 2.40
Share Premium Account 275.65 275.65 275.65 275.65 74.03
Other Reserves n/a n/a n/a n/a 161.15
Retained Earnings 255.69 248.58 459.06 294.19 25.54
Shareholders Funds 535.59 528.47 738.95 574.09 263.12
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 535.59 528.47 738.95 574.09 263.12
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 30.77 35.32 28.25 24.20 20.72
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 36.35 (20.93) (53.85) (211.27) (131.96)
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 (76.21) (6.04) 15.12 208.77 111.85
Net Increase/Decrease In Cash (9.09) 8.35 (10.48) 21.70 0.62
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 17.2 21.7 27.1 23.8 14.1
PEG - Adjusted 8.6 n/a 1.3 n/a 7.0
Earnings per Share Growth - Adjusted 2% -27% 21% -18% 2%
Dividend Cover 0.75 0.73 1.00 0.85 1.05
Revenue per Share 11.10p 11.26p 11.47p 0.10p 7.07p
Pre-Tax Profit per Share 8.07p (43.04p) 45.00p 0.35p 4.87p
Operating Margin 117.92% (364.14%) 408.58% 361.69% 90.28%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.2 21.7 27.1 2,355.2 14.1
PEG - Adjusted 8.6 n/a 0.0 n/a n/a
Earnings per Share Growth - Adjusted 2% -27% 11,863% -99% -52%
Dividend Cover 0.75 0.73 1.00 0.01 1.05
           
Dividend Yield 7.7% 6.3% 3.7% 4.9% 6.8%
Dividend per Share Growth n/a n/a 3.23% n/a 3.79%
Operating Cash Flow per Share 7.24p 8.31p 6.65p 6.92p 4.88p
Cash Incr/Decr per Share (2.14p) 1.96p (2.47p) 0.063p 0.14p
Net Asset Value per Share (exc. Intangibles) 126.06p 124.39p 173.93p 164.19p 61.93p
Net Gearing 52.22% 55.64% 36.05% 36.02% 70.89%

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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