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Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property investment company. The Company is the only London-listed REIT to focus on specialist last mile / last touch logistics assets, with a tenant base which delivers essential goods within the UK. The Company's strategy is to invest in mid-sized logistics properties with the objective of generating attractive dividends and capital returns through active asset management. Urban Logistics' investment adviser, led by Richard Moffitt, has many years' experience in investing in the logistics sector of the broader real estate market. The team's ability to source vital and strategically located mid-sized single let properties, with high-quality tenants, off-market at favourable terms, aims to create considerable value for shareholders. Tenants include Amazon, XPO, DHL, Hermes, DPD, Boots, Unipart (for NHS), Royal Mail and J Sainsbury Plc. Buying well and pursuing additional value enhancing asset management initiatives has driven the Company's growth, enabling Urban Logistics to grow from a £10m market cap company at IPO in April 2016 to a FTSE 250 constituent.
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| Breakdown | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
| Income before tax | -82.66M | 171.77M | 47.60M | 9.36M | 18.75M |
| Net income | -82.66M | 171.77M | 47.60M | 9.36M | 18.75M |
| Selling general administrative | 9.68M | 7.16M | 4.23M | 2.14M | 1.83M |
| Gross profit | -79.63M | 183.33M | 51.48M | 14.97M | 10.08M |
| Reconciled depreciation | 0.13M | 0.10M | 0.05M | 0.01M | 0.00M |
| Ebit | 47.71M | 26.30M | 18.51M | 6.46M | 20.60M |
| Ebitda | 47.84M | 26.39M | 18.56M | 6.48M | 20.60M |
| Depreciation and amortization | 0.13M | 0.10M | 0.05M | 0.01M | 0.00M |
| Operating income | 47.71M | 26.30M | 18.51M | 6.46M | 8.12M |
| Other operating expenses | 128.71M | 140.66M | 29.74M | 1.00M | 0.16M |
| Interest expense | 12.10M | 5.81M | 3.41M | 2.37M | 1.85M |
| Tax provision | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | 1.42M | 0.06M | 0.09M | 0.01M | 0.03M |
| Net interest income | -10.68M | -5.75M | -3.32M | -2.71M | -2.18M |
| Income tax expense | 5.81M | 5.81M | 3.41M | 2.37M | - |
| Total revenue | -77.32M | 184.59M | 52.79M | 15.41M | 21.06M |
| Total operating expenses | 5.34M | 12.82M | 5.19M | 6.05M | 2.31M |
| Cost of revenue | 2.31M | 1.26M | 1.31M | 0.44M | 0.69M |
| Total other income expense net | -130.37M | 145.48M | 29.09M | 2.90M | 10.62M |
| Net income from continuing ops | -82.66M | 171.77M | 47.60M | 9.36M | 18.75M |
| Net income applicable to common shares | -82.66M | 171.77M | 47.60M | 9.36M | 18.75M |
| Breakdown | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
| Total assets | 1157.31M | 1179.07M | 611.68M | 343.29M | 197.73M |
| Intangible assets | 0.03M | 0.05M | 0.01M | 0.02M | 0.02M |
| Other current assets | 16.59M | 1.23M | 0.77M | 0.34M | 0.43M |
| Total liab | 387.55M | 286.43M | 224.22M | 84.53M | 77.26M |
| Total stockholder equity | 769.76M | 892.63M | 387.45M | 258.76M | 120.48M |
| Other current liab | 22.52M | 29.73M | 9.97M | 3.63M | 2.59M |
| Common stock | 4.72M | 4.72M | 2.55M | 1.89M | 0.88M |
| Capital stock | 4.72M | 4.72M | 2.55M | 1.89M | 0.88M |
| Retained earnings | 97.74M | 216.27M | 66.15M | 28.06M | 25.51M |
| Other liab | 6.50M | 5.70M | 4.12M | 1.03M | 0.95M |
| Other assets | 1036.00M | 0.00M | 210.55M | 187.80M | 197.73M |
| Cash | 23.16M | 121.68M | 56.33M | 131.25M | 8.81M |
| Total current liabilities | 24.83M | 32.82M | 13.05M | 5.68M | 4.20M |
| Net debt | 333.33M | 126.50M | 149.87M | -54.69M | 62.61M |
| Short long term debt total | 356.49M | 248.18M | 206.20M | 76.56M | 71.42M |
| Other stockholder equity | -102.46M | -220.99M | -68.70M | -29.94M | 94.08M |
| Property plant equipment | 1101.58M | 1029.07M | 515.79M | 209.18M | 186.42M |
| Total current assets | 53.82M | 148.34M | 95.87M | 134.10M | 11.29M |
| Long term investments | 3.03M | 1.60M | - | - | - |
| Net tangible assets | 769.73M | 892.59M | 387.44M | 258.75M | 120.45M |
| Short term investments | 1.15M | 5.70M | 4.13M | 1.03M | - |
| Net receivables | 5.91M | 19.73M | 34.64M | 1.47M | 1.10M |
| Long term debt | - | - | 199.24M | 74.70M | 72.11M |
| Accounts payable | 2.31M | 3.09M | 3.08M | 2.05M | 0.41M |
| Common stock total equity | - | - | 2.55M | 1.89M | 0.88M |
| Non currrent assets other | -1103.50M | -1030.72M | -515.81M | -209.20M | - |
| Non current assets total | 1103.50M | 1030.72M | 515.81M | 209.20M | - |
| Breakdown | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
| Investments | -201.30M | -353.43M | -265.32M | -14.29M | -41.08M |
| Change to liabilities | -9.11M | 18.64M | 8.44M | 1.45M | 1.29M |
| Total cashflows from investing activities | -201.30M | -353.43M | -265.32M | -14.29M | -41.08M |
| Net borrowings | 108.23M | 40.00M | 126.55M | 3.11M | 24.00M |
| Total cash from financing activities | 60.96M | 362.58M | 201.53M | 127.05M | 38.97M |
| Net income | -82.66M | 171.77M | 47.60M | 9.36M | 18.75M |
| Change in cash | -97.22M | 66.92M | -71.82M | 122.52M | 6.48M |
| Begin period cash flow | 127.38M | 60.46M | 132.28M | 9.76M | 3.28M |
| End period cash flow | 30.16M | 127.38M | 60.46M | 132.28M | 9.76M |
| Total cash from operating activities | 43.12M | 57.77M | -8.03M | 9.76M | 8.59M |
| Issuance of capital stock | 0.00M | 358.30M | 92.34M | 136.26M | 22.83M |
| Depreciation | 0.13M | 0.10M | 0.05M | 0.01M | 0.00M |
| Other cashflows from investing activities | - | - | -265.32M | -14.29M | -41.06M |
| Dividends paid | 35.87M | 21.65M | 9.51M | 6.82M | 4.76M |
| Change to account receivables | 8.66M | 9.02M | -34.83M | -0.62M | -0.95M |
| Sale purchase of stock | 13.06M | 194.32M | 194.32M | 5.27M | 22.83M |
| Other cashflows from financing activities | 109.89M | 25.94M | 0.09M | 0.01M | 25.83M |
| Change to netincome | 126.09M | -142.85M | -29.95M | -0.79M | -10.86M |
| Capital expenditures | 0.00M | 0.00M | 265.32M | 0.00M | 0.03M |
| Change in working capital | -0.45M | 27.66M | -26.39M | 0.83M | 0.34M |
| Stock based compensation | -4.34M | 4.11M | 0.29M | 3.56M | - |
| Other non cash items | 6.41M | 11.01M | 4.00M | 5.17M | -10.50M |
| Free cash flow | 43.12M | 57.77M | -8.03M | 9.76M | 8.59M |
Sector: Real Estate Industry: REIT - Industrial
|
Stock Name
|
Change
(GBX) |
Price
(GBX) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| SGRO Segro Plc |
6.60 0.73% |
909.80 | 17.19 | 17.48 | 13.13 | 0.74 | 20.16 |
| LMP LondonMetric Property Plc |
1.80 0.99% |
183.50 | 12.73 | 13.55 | 10.31 | 0.93 | 16.54 |
| BBOX Tritax Big Box REIT plc |
0.60 0.41% |
145.40 | 10.73 | 16.23 | 7.51 | 0.78 | 13.59 |
| BYG Big Yellow Group PLC |
3.00 0.33% |
920.50 | 13.69 | 13.68 | 8.56 | 0.65 | 10.39 |
Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property investment company. The Company is the only London-listed REIT to focus on specialist last mile / last touch logistics assets, with a tenant base which delivers essential goods within the UK. The Company's strategy is to invest in mid-sized logistics properties with the objective of generating attractive dividends and capital returns through active asset management. Urban Logistics' investment adviser, led by Richard Moffitt, has many years' experience in investing in the logistics sector of the broader real estate market. The team's ability to source vital and strategically located mid-sized single let properties, with high-quality tenants, off-market at favourable terms, aims to create considerable value for shareholders. Tenants include Amazon, XPO, DHL, Hermes, DPD, Boots, Unipart (for NHS), Royal Mail and J Sainsbury Plc. Buying well and pursuing additional value enhancing asset management initiatives has driven the Company's growth, enabling Urban Logistics to grow from a £10m market cap company at IPO in April 2016 to a FTSE 250 constituent.
124 Sloane Street, London, United Kingdom, SW1X 9BW
44-20-75911600
| Name | Title | Year Born |
|---|---|---|
| Mr. John Richard Moffitt | CEO & Non-Independent Director | 1964 |
| Mr. Josh Furniss | Financial Controller | NA |
| Mr. Michael Perkins | Financial Accountant | NA |
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