Urban Logistics REIT plc
DB:CW0 Stock Report
Urban Logistics REIT Balance Sheet Health
Financial Health criteria checks 2/6 Urban Logistics REIT has a total shareholder equity of £748.4M and total debt of £402.6M, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are £1.2B and £441.0M respectively. Urban Logistics REIT's EBIT is £49.3M making its interest coverage ratio 2.9. It has cash and short-term investments of £31.1M.
Key information
53.8%
Debt to equity ratio
Interest coverage ratio 2.9x Cash UK£31.09m Equity UK£748.36m Total liabilities UK£441.04m Total assets UK£1.19b
Recent financial health updates
Show all updates
First half dividend of UK£0.033 announced Nov 10
Urban Logistics REIT plc Declares First Interim Dividend for the Half Year Ended September 30, 2024, Payable on 13 December 2024 and Provides Dividend Guidance for the Second Half of 2025 Nov 07
Urban Logistics REIT plc to Report First Half, 2025 Results on Nov 07, 2024 Oct 16
Urban Logistics REIT plc (LSE:SHED) acquired A 130,676 sq. ft. Unit in Doncaster for £11.7 million. Sep 18
Now 20% undervalued Sep 09
Now 21% undervalued Aug 21
Now 22% undervalued Aug 05
Urban Logistics REIT plc, Annual General Meeting, Jul 24, 2024 Jun 27
Final dividend of UK£0.043 announced Jun 23
Full year 2024 earnings released: EPS: UK£0.052 (vs UK£0.17 loss in FY 2023) Jun 21
Urban Logistics REIT plc Announces Second Interim Dividend, payable on 19 July 2024 Jun 21 Urban Logistics Reit plc Appoints Cherine Aboulzelof as Independent Non-Executive Director and a Member of the Audit Committee, Management Engagement Committee and Nomination Committee Effective from 1 July 2024 Jun 13
Urban Logistics REIT plc to Report Fiscal Year 2024 Results on Jun 20, 2024 Apr 17
Urban Logistics REIT plc (LSE:SHED) made an offer to acquire abrdn Property Income Trust Limited (LSE:API) for approximately £230 million. Feb 21
Upcoming dividend of UK£0.033 per share at 6.5% yield Nov 17
First half 2024 earnings released: EPS: UK£0.036 (vs UK£0.005 in 1H 2023) Nov 12
Urban Logistics REIT plc Declares an Interim Dividend for the Six Months to 30 September 2023, Payable on 15 December 2023 Nov 10
Urban Logistics REIT plc to Report First Half, 2024 Results on Nov 09, 2023 Oct 16
Now 21% undervalued after recent price drop Sep 29
New major risk - Financial position Jul 12
CEO & Non-Independent Director recently bought €175k worth of stock Jun 28
New minor risk - Financial data availability Jun 09 Urban Logistics REIT plc (LSE:SHED) acquired a Columbia Threadneedle Street Portfolio for £39.5 million. Jan 24
Upcoming dividend of UK£0.033 per share Nov 17
First half 2023 earnings released: EPS: UK£0.005 (vs UK£0.18 in 1H 2022) Nov 16
Urban Logistics REIT plc Declares A First Interim Dividend for the Six Months to 30 September 2022, Payable on 16 December 2022 Nov 11
Urban Logistics REIT plc (LSE:SHED) acquired 39,899 sq. ft. industrial warehouse on the Westfield Industrial Estate in Cumbernauld, Glasgow for £3.3 million. Oct 26
Urban Logistics REIT plc to Report First Half, 2023 Results on Nov 11, 2022 Oct 25
Investor sentiment deteriorated over the past week Sep 27
Urban Logistics REIT plc (LSE:SHED) acquired Five warehouses in United kingdom for £90 million. Aug 26
Urban Logistics REIT plc Announces Dividend for the Financial Year 2022 Jun 24
Urban Logistics REIT plc (LSE:SHED) acquired Logistics Asset in East Midlands for £40.7 million. Apr 26 Urban Logistics REIT plc (LSE:SHED) acquired A 94,841 sq. ft. last mile automotive logistics, servicing and sales centre in Battersea, London from Lookers plc (LSE:LOOK) for £28 million.
Financial Position Analysis
Short Term Liabilities: CW0's short term assets (£46.6M) exceed its short term liabilities (£22.3M).
Long Term Liabilities: CW0's short term assets (£46.6M) do not cover its long term liabilities (£418.7M).
Debt to Equity History and Analysis
Debt Level: CW0's net debt to equity ratio (49.6%) is considered high .
Reducing Debt: CW0's debt to equity ratio has reduced from 60.1% to 53.8% over the past 5 years.
Debt Coverage: CW0's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: CW0's interest payments on its debt are not well covered by EBIT (2.9x coverage).
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