AIM:KCR

Stock Analysis Report

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Executive Summary

K&C REIT PLC is a publicly owned real estate investment trust.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has KCR Residential REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KCR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

KCR

-0.4%

GB REITs

-0.7%

GB Market


1 Year Return

-35.7%

KCR

-15.4%

GB REITs

-15.7%

GB Market

Return vs Industry: KCR underperformed the UK REITs industry which returned -15.1% over the past year.

Return vs Market: KCR underperformed the UK Market which returned -14.9% over the past year.


Shareholder returns

KCRIndustryMarket
7 Day0%-0.4%-0.7%
30 Day0%-2.3%0.6%
90 Day-21.3%1.5%11.3%
1 Year-35.7%-35.7%-12.7%-15.4%-11.7%-15.7%
3 Year-55.8%-55.8%-5.1%-16.5%-4.3%-16.1%
5 Year-68.9%-68.9%-6.1%-23.1%13.5%-11.9%

Price Volatility Vs. Market

How volatile is KCR Residential REIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is KCR Residential REIT undervalued compared to its fair value and its price relative to the market?

0.66x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KCR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KCR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KCR is unprofitable, so we can't compare its PE Ratio to the GB REITs industry average.

PE vs Market: KCR is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KCR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KCR's PB Ratio (0.7x) is in line with the GB REITs industry average.


Next Steps

Future Growth

How is KCR Residential REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.7%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as KCR Residential REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has KCR Residential REIT performed over the past 5 years?

-56.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KCR is currently unprofitable.

Growing Profit Margin: KCR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KCR is unprofitable, and losses have increased over the past 5 years at a rate of -56.9% per year.

Accelerating Growth: Unable to compare KCR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KCR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-9%).


Return on Equity

High ROE: KCR has a negative Return on Equity (-32.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is KCR Residential REIT's financial position?


Financial Position Analysis

Short Term Liabilities: KCR's short term assets (£152.1K) do not cover its short term liabilities (£930.1K).

Long Term Liabilities: KCR's short term assets (£152.1K) do not cover its long term liabilities (£9.5M).


Debt to Equity History and Analysis

Debt Level: KCR's debt to equity ratio (73.2%) is considered high.

Reducing Debt: KCR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KCR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KCR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.2% each year


Next Steps

Dividend

What is KCR Residential REIT current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KCR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KCR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KCR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KCR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KCR's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Dominic White (49yo)

3.5yrs

Tenure

UK£278,200

Compensation

Mr. Dominic Andrew White has been the Chief Executive Officer at KCR Residential REIT plc since May 17, 2017 and serves as its Chief Chairman since 2020. Mr. White serves as Non-Executive Chairman at Suppl ...


CEO Compensation Analysis

Compensation vs Market: Dominic's total compensation ($USD350.88K) is about average for companies of similar size in the UK market ($USD347.16K).

Compensation vs Earnings: Dominic's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Dominic White
Chief Chairman & Director3.5yrsUK£278.20k4.34% £376.7k
Christopher James
Director of Asset Managementno dataUK£3.50kno data
Timothy John Oakley
Director of Refurbishment and Developmentno dataUK£32.50kno data
Russell Naylor
Executive Director0.92yrno datano data
Robert Roberts
Company Secretary6.92yrsno datano data
Patricia Farley
Consultant3.33yrsUK£9.38kno data

3.4yrs

Average Tenure

70yo

Average Age

Experienced Management: KCR's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dominic White
Chief Chairman & Director3.5yrsUK£278.20k4.34% £376.7k
Russell Naylor
Executive Director0.92yrno datano data
Richard Boon
Non-Executive Director0.92yrno datano data
James Thornton
Independent Non-Executive Director0.92yrno data0.081% £7.0k
Michael Dudley Davies
Independent Non Executive Chairman4.58yrsno data0.71% £61.6k

0.9yrs

Average Tenure

58.5yo

Average Age

Experienced Board: KCR's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 74.6%.


Top Shareholders

Company Information

KCR Residential REIT plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KCR Residential REIT plc
  • Ticker: KCR
  • Exchange: AIM
  • Founded:
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: UK£8.684m
  • Shares outstanding: 27.57m
  • Website: https://www.kcrreit.com

Number of Employees


Location

  • KCR Residential REIT plc
  • 82 St John Street
  • London
  • Greater London
  • EC1M 4JN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KCRAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2015

Biography

K&C REIT PLC is a publicly owned real estate investment trust. It invests in the real estate markets of Central London. The firm invests mainly in residential properties. K&C REIT PLC is based in United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:07
End of Day Share Price2020/07/14 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.