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Urban Logistics REIT

AIM:SHED
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHED
AIM
£109M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Urban Logistics REIT plc, previously Pacific Industrial & Logistics REIT plc, (the "Company") and its subsidiaries (the "Group") carry on the business of property lettings throughout the United Kingdom. The last earnings update was 25 days ago. More info.


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SHED Share Price and Events
7 Day Returns
0%
AIM:SHED
-0.1%
GB REITs
-0.1%
GB Market
1 Year Returns
-1.6%
AIM:SHED
-8.3%
GB REITs
-3.5%
GB Market
SHED Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Urban Logistics REIT (SHED) 0% 2.5% 5.1% -1.6% 18.6% -
GB REITs -0.1% -2.1% -3.7% -8.3% -7.2% 8%
GB Market -0.1% 0.4% 0.6% -3.5% 15.8% 3.9%
1 Year Return vs Industry and Market
  • SHED outperformed the REITs industry which returned -8.3% over the past year.
  • SHED outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.5% over the past year.
Price Volatility
SHED
Industry
5yr Volatility vs Market

Value

 Is Urban Logistics REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Urban Logistics REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Urban Logistics REIT.

AIM:SHED Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:SHED
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.493 (1 + (1- 19%) (66%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.837 * 6.65%)
6.79%

Discounted Cash Flow Calculation for AIM:SHED using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Urban Logistics REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:SHED DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.79%)
2019 8.59 Est @ -0.09% 8.04
2020 0.22 Analyst x1 0.19
2021 0.22 Est @ 0.3% 0.18
2022 0.22 Est @ 0.58% 0.17
2023 0.22 Est @ 0.77% 0.16
2024 0.23 Est @ 0.91% 0.15
2025 0.23 Est @ 1.01% 0.14
2026 0.23 Est @ 1.07% 0.14
2027 0.23 Est @ 1.12% 0.13
2028 0.24 Est @ 1.15% 0.12
Present value of next 10 years cash flows £9.43
AIM:SHED DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £0.24 × (1 + 1.23%) ÷ (6.79% – 1.23%)
£4.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £4.29 ÷ (1 + 6.79%)10
£2.22
AIM:SHED Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £9.43 + £2.22
£11.65
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £11.65 / 87.75
£0.13
AIM:SHED Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.13
Current discount Discount to share price of £1.25
= -1 x (£1.25 - £0.13) / £0.13
-837.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Urban Logistics REIT is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Urban Logistics REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Urban Logistics REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SHED PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.22
AIM:SHED Share Price ** AIM (2019-06-18) in GBP £1.25
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 43 Publicly-Listed REITs Companies 12.76x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Urban Logistics REIT.

AIM:SHED PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SHED Share Price ÷ EPS (both in GBP)

= 1.25 ÷ 0.22

5.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urban Logistics REIT is good value based on earnings compared to the GB REITs industry average.
  • Urban Logistics REIT is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Urban Logistics REIT's expected growth come at a high price?
Raw Data
AIM:SHED PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 23 Publicly-Listed REITs Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 576 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Urban Logistics REIT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Urban Logistics REIT's assets?
Raw Data
AIM:SHED PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £1.37
AIM:SHED Share Price * AIM (2019-06-18) in GBP £1.25
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,371 Publicly-Listed Companies 1.48x
AIM:SHED PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SHED Share Price ÷ Book Value per Share (both in GBP)

= 1.25 ÷ 1.37

0.91x

* Primary Listing of Urban Logistics REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urban Logistics REIT is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Urban Logistics REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Urban Logistics REIT has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Urban Logistics REIT expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.4%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Urban Logistics REIT expected to grow at an attractive rate?
  • Unable to compare Urban Logistics REIT's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Urban Logistics REIT's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Urban Logistics REIT's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:SHED Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:SHED Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:SHED Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 12 10 1
AIM:SHED Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 11 9 19
2018-12-31 10 8 17
2018-09-30 9 8 16
2018-06-30 7 7 13
2018-03-31 6 5 10
2017-03-31 2 1 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Urban Logistics REIT is high growth as no earnings estimate data is available.
  • Unable to determine if Urban Logistics REIT is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:SHED Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Urban Logistics REIT Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SHED Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 0.21 0.21 0.21 1.00
AIM:SHED Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.22
2018-12-31 0.22
2018-09-30 0.21
2018-06-30 0.21
2018-03-31 0.20
2017-03-31 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Urban Logistics REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Urban Logistics REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Urban Logistics REIT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Urban Logistics REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Urban Logistics REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Urban Logistics REIT's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Urban Logistics REIT's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Urban Logistics REIT's earnings growth has exceeded the GB REITs industry average in the past year (90% vs 6.9%).
Earnings and Revenue History
Urban Logistics REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Urban Logistics REIT Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SHED Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 10.77 18.75 1.95
2018-12-31 9.83 17.42 1.80
2018-09-30 8.89 16.09 1.66
2018-06-30 7.23 12.98 1.69
2018-03-31 5.56 9.87 1.73
2017-03-31 1.71 3.67 0.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Urban Logistics REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Urban Logistics REIT used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Unable to establish if Urban Logistics REIT improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Urban Logistics REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Urban Logistics REIT has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Urban Logistics REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Urban Logistics REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Urban Logistics REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Urban Logistics REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Urban Logistics REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Urban Logistics REIT Company Filings, last reported 2 months ago.

AIM:SHED Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 120.48 72.11 9.76
2018-12-31 120.48 72.11 9.76
2018-09-30 111.97 63.32 4.76
2018-06-30 111.97 63.32 4.76
2018-03-31 84.21 47.67 3.28
2017-03-31 25.37 18.31 1.68
  • Urban Logistics REIT's level of debt (59.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if Urban Logistics REIT's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Urban Logistics REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Urban Logistics REIT has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Urban Logistics REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.62%
Current annual income from Urban Logistics REIT dividends. Estimated to be 6.02% next year.
If you bought £2,000 of Urban Logistics REIT shares you are expected to receive £112 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Urban Logistics REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.96%).
  • Urban Logistics REIT's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.45%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:SHED Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 49 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:SHED Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-03-31 0.08 1.00
AIM:SHED Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-05-24 0.070 5.536
2018-06-11 0.042 3.517
2018-05-24 0.042 3.260
2017-12-22 0.044 3.677
2017-11-20 0.042 3.425
2017-06-12 0.062 5.129
2017-05-23 0.062 5.074
2016-11-09 0.060 5.058

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urban Logistics REIT has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Urban Logistics REIT only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Urban Logistics REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Urban Logistics REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Urban Logistics REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Urban Logistics REIT has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Urban Logistics REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Urban Logistics REIT has no CEO, or we have no data on them.
Management Team

Michael Perkins

TITLE
Financial Accountant
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Urban Logistics REIT board of directors in years:

3.2
Average Tenure
54
Average Age
  • The tenure for the Urban Logistics REIT board of directors is about average.
Board of Directors

Nigel Sutherland Rich

TITLE
Non-Executive Chairman
COMPENSATION
£75K
AGE
72
TENURE
2.4 yrs

Bruce Anderson

TITLE
Non-Executive Director
COMPENSATION
£35K
AGE
54
TENURE
3.2 yrs

Jonathan James Olav Gray

TITLE
Senior Independent Director
COMPENSATION
£35K
AGE
51

John Moffitt

TITLE
Non-Executive Director of Pacific Capital Partners Limited
TENURE
3.4 yrs

Mark Johnson

TITLE
Non-Executive Director
AGE
59
TENURE
2.4 yrs

Richard Moffitt

TITLE
Non-Executive Director
AGE
54
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
24. Jul 18 Buy Bruce Anderson Individual 24. Jul 18 24. Jul 18 8,163 £1.23 £10,000
X
Management checks
We assess Urban Logistics REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Urban Logistics REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Urban Logistics REIT plc (LON:SHED) A Smart Choice For Dividend Investors?

Is Urban Logistics REIT plc (LON:SHED) a good dividend stock? … In this case, Urban Logistics REIT pays a decent-sized 3.4% dividend yield, and has been distributing cash to shareholders for the past two years. … Ultimately, Urban Logistics REIT comes up short on our dividend analysis.

Simply Wall St -

Could The Urban Logistics REIT plc (LON:SHED) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Urban Logistics REIT plc (LON:SHED), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Urban Logistics REIT is not a large company by global standards.

Simply Wall St -

Is Urban Logistics REIT plc (LON:SHED) A Healthy REIT?

Urban Logistics REIT plc is a UK£99m. … Check out our latest analysis for Urban Logistics REIT. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

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Boasting A 12% Return On Equity, Is Urban Logistics REIT plc (LON:SHED) A Top Quality Stock?

Over the last twelve months Urban Logistics REIT has recorded a ROE of 12%. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Does Urban Logistics REIT plc's (LON:SHED) Ownership Structure Look Like?

The big shareholder groups in Urban Logistics REIT plc (LON:SHED) have power over the company. … Urban Logistics REIT is not a large company by global standards. … See our latest analysis for Urban Logistics REIT

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Urban Logistics REIT plc (LON:SHED) Delivered A Better ROE Than The Industry, Here’s Why

and looking to gauge the potential return on investment in Urban Logistics REIT plc (LON:SHED). … With an ROE of 11.72%, Urban Logistics REIT plc (LON:SHED) returned in-line to its own industry which delivered 9.35% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

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Is Urban Logistics REIT plc's (LON:SHED) ROE Of 11.72% Sustainable?

See our latest analysis for Urban Logistics REIT Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Urban Logistics REIT’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Urban Logistics REIT, which is 8.28%. … Given a positive discrepancy of 3.44% between return and cost, this indicates that Urban Logistics REIT pays less for its capital than what it generates in return, which is a sign of capital efficiency.

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You May Have Been Looking At Urban Logistics REIT plc (LON:SHED) All Wrong

Urban Logistics REIT plc is a UK£103.50M small-cap real estate investment trust (REIT) based in London, United Kingdom. … Check out our latest analysis for Urban Logistics REIT Funds from Operations (FFO) is a higher quality measure of SHED's earnings compared to net income. … Next Steps: As a REIT, Urban Logistics REIT offers some unique characteristics which could help diversify your portfolio.

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Company Info

Description

Urban Logistics REIT plc, previously Pacific Industrial & Logistics REIT plc, (the "Company") and its subsidiaries (the "Group") carry on the business of property lettings throughout the United Kingdom. The Company is a public limited company incorporated and domiciled in England and Wales and listed on the AIM Market of the London Stock Exchange.

Details
Name: Urban Logistics REIT plc
SHED
Exchange: AIM
Founded:
£109,250,746
87,751,604
Website: http://www.urbanlogisticsreit.com
Address: Urban Logistics REIT plc
124 Sloane Street,
London,
East Lothian, SW1X 9BW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SHED Ordinary Shares London Stock Exchange AIM Market GB GBP 13. Apr 2016
Number of employees
Current staff
Staff numbers
0
Urban Logistics REIT employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:08
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/05
Last earnings filing: 2019/05/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.