| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
WHR Stock Overview
Warehouse REIT plc owns and manages a diversified portfolio of warehouse real estate assets in UK urban areas.
Warehouse REIT Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£1.66 |
| 52 Week High | UK£1.78 |
| 52 Week Low | UK£1.20 |
| Beta | 0.76 |
| 1 Month Change | -0.36% |
| 3 Month Change | 4.27% |
| 1 Year Change | 36.23% |
| 3 Year Change | 66.20% |
| 5 Year Change | n/a |
| Change since IPO | 62.94% |
Recent News & Updates
Shareholder Returns
| WHR | GB REITs | GB Market | |
|---|---|---|---|
| 7D | 0.6% | 0.8% | -1.0% |
| 1Y | 36.2% | 22.5% | 8.3% |
Return vs Industry: WHR exceeded the UK REITs industry which returned 22.5% over the past year.
Return vs Market: WHR exceeded the UK Market which returned 8.3% over the past year.
Price Volatility
| WHR volatility | |
|---|---|
| WHR Average Weekly Movement | 3.7% |
| REITs Industry Average Movement | 2.6% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.7% |
| 10% least volatile stocks in GB Market | 2.5% |
Stable Share Price: WHR is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WHR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2017 | n/a | Andrew Bird | https://www.warehousereit.co.uk |
Warehouse REIT plc owns and manages a diversified portfolio of warehouse real estate assets in UK urban areas. This is a compelling market. The structural rise in e-commerce and investment in 'last-mile' delivery contribute to high tenant demand, while limited vacant space and our active asset management lead to growing rents.
Warehouse REIT Fundamentals Summary
| WHR fundamental statistics | |
|---|---|
| Market Cap | UK£706.12m |
| Earnings (TTM) | UK£169.17m |
| Revenue (TTM) | UK£43.46m |
4.2x
P/E Ratio16.2x
P/S RatioIs WHR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WHR income statement (TTM) | |
|---|---|
| Revenue | UK£43.46m |
| Cost of Revenue | UK£5.17m |
| Gross Profit | UK£38.29m |
| Expenses | -UK£130.88m |
| Earnings | UK£169.17m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.40 |
| Gross Margin | 88.11% |
| Net Profit Margin | 389.26% |
| Debt/Equity Ratio | 40.2% |
How did WHR perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield86%
Payout RatioValuation
Is Warehouse REIT undervalued compared to its fair value and its price relative to the market?
5.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WHR (£1.66) is trading below our estimate of fair value (£1.76)
Significantly Below Fair Value: WHR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: WHR is good value based on its PE Ratio (4.2x) compared to the UK REITs industry average (13.2x).
PE vs Market: WHR is good value based on its PE Ratio (4.2x) compared to the UK market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WHR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WHR is overvalued based on its PB Ratio (1.1x) compared to the GB REITs industry average (0.9x).
Future Growth
How is Warehouse REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
11.4%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if WHR's forecast earnings growth is above the savings rate (0.9%).
Earnings vs Market: Insufficient data to determine if WHR's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WHR's revenue (11.4% per year) is forecast to grow faster than the UK market (4.8% per year).
High Growth Revenue: WHR's revenue (11.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WHR's Return on Equity is forecast to be low in 3 years time (3.3%).
Past Performance
How has Warehouse REIT performed over the past 5 years?
75.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WHR has a large one-off gain of £145.1M impacting its September 30 2021 financial results.
Growing Profit Margin: WHR's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: WHR's earnings have grown significantly by 75.9% per year over the past 5 years.
Accelerating Growth: WHR's earnings growth over the past year (190.6%) exceeds its 5-year average (75.9% per year).
Earnings vs Industry: WHR earnings growth over the past year (190.6%) exceeded the REITs industry 150.1%.
Return on Equity
High ROE: WHR's Return on Equity (26.1%) is considered high.
Financial Health
How is Warehouse REIT's financial position?
Financial Position Analysis
Short Term Liabilities: WHR's short term assets (£34.4M) exceed its short term liabilities (£17.5M).
Long Term Liabilities: WHR's short term assets (£34.4M) do not cover its long term liabilities (£290.9M).
Debt to Equity History and Analysis
Debt Level: WHR's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WHR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WHR's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: WHR's interest payments on its debt are well covered by EBIT (4.6x coverage).
Balance Sheet
Dividend
What is Warehouse REIT current dividend yield, its reliability and sustainability?
3.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WHR's dividend (3.73%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).
High Dividend: WHR's dividend (3.73%) is low compared to the top 25% of dividend payers in the UK market (4.04%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, WHR has been paying a dividend for less than 10 years.
Growing Dividend: WHR's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86.1%), WHR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WHR's dividends in 3 years are forecast to be covered by earnings (88.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Andrew Bird (59 yo)
no data
Tenure
Mr. Andrew Charles Bird is a Founded Tilstone Estates Ltd. in 2010 and serves as its Managing Director and Director. Mr. Bird has over 25 years of experience in the commercial property investment and devel...
Leadership Team
Experienced Management: WHR's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: WHR's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WHR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.
Top Shareholders
Company Information
Warehouse REIT plc's employee growth, exchange listings and data sources
Key Information
- Name: Warehouse REIT plc
- Ticker: WHR
- Exchange: AIM
- Founded: 2017
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: UK£706.120m
- Shares outstanding: 424.86m
- Website: https://www.warehousereit.co.uk
Location
- Warehouse REIT plc
- Gorse Stacks House
- Ground Floor
- Chester
- CH1 3EQ
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 21:27 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.