RDI REIT
Market Cap
UK£311.9m
Last Updated
2020/07/07 20:54 UTC
Data Sources
Company Financials +
Executive Summary
RDI REIT P.L.C. was incorporated in the Isle of Man on 28 June 2004 (Registered Number: 111198C) and was re-registered under the Isle of Man Companies Act 2006 on 3 December 2013 (Registered Number: 010534V).On 4 December 2013, the Company converted to a UK-REIT and transferred its tax residence from the Isle of Man to the United Kingdom ("UK").The Company holds a primary listing on the Main Market of the London Stock Exchange ("LSE") and a secondary listing on the Main Board of the Johannesburg Stock Exchange ("JSE").
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has RDI REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RDI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.6%
RDI
2.4%
GB REITs
1.0%
GB Market
1 Year Return
-24.8%
RDI
-14.1%
GB REITs
-13.7%
GB Market
Return vs Industry: RDI underperformed the UK REITs industry which returned -14.1% over the past year.
Return vs Market: RDI underperformed the UK Market which returned -13.7% over the past year.
Shareholder returns
| RDI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 2.4% | 1.0% |
| 30 Day | 1.1% | -6.2% | -3.0% |
| 90 Day | 29.5% | 3.8% | 12.3% |
| 1 Year | -21.2%-24.8% | -11.3%-14.1% | -9.7%-13.7% |
| 3 Year | -48.2%-57.5% | -0.7%-12.6% | -1.8%-13.8% |
| 5 Year | -56.5%-69.0% | -2.4%-20.0% | 16.2%-9.7% |
Price Volatility Vs. Market
How volatile is RDI REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Could RDI REIT P.L.C.'s (LON:RDI) Investor Composition Influence The Stock Price?2 months ago | Simply Wall St
How Much is RDI REIT P.L.C.'s (LON:RDI) CEO Getting Paid?3 months ago | Simply Wall St
Some RDI REIT (LON:RDI) Shareholders Have Taken A Painful 80% Share Price DropValuation
Is RDI REIT undervalued compared to its fair value and its price relative to the market?
49.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RDI (£0.82) is trading below our estimate of fair value (£1.62)
Significantly Below Fair Value: RDI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RDI is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: RDI 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 RDI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RDI is good value based on its PB Ratio (0.5x) compared to the GB REITs industry average (0.7x).
Next Steps
Future Growth
How is RDI REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
107.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RDI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: RDI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: RDI's is expected to become profitable in the next 3 years.
Revenue vs Market: RDI's revenue is expected to decline over the next 3 years (-0.4% per year).
High Growth Revenue: RDI's revenue is forecast to decline over the next 3 years (-0.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RDI's Return on Equity is forecast to be low in 3 years time (6.5%).
Next Steps
Past Performance
How has RDI REIT performed over the past 5 years?
-46.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RDI is currently unprofitable.
Growing Profit Margin: RDI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RDI is unprofitable, and losses have increased over the past 5 years at a rate of -46.9% per year.
Accelerating Growth: Unable to compare RDI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RDI is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-9%).
Return on Equity
High ROE: RDI has a negative Return on Equity (-12.73%), as it is currently unprofitable.
Next Steps
Financial Health
How is RDI REIT's financial position?
Financial Position Analysis
Short Term Liabilities: RDI's short term assets (£273.6M) exceed its short term liabilities (£44.9M).
Long Term Liabilities: RDI's short term assets (£273.6M) do not cover its long term liabilities (£704.3M).
Debt to Equity History and Analysis
Debt Level: RDI's debt to equity ratio (96%) is considered high.
Reducing Debt: RDI's debt to equity ratio has reduced from 111.5% to 96% over the past 5 years.
Debt Coverage: RDI's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: RDI is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is RDI REIT current dividend yield, its reliability and sustainability?
8.26%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RDI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RDI'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 RDI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RDI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: RDI is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RDI'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?
6.6yrs
Average management tenure
CEO
Mike Watters (60yo)
6.58yrs
Tenure
UK£661,549
Compensation
Mr. Michael John Watters, also known as Mike, BSc Eng (Civil), MBA has been the Chief Executive Officer of Redefine Properties International Limited since June 1, 2010. Mr. Watters has been the Chief Execu ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD832.51K) is about average for companies of similar size in the UK market ($USD922.40K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.58yrs | UK£661.55k | 0.37% £1.2m | |
| CFO & Director | 4.92yrs | UK£388.38k | 0.012% £38.1k | |
| Deputy Chief Executive Officer | 6.58yrs | UK£466.06k | 0.043% £132.8k | |
| Property Director & Executive Director | 6.33yrs | UK£429.52k | 0.020% £61.1k | |
| Head of Investor Relations | no data | no data | no data | |
| Group Head of Marketing | 5.5yrs | no data | no data | |
| Chief Executive Officer of Redefine BDL Hotel Group Limited | 7.17yrs | no data | no data | |
| Company Secretary | 10.5yrs | no data | no data | |
| Executive Officer of Corovest International - Property Adviser | no data | no data | no data | |
| Executive Officer of Corovest International - Property Adviser | no data | no data | no data |
6.6yrs
Average Tenure
57yo
Average Age
Experienced Management: RDI's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.58yrs | UK£661.55k | 0.37% £1.2m | |
| CFO & Director | 4.92yrs | UK£388.38k | 0.012% £38.1k | |
| Property Director & Executive Director | 6.33yrs | UK£429.52k | 0.020% £61.1k | |
| Non-Independent Non-Executive Director | 1.25yrs | UK£15.77k | no data | |
| Independent Non-Executive Director | 6.58yrs | UK£52.00k | no data | |
| Independent Chairman | 2yrs | UK£98.00k | 0.027% £83.4k | |
| Independent Non-executive Director | 2.67yrs | UK£52.00k | no data | |
| Alternate Director | 7.75yrs | no data | no data | |
| Senior Independent Non-Executive Director | no data | UK£52.00k | no data |
5.6yrs
Average Tenure
57yo
Average Age
Experienced Board: RDI's board of directors are considered experienced (5.6 years average tenure).
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
RDI REIT P.L.C.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: RDI REIT P.L.C.
- Ticker: RDI
- Exchange: LSE
- Founded: 2005
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: UK£311.859m
- Shares outstanding: 380.32m
- Website: https://www.rdireit.com
Number of Employees
Location
- RDI REIT P.L.C.
- 33 Regent Street
- London
- Greater London
- SW1Y 4NB
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RDI | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Aug 2011 |
| RPL | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Aug 2011 |
| RDIR.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Aug 2011 |
| RDIL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Aug 2011 |
Biography
RDI REIT P.L.C. was incorporated in the Isle of Man on 28 June 2004 (Registered Number: 111198C) and was re-registered under the Isle of Man Companies Act 2006 on 3 December 2013 (Registered Number: 010534V).On 4 December 2013, the Company converted to a UK-REIT and transferred its tax residence from the Isle of Man to the United Kingdom ("UK").The Company holds a primary listing on the Main Market of the London Stock Exchange ("LSE") and a secondary listing on the Main Board of the Johannesburg Stock Exchange ("JSE").
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/07 20:54 |
| End of Day Share Price | 2020/07/07 00:00 |
| Earnings | 2020/02/29 |
| Annual Earnings | 2019/08/31 |
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.