RDI REIT
Market Cap
UK£350.1m
Last Updated
2021/02/24 19:46 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"). More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential second-rate dividend payer.
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 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RDI's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
RDI
3.0%
GB REITs
-0.8%
GB Market
1 Year Return
-26.6%
RDI
-45.4%
GB REITs
-3.7%
GB Market
Return vs Industry: RDI underperformed the UK REITs industry which returned -12.6% over the past year.
Return vs Market: RDI underperformed the UK Market which returned -2% over the past year.
Shareholder returns
| RDI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 3.0% | -0.8% |
| 30 Day | 2.4% | 5.8% | 0.9% |
| 90 Day | -1.9% | 6.6% | 6.6% |
| 1 Year | -22.5%-26.6% | -12.1%-45.4% | 2.1%-3.7% |
| 3 Year | -34.6%-47.4% | 2.9%2.1% | 9.6%-3.5% |
| 5 Year | -41.4%-59.3% | 11.2%6.0% | 41.7%14.3% |
Long-Term 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
3 weeks ago | Simply Wall St
What Kind Of Investors Own Most Of RDI REIT P.L.C. (LON:RDI)?2 months ago | Simply Wall St
If You Had Bought RDI REIT's (LON:RDI) Shares Five Years Ago You Would Be Down 64%4 months ago | Simply Wall St
Do Institutions Own RDI REIT P.L.C. (LON:RDI) Shares?Valuation
Is RDI REIT undervalued compared to its fair value and its price relative to the market?
0.62x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: RDI (£0.91) is trading above our estimate of fair value (£0.66)
Significantly Below Fair Value: RDI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RDI is unprofitable, so we can't compare its PE Ratio to the GB 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 (0.6x) compared to the GB REITs industry average (0.8x).
Next Steps
Future Growth
How is RDI REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
96.4%
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%).
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 (-5% per year).
High Growth Revenue: RDI's revenue is forecast to decline over the next 3 years (-5% 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 (3.4%).
Next Steps
Past Performance
How has RDI REIT performed over the past 5 years?
-52.3%
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 52.3% 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 (-4.2%).
Return on Equity
High ROE: RDI has a negative Return on Equity (-16.54%), 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 (£209.9M) exceed its short term liabilities (£97.0M).
Long Term Liabilities: RDI's short term assets (£209.9M) do not cover its long term liabilities (£603.2M).
Debt to Equity History and Analysis
Debt Level: RDI's debt to equity ratio (102.6%) is considered high.
Reducing Debt: RDI's debt to equity ratio has increased from 86.6% to 102.6% over the past 5 years.
Debt Coverage: RDI's debt is not well covered by operating cash flow (3.9%).
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?
5.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RDI's dividend (5.51%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: RDI's dividend (5.51%) is in the top 25% of dividend payers in the UK market (4.52%)
Stability and Growth of Payments
Stable Dividend: RDI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RDI has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (116.3%), RDI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RDI's dividends in 3 years are forecast to be covered by earnings (90.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.1yrs
Average management tenure
CEO
Stephen Oakenfull (40 yo)
0.17
Tenure
UK£429,040
Compensation
Mr. Stephen James Oakenfull, CFA, BSc (Hons), serves as Chief Executive Officer at RDI REIT P.L.C. since December 18, 2020. Mr. Oakenfull served as Deputy Chief Executive Officer of RDI REIT Plc (formerly,...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD605.05K) is about average for companies of similar size in the UK market ($USD795.37K).
Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.17yr | UK£429.04k | 0.054% £ 190.7k | |
| CFO & Director | 5.5yrs | UK£359.85k | 0.022% £ 78.0k | |
| Property Director & Executive Director | 6.92yrs | UK£154.52k | 0.039% £ 137.5k | |
| Head of Investor Relations | no data | no data | no data | |
| Group Head of Marketing | 6.08yrs | no data | no data | |
| Chief Executive Officer of Redefine BDL Hotel Group Limited | 7.75yrs | no data | no data | |
| Company Secretary | 11.08yrs | 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 | |
| Director of European Portfolio | no data | no data | no data | |
| Senior Asset Manager of European Portfolio | 6.58yrs | no data | no data | |
| Senior Asset Manager of UK Portfolio | 5.5yrs | no data | no data |
6.1yrs
Average Tenure
51.5yo
Average Age
Experienced Management: RDI's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.17yr | UK£429.04k | 0.054% £ 190.7k | |
| CFO & Director | 5.5yrs | UK£359.85k | 0.022% £ 78.0k | |
| Property Director & Executive Director | 6.92yrs | UK£154.52k | 0.039% £ 137.5k | |
| Senior Independent Non-executive Director | 0.083yr | UK£53.20k | no data | |
| Independent Chairman | 2.58yrs | UK£100.20k | no data | |
| Independent Non-executive Director | 3.25yrs | UK£53.20k | no data | |
| Alternate Director | 0.58yr | no data | no data | |
| Non-Executive Director | 0.58yr | no data | no data |
1.6yrs
Average Tenure
55yo
Average Age
Experienced Board: RDI's board of directors are not considered experienced ( 1.6 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 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£350.143m
- Shares outstanding: 380.59m
- 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 |
| WIET | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | 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: 010534...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 19:46 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2020/08/31 |
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.