LSE:SLI

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Standard Life Investments Property Income Trust

Executive Summary

The objective of the Company is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. More Details


Snowflake Analysis

Imperfect balance sheet unattractive dividend payer.


Similar Companies

Share Price & News

How has Standard Life Investments Property Income Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SLI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.7%

SLI

-1.8%

GB REITs

-2.0%

GB Market


1 Year Return

-42.1%

SLI

-22.1%

GB REITs

-17.2%

GB Market

Return vs Industry: SLI underperformed the UK REITs industry which returned -22.1% over the past year.

Return vs Market: SLI underperformed the UK Market which returned -17.2% over the past year.


Shareholder returns

SLIIndustryMarket
7 Day6.7%-1.8%-2.0%
30 Day9.0%2.2%-0.5%
90 Day-5.3%-20.0%-4.4%
1 Year-38.4%-42.1%-24.8%-22.1%-14.1%-17.2%
3 Year-32.7%-43.0%-12.7%-12.0%-10.3%-21.4%
5 Year-20.8%-39.9%-17.3%-21.6%13.4%-12.1%

Price Volatility Vs. Market

How volatile is Standard Life Investments Property Income Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Standard Life Investments Property Income Trust 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: SLI (£0.52) is trading above our estimate of fair value (£0.52)

Significantly Below Fair Value: SLI is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: SLI 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 SLI's PEG Ratio to determine if it is good value.


Price to Book Ratio

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


Next Steps

Future Growth

How is Standard Life Investments Property Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.4%

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 Standard Life Investments Property Income Trust 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 Standard Life Investments Property Income Trust performed over the past 5 years?

-17.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLI is currently unprofitable.

Growing Profit Margin: SLI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SLI is unprofitable, and losses have increased over the past 5 years at a rate of 17.2% per year.

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

Earnings vs Industry: SLI is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-20.8%).


Return on Equity

High ROE: SLI has a negative Return on Equity (-8%), as it is currently unprofitable.


Next Steps

Financial Health

How is Standard Life Investments Property Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: SLI's short term assets (£14.9M) exceed its short term liabilities (£12.1M).

Long Term Liabilities: SLI's short term assets (£14.9M) do not cover its long term liabilities (£128.6M).


Debt to Equity History and Analysis

Debt Level: SLI's debt to equity ratio (39.4%) is considered satisfactory.

Reducing Debt: SLI's debt to equity ratio has increased from 38.1% to 39.4% over the past 5 years.

Debt Coverage: SLI's debt is not well covered by operating cash flow (8.9%).

Interest Coverage: SLI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Standard Life Investments Property Income Trust current dividend yield, its reliability and sustainability?

5.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SLI's dividend (5.46%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: SLI's dividend (5.46%) is in the top 25% of dividend payers in the UK market (5.35%)


Stability and Growth of Payments

Stable Dividend: SLI's dividend payments have been volatile in the past 10 years.

Growing Dividend: SLI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (171.2%), SLI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

10.6yrs

Average management tenure


CEO

Norman Skeoch (63 yo)

5.17yrs

Tenure

Mr. Norman Keith Skeoch has been Interim Chairman at Financial Reporting Council Ltd. since October 12, 2020. He was Non-Executive Director of the Financial Reporting Council. He has been the Chief Executi ...


Leadership Team

NamePositionTenureCompensationOwnership
Colin Walklin
Group Chief Operating Officerno datano datano data
Roderick Paris
Chief Investment Officer13.75yrsno datano data
Jonathan Kennedy
Director of Change & Technology4.58yrsno datano data
Julian Coutts
Chief Scientific Officerno datano datano data
Jason Baggaley
Fund Managerno datano datano data
Andrew Milligan
Head of Global Strategy20.75yrsno datano data
Guy Stern
Global Head of Multi-Asset & Macro Investing12.5yrsno datano data
Amanda Young
Head of Responsible Investment7.08yrsno datano data
Norman Skeoch
Chief Executive Officer of Standard Life Aberdeen Plc5.17yrsno datano data
Richard Charnock
Chief Executive Officer of Standard Life Wealth7.75yrsno datano data
Colin Clark
Executive Director of Global Client Group10.58yrsno datano data
Stephen Acheson
Executive Director of Global Strategic Partnerships 10.75yrsno datano data

10.6yrs

Average Tenure

61yo

Average Age

Experienced Management: SLI's management team is seasoned and experienced (10.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Balfour
Independent Non-Executive Director3.58yrsUK£37.00k0.031%
£ 65.4k
Huw Evans
Senior Independent Director1.33yrsUK£35.00k0.015%
£ 31.4k
James Clifton-Brown
Independent Chairman0.17yrUK£35.00k0.0053%
£ 11.2k
Jill May
Independent Non-Executive Director1.58yrsUK£28.14k0.032%
£ 67.3k
Sarah Slater
Independent Non-Executive Director0.92yrUK£3.46kno data

1.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: SLI's board of directors are not considered experienced ( 1.3 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: SLI 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

Standard Life Investments Property Income Trust Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Standard Life Investments Property Income Trust Limited
  • Ticker: SLI
  • Exchange: LSE
  • Founded: 2003
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: UK£212.791m
  • Shares outstanding: 406.87m
  • Website: https://www.slipit.co.uk

Location

  • Standard Life Investments Property Income Trust Limited
  • Trafalgar Court
  • Les Banques
  • Saint Peter Port
  • GY1 3QL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SLILSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 2003
SLILBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPDec 2003

Biography

The objective of the Company is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 20:48
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.