Standard Life Investments Property Income Trust
Market Cap
UK£387.2m
Last Updated
2020/01/22 20:43 UTC
Data Sources
Company Financials
Executive Summary
Standard Life Investments is a leading asset manager with an expanding global reach.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
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
2.5%
SLI
1.5%
GB REITs
0.2%
GB Market
1 Year Return
10.4%
SLI
16.9%
GB REITs
12.3%
GB Market
Return vs Industry: SLI underperformed the UK REITs industry which returned 16.2% over the past year.
Return vs Market: SLI underperformed the UK Market which returned 12.4% over the past year.
Shareholder returns
| SLI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 1.5% | 0.2% |
| 30 Day | 5.9% | 1.1% | 1.1% |
| 90 Day | 6.4% | 3.0% | 7.2% |
| 1 Year | 16.4%10.4% | 22.0%16.9% | 18.2%12.3% |
| 3 Year | 29.2%10.3% | 33.0%14.4% | 23.2%7.5% |
| 5 Year | 53.2%17.1% | 29.2%3.6% | 41.7%9.0% |
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
1 week ago | Simply Wall St
Can We See Significant Institutional Ownership On The Standard Life Investments Property Income Trust Limited (LON:SLI) Share Register?2 months ago | Simply Wall St
Here's Why We're Wary Of Buying Standard Life Investments Property Income Trust Limited's (LON:SLI) For Its Upcoming Dividend2 months ago | Simply Wall St
What Standard Life Investments Property Income Trust Limited's (LON:SLI) ROE Can Tell UsValuation
Is Standard Life Investments Property Income Trust undervalued compared to its fair value and its price relative to the market?
30.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SLI (£0.94) is trading below our estimate of fair value (£1.36)
Significantly Below Fair Value: SLI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SLI is poor value based on its PE Ratio (15.5x) compared to the REITs industry average (15.2x).
PE vs Market: SLI is good value based on its PE Ratio (15.2x) compared to the UK market (18.5x).
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 is overvalued based on its PB Ratio (1x) compared to the GB REITs industry average (1x).
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?
25.5%
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
- Examine whether Standard Life Investments Property Income Trust is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Standard Life Investments Property Income Trust competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Standard Life Investments Property Income Trust performed over the past 5 years?
4.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SLI has a large one-off gain of £4.4M impacting its June 30 2019 financial results.
Growing Profit Margin: SLI's current net profit margins (74.8%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: SLI's earnings have grown by 4.6% per year over the past 5 years.
Accelerating Growth: SLI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SLI had negative earnings growth (-38.7%) over the past year, making it difficult to compare to the REITs industry average (-21.1%).
Return on Equity
High ROE: SLI's Return on Equity (6.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Standard Life Investments Property Income Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SLI has a high level of physical assets or inventory.
Debt Coverage by Assets: SLI's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: SLI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SLI has a sufficient allowance for bad loans.
Low Risk Liabilities: SLI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SLI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SLI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SLI has an appropriate level of bad loans.
Next Steps
Dividend
What is Standard Life Investments Property Income Trust's current dividend yield, its reliability and sustainability?
4.99%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SLI's dividend (5.06%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: SLI's dividend (4.99%) is low compared to the top 25% of dividend payers in the UK market (5%).
Stability and Growth of Payments
Stable Dividend: SLI's dividends per share have been stable in the past 10 years.
Growing Dividend: SLI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (82%), SLI's payments are 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
What is the CEO of Standard Life Investments Property Income Trust's salary, the management and board of directors tenure and is there insider trading?
7.0yrs
Average management tenure
CEO
Norman Skeoch (62yo)
4.4yrs
Tenure
Mr. Norman Keith Skeoch has been the Chief Executive at Standard Life Aberdeen plc since March 13, 2019 and its Executive Director since May 25, 2006. Mr. Skeoch has been the Chief Executive Officer at Sta ...
Management Age and Tenure
7.0yrs
Average Tenure
60yo
Average Age
Experienced Management: SLI's management team is seasoned and experienced (7 years average tenure).
Board Age and Tenure
1.8yrs
Average Tenure
63yo
Average Age
Experienced Board: SLI's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Insider Trading
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 been diluted in the past year, with total shares outstanding growing by 2.3%.
Management Team
Norman Skeoch (62yo)
Chief Executive Officer of Standard Life Aberdeen Plc
- Tenure: 4.4yrs
Colin Walklin (65yo)
Group Chief Operating Officer
Rod Paris (60yo)
Chief Investment Officer
- Tenure: 13yrs
Julian Coutts
Chief Scientific Officer
Andrew Milligan
Head of Global Strategy
- Tenure: 20yrs
Guy Stern
Global Head of Multi-Asset & Macro Investing
- Tenure: 11.8yrs
Jason Baggaley (50yo)
Fund Manager
Amanda Young (46yo)
Head of Responsible Investment
- Tenure: 6.3yrs
Richard Charnock (60yo)
Chief Executive Officer of Standard Life Wealth
- Tenure: 7yrs
Jonathan Kennedy
Director of Change & Technology
- Tenure: 3.8yrs
Board Members
Robert Henry Peto (68yo)
Independent Chairman of the Board
- Tenure: 3.6yrs
- Compensation: UK£42.00k
Mike Balfour (70yo)
Non-Executive Director
- Tenure: 2.8yrs
- Compensation: UK£33.50k
Huw Evans (60yo)
Senior Independent Director
- Tenure: 0.6yrs
- Compensation: UK£33.50k
James Clifton-Brown (63yo)
Non-Executive Director
- Tenure: 3.4yrs
- Compensation: UK£33.50k
Jill May (57yo)
Non-Executive Director
- Tenure: 0.8yrs
Sarah Slater
Non-Executive Director
- Tenure: 0.2yrs
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£387.196m
- Shares outstanding: 405.87m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SLI | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Dec 2003 |
| SLIL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Dec 2003 |
Biography
Standard Life Investments is a leading asset manager with an expanding global reach. Our wide range of investment solutions is backed by our distinctive Focus on Change investment philosophy, disciplined risk management and shared commitment to a culture of investment excellence. As active managers, we place significant emphasis on rigorous research and a strong collaborative ethos. We constantly think ahead and strive to anticipate change before it happens, ensuring that our clients can look to the future with confidence. Standard Life Investments manages £275.2 billion* on behalf of clients worldwide. Our investment capabilities span equities, fixed income, multi-asset, private markets, real estate, liquidity and private wealth. Headquartered in Edinburgh, Standard Life Investments employs more than 1,700 talented individuals. We maintain a presence in a number of locations around the world including Boston, Hong Kong, Paris, London, Beijing, Sydney, Dublin and Seoul. In addition, we have close relationships with leading domestic players in Asia, including HDFC Asset Management in India and Sumitomo Mitsui Trust Bank in Japan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/22 20:43 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.