Standard Life Investments Property Income Trust
Market Cap
UK£241.8m
Last Updated
2021/01/24 19:28 UTC
Data Sources
Company Financials
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
Rewards
Risk Analysis
Snowflake Analysis
Unattractive dividend payer with imperfect balance sheet.
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 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SLI's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.0%
SLI
-0.8%
GB REITs
-0.5%
GB Market
1 Year Return
-37.4%
SLI
-18.4%
GB REITs
-8.2%
GB Market
Return vs Industry: SLI underperformed the UK REITs industry which returned -18.4% over the past year.
Return vs Market: SLI underperformed the UK Market which returned -8.2% over the past year.
Shareholder returns
| SLI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | -0.8% | -0.5% |
| 30 Day | 1.4% | -2.1% | 2.9% |
| 90 Day | 15.9% | 9.3% | 15.2% |
| 1 Year | -33.5%-37.4% | -20.3%-18.4% | -4.5%-8.2% |
| 3 Year | -26.3%-37.4% | -7.8%-7.7% | 3.7%-9.0% |
| 5 Year | -10.7%-31.3% | 0.4%-4.1% | 42.1%14.4% |
Long-Term 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
2 months ago | Simply Wall St
Do Institutions Own Standard Life Investments Property Income Trust Limited (LON:SLI) Shares?4 months ago | Simply Wall St
Standard Life Investments Property Income Trust's (LON:SLI) Stock Price Has Reduced 42% In The Past Three Years6 months ago | Simply Wall St
Are Institutions Heavily Invested In Standard Life Investments Property Income Trust Limited's (LON:SLI) Shares?Valuation
Is Standard Life Investments Property Income Trust undervalued compared to its fair value and its price relative to the market?
5.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SLI (£0.6) is trading below our estimate of fair value (£0.63)
Significantly Below Fair Value: SLI is trading below fair value, but not by a significant amount.
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 (0.8x) 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?
45.3%
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
- Take a look at our analysis of SLI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- 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?
-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 (-16.9%).
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?
4.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SLI's dividend (4.78%) is higher than the bottom 25% of dividend payers in the UK market (1.53%).
High Dividend: SLI's dividend (4.78%) is in the top 25% of dividend payers in the UK market (4.57%)
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?
10.8yrs
Average management tenure
CEO
Norman Skeoch (63 yo)
5.42yrs
Tenure
Mr. Norman Keith Skeoch served as the Director and Chief Executive Officer at Aberdeen Asset Managers Limited. He has also been Interim Chairman at Financial Reporting Council Ltd. since October 12, 2020. ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Operating Officer | no data | no data | no data | |
| Chief Investment Officer | 14yrs | no data | no data | |
| Director of Change & Technology | 4.83yrs | no data | no data | |
| Chief Scientific Officer | no data | no data | no data | |
| Fund Manager | no data | no data | no data | |
| Head of Global Strategy | 21yrs | no data | no data | |
| Global Head of Multi-Asset & Macro Investing | 12.75yrs | no data | no data | |
| Head of Responsible Investment | 7.33yrs | no data | no data | |
| Chief Executive Officer of Standard Life Aberdeen Plc | 5.42yrs | no data | no data | |
| Chief Executive Officer of Standard Life Wealth | 8yrs | no data | no data | |
| Executive Director of Global Client Group | 10.83yrs | no data | no data | |
| Executive Director of Global Strategic Partnerships | 11yrs | no data | no data |
10.8yrs
Average Tenure
61yo
Average Age
Experienced Management: SLI's management team is seasoned and experienced (10.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 3.83yrs | UK£37.00k | 0.031% £ 74.8k | |
| Senior Independent Director | 1.58yrs | UK£35.00k | 0.015% £ 35.9k | |
| Independent Chairman | 0.42yr | UK£35.00k | 0.0053% £ 12.9k | |
| Independent Non-Executive Director | 1.83yrs | UK£28.14k | 0.032% £ 76.9k | |
| Independent Non-Executive Director | 1.17yrs | UK£3.46k | no data |
1.6yrs
Average Tenure
62.5yo
Average Age
Experienced Board: SLI'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.
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£241.781m
- Shares outstanding: 404.32m
- 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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 19:28 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.