IREIT Global
Market Cap
S$604.4m
Last Updated
2021/03/05 11:07 UTC
Data Sources
Company Financials +
Executive Summary
IREIT Global (“IREIT”) is the first Singapore-listed real estate investment trust with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe which is used primarily for office, retail and industrial (including logistics) purposes, as well as real estate-related assets. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Undervalued with mediocre balance sheet.
Share Price & News
How has IREIT Global's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UD1U is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: UD1U's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.3%
UD1U
-1.1%
SG REITs
0.3%
SG Market
1 Year Return
-19.5%
UD1U
-14.3%
SG REITs
-3.4%
SG Market
Return vs Industry: UD1U underperformed the SG REITs industry which returned -14.3% over the past year.
Return vs Market: UD1U underperformed the SG Market which returned -3.4% over the past year.
Shareholder returns
| UD1U | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.1% | 0.3% |
| 30 Day | -3.0% | -4.3% | 1.6% |
| 90 Day | -0.8% | -0.6% | 6.1% |
| 1 Year | -4.3%-19.5% | -9.9%-14.3% | 1.7%-3.4% |
| 3 Year | 11.4%-19.0% | 17.2%-2.4% | -7.1%-18.5% |
| 5 Year | 49.4%-7.2% | 45.7%7.6% | 17.8%-3.8% |
Long-Term Price Volatility Vs. Market
How volatile is IREIT Global's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Could The IREIT Global (SGX:UD1U) Ownership Structure Tell Us Something Useful?2 months ago | Simply Wall St
Need To Know: IREIT Global (SGX:UD1U) Insiders Have Been Selling Shares4 months ago | Simply Wall St
How Much Of IREIT Global (SGX:UD1U) Do Insiders Own?Valuation
Is IREIT Global undervalued compared to its fair value and its price relative to the market?
33.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UD1U (SGD0.64) is trading below our estimate of fair value (SGD0.97)
Significantly Below Fair Value: UD1U is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UD1U is good value based on its PE Ratio (14.1x) compared to the SG REITs industry average (22.2x).
PE vs Market: UD1U is good value based on its PE Ratio (14.1x) compared to the SG market (14.2x).
Price to Earnings Growth Ratio
PEG Ratio: UD1U is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: UD1U's PB Ratio (0.8x) is in line with the SG REITs industry average.
Next Steps
Future Growth
How is IREIT Global forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
14.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UD1U's forecast earnings growth (14.5% per year) is above the savings rate (2%).
Earnings vs Market: UD1U's earnings (14.5% per year) are forecast to grow slower than the SG market (25.6% per year).
High Growth Earnings: UD1U's earnings are forecast to grow, but not significantly.
Revenue vs Market: UD1U's revenue (6.1% per year) is forecast to grow slower than the SG market (9.1% per year).
High Growth Revenue: UD1U's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UD1U's Return on Equity is forecast to be low in 3 years time (6.7%).
Next Steps
Past Performance
How has IREIT Global performed over the past 5 years?
22.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UD1U has a large one-off gain of €6.6M impacting its December 31 2020 financial results.
Growing Profit Margin: UD1U's current net profit margins (51%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: UD1U's earnings have grown significantly by 22.2% per year over the past 5 years.
Accelerating Growth: UD1U's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UD1U had negative earnings growth (-71.4%) over the past year, making it difficult to compare to the REITs industry average (-29.3%).
Return on Equity
High ROE: UD1U's Return on Equity (4.5%) is considered low.
Next Steps
Financial Health
How is IREIT Global's financial position?
Financial Position Analysis
Short Term Liabilities: UD1U's short term assets (€46.3M) exceed its short term liabilities (€21.2M).
Long Term Liabilities: UD1U's short term assets (€46.3M) do not cover its long term liabilities (€306.1M).
Debt to Equity History and Analysis
Debt Level: UD1U's debt to equity ratio (59.9%) is considered high.
Reducing Debt: UD1U's debt to equity ratio has reduced from 78.6% to 59.9% over the past 5 years.
Debt Coverage: UD1U's debt is not well covered by operating cash flow (10%).
Interest Coverage: UD1U's interest payments on its debt are well covered by EBIT (6.2x coverage).
Balance Sheet
Next Steps
Dividend
What is IREIT Global current dividend yield, its reliability and sustainability?
7.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UD1U's dividend (7.8%) is higher than the bottom 25% of dividend payers in the SG market (1.97%).
High Dividend: UD1U's dividend (7.8%) is in the top 25% of dividend payers in the SG market (4.77%)
Stability and Growth of Payments
Stable Dividend: UD1U has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: UD1U's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85.8%), UD1U's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UD1U's dividends in 3 years are not forecast to be well covered by earnings (100.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average board tenure
CEO
Louis d'Estienne d'Orves
no data
Tenure
Mr. Louis d'Estienne d'Orves serves as Chief Executive Officer of IREIT Global Group Pte. Ltd. at IREIT Global.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Director of IREIT Global Group Pte Ltd | 1.92yrs | €16.56k | no data | |
| Independent Chairman of the Board of IREIT Global Group Pte Ltd | no data | €62.94k | 0.045% € 272.0k | |
| Independent Non-Executive Director of IREIT Global Group Pte Ltd | 6.67yrs | €53.00k | 0.047% € 281.3k | |
| Non-Executive Director of IREIT Global Group Pte Ltd | 0.75yr | no data | 0.0016% € 9.4k | |
| Independent Non-Executive Director of IREIT Global Group Pte Ltd | no data | no data | no data | |
| Non-Executive Director of IREIT Global Group Pte Ltd | 4.33yrs | €16.56k | 0.031% € 187.5k | |
| Independent Non-Executive Director of IREIT Global Group Pte Ltd | 7.25yrs | €48.03k | 0.022% € 136.0k |
4.3yrs
Average Tenure
59yo
Average Age
Experienced Board: UD1U's board of directors are considered experienced (4.3 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 been diluted in the past year, with total shares outstanding growing by 46.8%.
Top Shareholders
Company Information
IREIT Global's company bio, employee growth, exchange listings and data sources
Key Information
- Name: IREIT Global
- Ticker: UD1U
- Exchange: SGX
- Founded: NaN
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: S$604.395m
- Shares outstanding: 937.05m
- Website: https://www.ireitglobal.com
Location
- IREIT Global
- 1 Wallich Street
- #15-03 Guoco Tower
- Singapore
- 78881
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UD1U | SGX (Singapore Exchange) | Yes | Units | SG | SGD | Aug 2014 |
Biography
IREIT Global (“IREIT”) is the first Singapore-listed real estate investment trust with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real esta...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 11:07 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.