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Urban Logistics REIT plc
(LSE:SHED)
Urban Logistics REIT plc (SHED) vs. S&P 500 (SPY)
Urban Logistics REIT plc Business Overview & Revenue Model
Urban Logistics REIT plc Financial Statement Overview
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 60.10M | 55.30M | 37.81M | 24.18M | 12.60M | Gross Profit |
| 57.59M | 52.99M | 36.55M | 22.87M | 12.16M | EBIT |
| 41.51M | 47.71M | 26.30M | 18.51M | 6.46M | EBITDA |
| 0.00 | 47.84M | 26.39M | 18.56M | 6.48M | Net Income Common Stockholders |
| 24.74M | -82.66M | 171.77M | 47.60M | 9.36M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 31.01M | 30.16M | 127.38M | 60.46M | 132.28M | Total Assets |
| 1.15B | 1.16B | 1.18B | 611.68M | 343.29M | Total Debt |
| 359.03M | 356.49M | 248.18M | 206.20M | 76.56M | Net Debt |
| 334.81M | 326.33M | 120.80M | 145.74M | -55.72M | Total Liabilities |
| 389.30M | 387.55M | 286.43M | 224.22M | 84.53M | Stockholders Equity |
| 758.64M | 769.76M | 892.63M | 387.45M | 258.76M |
| Cash Flow | Free Cash Flow | |||
| 46.59M | 33.77M | 405.79M | 254.15M | 7.39M | Operating Cash Flow |
| 46.59M | 33.77M | 52.36M | -11.17M | 7.39M | Investing Cash Flow |
| 3.33M | -201.30M | -353.43M | -265.32M | -14.29M | Financing Cash Flow |
| -49.80M | 70.31M | 367.99M | 204.67M | 129.42M |
Urban Logistics REIT plc Technical Analysis
Urban Logistics REIT plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £3.09B | 6.34 | 11.28% | 5.93% | 38.97% | 417.46% | |
77 Outperform | £431.66M | 11.53 | 6.91% | 6.13% | 0.17% | ― | |
76 Outperform | £1.16B | 3.10 | 17.89% | 5.48% | -0.36% | 84.97% | |
72 Outperform | £573.92M | 32.14 | 2.39% | 6.16% | 4.41% | ― | |
72 Outperform | $1.72B | 6.44 | 10.91% | 5.07% | 4.34% | 33.66% | |
71 Outperform | £8.46B | 13.99 | 5.18% | 4.69% | -9.88% | ― | |
61 Neutral | $4.21B | 15.62 | -3.65% | 12.27% | 6.29% | -21.37% |
Urban Logistics REIT plc Corporate Events
Urban Logistics REIT plc has received a preliminary proposal from LondonMetric Property plc regarding a potential offer for the company. The board is reviewing the proposal with advisors, and while there is no certainty of an offer being made, stakeholders are advised to await further announcements. This development could impact Urban Logistics’ market positioning and shareholder interests, pending the outcome of the review.
Spark’s Take on GB:SHED Stock
According to Spark, TipRanks’ AI Analyst, GB:SHED is a Outperform.
Urban Logistics REIT plc receives a solid score of 72, reflecting its strong revenue growth, high gross profit margins, and effective strategic initiatives, such as acquisitions and internal management shifts. However, the company’s inconsistent profitability and liquidity volatility slightly offset these strengths. The bullish technical indicators and attractive dividend yield support the stock’s appeal, despite a high P/E ratio suggesting overvaluation.
To see Spark’s full report on GB:SHED stock, click here.
Urban Logistics REIT plc announced the acquisition of two logistics assets for £21.1 million, following recent disposals of £26.3 million. The acquisitions, located in Leeds and Liverpool, offer a blended net initial yield of 7.34%, significantly higher than the disposal yield, enhancing the company’s income and asset management opportunities. These strategic moves align with Urban Logistics’ proactive strategy to grow income and rebalance its portfolio, reinforcing its position in the logistics real estate market.
Urban Logistics REIT plc has received a requisition for a general meeting from Achilles Investment Company Limited, proposing changes to the board of directors. The current board recommends voting against these changes and plans to present shareholders with comprehensive information on the company’s potential and governance strategies. The board is also working on finalizing an internalization proposal based on shareholder feedback, aiming to enhance shareholder value.
Urban Logistics REIT plc has announced a shareholder consultation exercise regarding its proposed internalization, which aims to enhance alignment with shareholders and secure a leading logistics real estate management team. The company has also disposed of three assets for £26.3 million, reflecting a strategic move to recycle capital into higher-yielding opportunities. With 122 asset management opportunities identified, Urban Logistics is poised for significant EPS growth and capital value uplift. The company continues to benefit from strong sector dynamics, including high tenant demand and limited new space availability, positioning it well for future growth.
Urban Logistics REIT plc has announced a move towards an internalized management structure, highlighting the potential for significant rental increases and strategic asset acquisitions. The company has engaged in discussions with shareholders, who largely support the proposals, and clarified that no corporate acquisition offers have been received, though any future offers will be evaluated accordingly.
Urban Logistics REIT plc has successfully completed new lettings over five logistics units, totaling 301,000 square feet and securing an annual headline rent of £3.0 million. This activity has reduced portfolio vacancy from 8.1% to 6.2%, demonstrating strong demand in the logistics sector. The transactions, including notable leases in Doncaster and Southampton, highlight the company’s effective asset management and ability to exceed target rental levels, contributing to capital growth and enhanced property value.