Urban Logistics Reit PLC
Urban LogisticsREIT plc (LON: SHED) has built a high quality, last mile/last touch logistics real estate portfolio with a gross asset value as at 30 September 2024 of £1.1 billion and with significant reversionary potential. Recent portfolio activity by the Company points to the ability of the asset management team to continue to achieve significant rental increases, recycle capital and acquire n… Read more
Urban Logistics Reit PLC (SHED) - Net Assets
Latest net assets as of September 2024: GBX748.36 Million GBX
Based on the latest financial reports, Urban Logistics Reit PLC (SHED) has net assets worth GBX748.36 Million GBX as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.19 Billion) and total liabilities (GBX441.04 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX748.36 Million |
| % of Total Assets | 62.92% |
| Annual Growth Rate | 62.48% |
| 5-Year Change | 193.18% |
| 10-Year Change | N/A |
| Growth Volatility | 79.75 |
Urban Logistics Reit PLC - Net Assets Trend (2017–2024)
This chart illustrates how Urban Logistics Reit PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Urban Logistics Reit PLC (2017–2024)
The table below shows the annual net assets of Urban Logistics Reit PLC from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | GBX758.64 Million | -1.44% |
| 2023-03-31 | GBX769.76 Million | -13.77% |
| 2022-03-31 | GBX892.63 Million | +130.38% |
| 2021-03-31 | GBX387.45 Million | +49.73% |
| 2020-03-31 | GBX258.76 Million | +114.78% |
| 2019-03-31 | GBX120.48 Million | +43.07% |
| 2018-03-31 | GBX84.21 Million | +231.90% |
| 2017-03-31 | GBX25.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Urban Logistics Reit PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1795.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX86.75 Million | 11.43% |
| Common Stock | GBX4.72 Million | 0.62% |
| Other Comprehensive Income | GBX228.76 Million | 30.15% |
| Other Components | GBX438.42 Million | 57.79% |
| Total Equity | GBX758.64 Million | 100.00% |
Urban Logistics Reit PLC Competitors by Market Cap
The table below lists competitors of Urban Logistics Reit PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ayo Technology Solutions Ltd
JSE:AYO
|
$88.61K |
|
GEVORKYAN as
PR:GEV
|
$88.70K |
|
A2ZCryptocap Inc.
V:AZC-P
|
$88.70K |
|
QNATECHNO
WAR:QNA
|
$88.72K |
|
BREZ39
SA:BREZ39
|
$88.40K |
|
VIVO ENERGY MAURITIUS LTD
SEM:SHEL
|
$88.38K |
|
Siljansvik AB (publ)
ST:SIVI
|
$88.35K |
|
Lake Winn Resources Corp
PINK:EQTXF
|
$88.26K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Urban Logistics Reit PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 769,760,000 to 758,645,000, a change of -11,115,000 (-1.4%).
- Net income of 24,744,000 contributed positively to equity growth.
- Dividend payments of 35,870,000 reduced retained earnings.
- Other comprehensive income decreased equity by 120,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX24.74 Million | +3.26% |
| Dividends Paid | GBX35.87 Million | -4.73% |
| Other Comprehensive Income | GBX-120.00K | -0.02% |
| Other Changes | GBX131.00K | +0.02% |
| Total Change | GBX- | -1.44% |
Book Value vs Market Value Analysis
This analysis compares Urban Logistics Reit PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 97.05x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 64.76x to 97.05x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | GBX2.41 | GBX156.00 | x |
| 2018-03-31 | GBX1.67 | GBX156.00 | x |
| 2019-03-31 | GBX1.42 | GBX156.00 | x |
| 2020-03-31 | GBX2.75 | GBX156.00 | x |
| 2021-03-31 | GBX1.77 | GBX156.00 | x |
| 2022-03-31 | GBX2.54 | GBX156.00 | x |
| 2023-03-31 | GBX1.63 | GBX156.00 | x |
| 2024-03-31 | GBX1.61 | GBX156.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Urban Logistics Reit PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.17%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.51x
- Recent ROE (3.26%) is below the historical average (8.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.45% | 214.62% | 0.04x | 1.80x | GBX1.13 Million |
| 2018 | 11.72% | 177.30% | 0.04x | 1.61x | GBX1.44 Million |
| 2019 | 15.56% | 174.05% | 0.05x | 1.64x | GBX6.70 Million |
| 2020 | 3.62% | 74.28% | 0.04x | 1.33x | GBX-16.52 Million |
| 2021 | 12.29% | 196.86% | 0.04x | 1.58x | GBX8.86 Million |
| 2022 | 19.24% | 454.29% | 0.03x | 1.32x | GBX82.51 Million |
| 2023 | -10.74% | -149.46% | 0.05x | 1.50x | GBX-159.63 Million |
| 2024 | 3.26% | 41.17% | 0.05x | 1.51x | GBX-51.12 Million |
Industry Comparison
This section compares Urban Logistics Reit PLC's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Urban Logistics Reit PLC (SHED) | GBX748.36 Million | 14.45% | 0.59x | $88.51K |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |