Financial Ratios abrdn Property Income Trust Limited

Equities

SLI

GB0033875286

Commercial REITs

Market Closed - London S.E. Other stock markets 16:35:20 06/09/2024 BST			5-day change	1st Jan Change
56.10 ^GBX	-0.36%		-0.53%	+5.85%

08-28	Abrdn Property Income sells Dover industrial asset for GBP9.5 million	AN
08-28	Abrdn Property Income Trust Completes UK Industrial Asset Sale	MT

692bdd91507765286d3e04e.ls9Iz8YxmM1IaaLZJwB3yx_n1YTpxCwjMK0RMhxwFTY.o6sxtaFm0pwAGvCPSDcBslOdnMqsnEhKQcZ_Wi5Id276jhiH833KqxsOzQ

Published financial data: ABRDN PROPERTY INCOME TRUST LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Rental Revenues	29.88M	29.44M	26.49M	26.7M	27.55M
Gain (Loss) on Sale of Assets, Total (Rev)	427K	-4.81M	-634K	-	-
Other Revenues, Total	3.31M	3.54M	4.1M	4.41M	4.88M
Total Revenues	33.62M	28.18M	29.95M	31.11M	32.44M
Property Expenses	9.84M	11.73M	10.91M	12.15M	11.4M
Selling General & Admin Expenses, Total	840K	868K	1.08M	1.13M	1.14M
Provision for Bad Debts	-	-	406K	-852K	-213K
Other Operating Expenses	-580K	-21.25K	-	-	1.73M
Total Operating Expenses	10.1M	12.58M	12.4M	12.43M	14.05M
Operating Income (REIT / Utility Template)	23.52M	15.6M	17.55M	18.68M	18.39M
Interest Expense, Total	-3.78M	-3.74M	-3.18M	-3.36M	-7.51M
Interest and Investment Income	15.86K	3.9K	763	27.54K	92.18K
Net Interest Expenses	-3.76M	-3.74M	-3.18M	-3.34M	-7.42M
Other Non Operating Income (Expenses)	-	-	-329K	-3.87M	-184K
EBT, Excl. Unusual Items	19.76M	11.86M	14.05M	11.47M	10.78M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-207K	-279K
Asset Writedown	-3.61M	-27.64M	71.69M	-62.32M	-18.77M
EBT, Incl. Unusual Items	16.14M	-15.78M	85.73M	-51.05M	-8.27M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	16.14M	-15.78M	85.73M	-51.05M	-8.27M
Net Income to Company	16.14M	-15.78M	85.73M	-51.05M	-8.27M
Net Income - (IS)	16.14M	-15.78M	85.73M	-51.05M	-8.27M
Net Income to Common Incl Extra Items	16.14M	-15.78M	85.73M	-51.05M	-8.27M
Net Income to Common Excl. Extra Items	16.14M	-15.78M	85.73M	-51.05M	-8.27M
Per Share Items
Net EPS - Basic	0.04	-0.04	0.22	-0.13	-0.02
Basic EPS - Continuing Operations	0.04	-0.04	0.22	-0.13	-0.02
Basic Weighted Average Shares Outstanding	406M	407M	398M	390M	381M
Net EPS - Diluted	0.04	-0.04	0.22	-0.13	-0.02
Diluted EPS - Continuing Operations	0.04	-0.04	0.22	-0.13	-0.02
Diluted Weighted Average Shares Outstanding	406M	407M	398M	390M	381M
Normalized Basic EPS	0.03	0.02	0.02	0.02	0.02
Normalized Diluted EPS	0.03	0.02	0.02	0.02	0.02
Dividend Per Share	0.05	0.03	0.04	0.04	0.04
Payout Ratio	119.67	-98.17	17.52	-30.58	-184.43
Supplemental Items
EBITA	23.52M	15.6M	17.55M	18.68M	18.39M
EBIT	23.52M	15.6M	17.55M	18.68M	18.39M
Total Revenues (As Reported)	-	-	-	25.53M	26.08M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	12.35M	7.41M	8.78M	7.17M	6.74M
Interest on Long-Term Debt	3.2M	2.71M	1.79M	3.48M	8.42M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	227K	223K
Selling and Marketing Expenses	-	-	-	227K	223K
General and Administrative Expenses	840K	868K	1.08M	908K	914K
Maintenance & Repair Expenses, Total	-	-	-	1.74M	418K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Net Property Plant And Equipment	478M	428M	492M	409M	397M
Total Real Estate Assets	478M	428M	492M	409M	397M
Cash And Equivalents	6.48M	9.38M	13.82M	15.87M	6.65M
Accounts Receivable, Total	2.6M	6.02M	5.42M	4.71M	3.74M
Other Receivables	993K	4.05M	5.54M	2.49M	2.06M
Investment In Debt and Equity Securities	-	-	-	2.21M	560K
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	11.02M	5.04M	65.72K	258K	35.4M
Trading Asset Securities, Total	-	-	-	1.58M	849K
Other Long-Term Assets, Total	6.82M	6.74M	9.71M	9.11M	10.2M
Total Assets	506M	460M	527M	445M	456M
Liabilities
Current Portion of Long-Term Debt	644K	1.47M	547K	-	-
Current Portion of Leases	-	-	-	-	-
Long-Term Debt	129M	112M	110M	109M	141M
Long-Term Leases	904K	903K	901K	900K	1.81M
Accounts Payable, Total	2.8M	3.3M	6.49M	4.66M	7.02M
Accrued Expenses, Total	381K	1.68M	1.7M	629K	657K
Unearned Revenue, Current	5.73M	7.37M	5.37M	5.34M	6.04M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	321K	737K	65.72K	258K	299K
Other Non Current Liabilities	1.3M	856K	904K	752K	895K
Total Liabilities	141M	128M	126M	122M	158M
Common Stock, Total	227M	228M	228M	228M	228M
Retained Earnings	6.17M	7.34M	8.52M	4.38M	-
Treasury Stock	-	-1.45M	-5.99M	-18.4M	-18.4M
Comprehensive Income and Other	131M	97.23M	170M	109M	88.1M
Total Common Equity	365M	332M	401M	323M	298M
Total Equity	365M	332M	401M	323M	298M
Total Liabilities And Equity	506M	460M	527M	445M	456M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	407M	397M	397M	381M	381M
ECS Total Common Shares Outstanding	406M	404M	397M	381M	381M
Book Value / Share	0.9	0.82	1.01	0.85	0.78
Tangible Book Value	365M	332M	401M	323M	298M
Tangible Book Value Per Share	0.9	0.82	1.01	0.85	0.78
Total Debt	130M	114M	111M	110M	143M
Net Debt	124M	105M	97.37M	92.57M	136M
Account Code - Inventory Valuation	3	3	3	3	3
Accumulated Allowance for Doubtful Accounts (Supple)	139K	2.58M	2.99M	2.14M	832K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	16.14M	-15.78M	85.73M	-51.05M	-8.27M
Amortization of Deferred Charges, Total	217K	226K	181K	205K	254K
(Gain) Loss On Sale of Asset - (CF)	-427K	4.81M	634K	207K	279K
Total Asset Writedown	3.61M	27.64M	-71.69M	62.32M	18.77M
Change in Accounts Receivable	-400K	-6.45M	-270K	3.72M	1.21M
Change in Accounts Payable	-2.22M	3.42M	536K	-3.24M	2.35M
Change in Other Net Operating Assets (Collected)	-1.88M	-1.69M	-2.97M	-841K	-984K
Other Operating Activities	3.54M	3.51M	4.85M	7M	7.35M
Cash from Operations	18.59M	15.69M	17.01M	18.32M	20.97M
Acquisition of Real Estate Assets, Total	-30.44M	-26.25M	-21.56M	-19.09M	-47.2M
Sale of Real Estate Assets, Total	35.07M	50.97M	31.84M	41.14M	6.12M
Net Sale / Acquisition of Real Estate Assets	4.63M	24.73M	10.28M	22.06M	-41.08M
Cash Acquisitions	-	-	-	-	-
Other Investing Activities, Total	15.86K	3.9K	763	27.54K	92.18K
Cash from Investing	4.65M	24.73M	10.28M	22.08M	-40.99M
Short Term Debt Issued, Total	-	-	-	17M	-
Long-Term Debt Issued, Total	1M	27M	-	-	148M
Total Debt Issued	1M	27M	-	17M	148M
Short Term Debt Repaid, Total	-	-	-	-17M	-
Long-Term Debt Repaid, Total	-3M	-45M	-	-24.47K	-116M
Total Debt Repaid	-3M	-45M	-	-17.02M	-116M
Issuance of Common Stock	-	960K	-	-	-
Repurchase of Common Stock	-	-1.45M	-4.54M	-12.41M	-
Common Dividends Paid	-19.32M	-15.49M	-15.02M	-15.61M	-15.25M
Common & Preferred Stock Dividends Paid	-19.32M	-15.49M	-15.02M	-15.61M	-15.25M
Other Financing Activities, Total	-3.71M	-3.53M	-3.29M	-10.31M	-5.83M
Cash from Financing	-25.03M	-37.51M	-22.85M	-38.35M	10.8M
Net Change in Cash	-1.79M	2.91M	4.43M	2.05M	-9.22M
Supplemental Items
Cash Interest Paid	2.99M	2.48M	1.87M	2.96M	7.45M
Net Debt Issued / Repaid	-2M	-18M	-	-24.47K	31.87M
Levered Free Cash Flow	208K	11.01M	13.76M	10.61M	-23.55M
Unlevered Free Cash Flow	2.35M	13.12M	15.57M	12.5M	-19.11M
Change In Net Working Capital	12.35M	-3.38M	-4.6M	-829K	30.61M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.89	2.02	2.22	2.4	2.55
Return on Total Capital	2.96	2.07	2.29	2.47	2.63
Return On Equity %	4.4	-4.53	23.41	-14.1	-2.66
Return on Common Equity	4.4	-4.53	23.41	-14.1	-2.66
Margin Analysis
Gross Profit Margin %	70.73	58.36	63.58	60.95	64.87
SG&A Margin	2.5	3.08	3.62	3.65	3.5
EBITA Margin %	69.96	55.36	58.61	60.04	56.69
EBIT Margin %	69.96	55.36	58.61	60.04	56.69
Income From Continuing Operations Margin %	48.02	-56.01	286.27	-164.11	-25.49
Net Income Margin %	48.02	-56.01	286.27	-164.11	-25.49
Net Avail. For Common Margin %	48.02	-56.01	286.27	-164.11	-25.49
Normalized Net Income Margin	36.73	26.3	29.31	23.05	20.78
Levered Free Cash Flow Margin	0.62	39.07	45.96	34.09	-72.62
Unlevered Free Cash Flow Margin	6.99	46.58	51.99	40.19	-58.93
Asset Turnover
Asset Turnover	0.07	0.06	0.06	0.06	0.07
Fixed Assets Turnover	0.07	0.06	0.07	0.07	0.08
Receivables Turnover (Average Receivables)	10.79	6.83	4.63	5.27	6.52
Short Term Liquidity
Current Ratio	2.14	1.68	1.75	2.29	3.47
Quick Ratio	1.02	1.33	1.75	2.27	0.95
Operating Cash Flow to Current Liabilities	1.88	1.08	1.2	1.68	1.5
Days Sales Outstanding (Average Receivables)	33.82	53.58	78.82	69.26	56
Average Days Payable Outstanding	132.05	95.13	163.83	167.42	187.04
Long Term Solvency
Total Debt/Equity	35.76	34.44	27.74	34.03	47.99
Total Debt / Total Capital	26.34	25.62	21.72	25.39	32.43
LT Debt/Equity	35.58	34	27.6	34.03	47.99
Long-Term Debt / Total Capital	26.21	25.29	21.61	25.39	32.43
Total Liabilities / Total Assets	27.87	27.88	23.87	27.34	34.64
EBIT / Interest Expense	6.23	4.17	5.52	5.55	2.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.41	-16.19	6.29	1.72	4.27
Gross Profit, 1 Yr. Growth %	3.36	-30.85	0.81	-4.13	10.5
EBITA, 1 Yr. Growth %	5.48	-33.68	12.52	2.57	-1.56
EBIT, 1 Yr. Growth %	5.48	-33.68	12.52	2.57	-1.56
Earnings From Cont. Operations, 1 Yr. Growth %	-47.83	-197.76	-643.23	-159.55	-83.81
Net Income, 1 Yr. Growth %	-47.83	-197.76	-643.23	-159.55	-83.81
Diluted EPS Before Extra, 1 Yr. Growth %	-48.18	-197.57	-654.99	-160.85	-83.45
Normalized Net Income, 1 Yr. Growth %	4.6	-39.98	18.45	-21.86	-5.99
Net Property, Plant and Equip., 1 Yr. Growth %	-3.51	-10.35	14.85	-16.93	-2.97
Accounts Receivable, 1 Yr. Growth %	-11.48	131.55	-9.99	-13.02	-20.61
Total Assets, 1 Yr. Growth %	-1.25	-9.12	14.56	-15.5	2.5
Common Equity, 1 Yr. Growth %	-1.24	-9.13	20.92	-19.35	-7.8
Tangible Book Value, 1 Yr. Growth %	-1.24	-9.13	20.92	-19.35	-7.8
Cash From Operations, 1 Yr. Growth %	-50.34	-15.65	8.42	7.57	14.46
Levered Free Cash Flow, 1 Yr. Growth %	-99.62	5.2K	23.08	-25.11	-322.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-95.8	458.12	18.64	-21.77	-252.87
Dividend Per Share, 1 Yr. Growth %	0	-30	10.37	8.77	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.96	-5.12	-5.62	5.07	2.99
Gross Profit, 2 Yr. CAGR %	0.96	-15.45	-10.51	0.19	3.14
EBITA, 2 Yr. CAGR %	1.92	-16.36	-13.62	9.43	0.49
EBIT, 2 Yr. CAGR %	1.92	-16.36	-13.62	9.43	0.49
Earnings From Cont. Operations, 2 Yr. CAGR %	-38.34	-28.59	130.44	79.86	-68.95
Net Income, 2 Yr. CAGR %	-38.34	-28.59	130.44	79.86	-68.95
Diluted EPS Before Extra, 2 Yr. CAGR %	-39.62	-28.89	132.7	83.76	-68.27
Normalized Net Income, 2 Yr. CAGR %	1.2	-20.77	-15.69	-1.64	-14.29
Net Property, Plant and Equip., 2 Yr. CAGR %	8.72	-6.99	1.47	-2.33	-10.22
Accounts Receivable, 2 Yr. CAGR %	35.25	43.16	44.37	-11.52	-16.9
Total Assets, 2 Yr. CAGR %	3.87	-5.27	2.04	-1.61	-6.94
Common Equity, 2 Yr. CAGR %	2.68	-5.27	4.83	-1.25	-13.77
Tangible Book Value, 2 Yr. CAGR %	2.68	-5.27	4.83	-1.25	-13.77
Cash From Operations, 2 Yr. CAGR %	78.06	-35.28	-4.37	8.07	10.96
Levered Free Cash Flow, 2 Yr. CAGR %	54.31	-54.86	714.35	-2.62	28.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	7.77	-51.59	157.32	-2.39	9.36
Dividend Per Share, 2 Yr. CAGR %	0	-16.33	-12.1	9.57	4.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.21	-2	-1.46	-2.55	4.8
Gross Profit, 3 Yr. CAGR %	-3.97	-11.01	-6.11	-7.27	3.66