Valuation UK COMMERCIAL PPTY

Equities

Market Closed - London S.E. Other stock markets 07:30:00 16/05/2024 BST			5-day change	1st Jan Change
72.90 ^GBX	-.--%		-.--%	+17.58%

05-17	Tritax Big Box REIT completes merger amid strong opening quarter	AN
05-17	UK Commercial Property REIT Shares Delisted After Tritax Big Box Merger	MT

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	1,081	1,154	896.6	970.7	758.9	805.6
Change	-	6.73%	-22.3%	8.26%	-21.82%	6.16%
Enterprise Value (EV) ¹	1,290	1,353	971.7	1,177	1,020	1,020
Change	-	4.95%	-28.2%	21.11%	-13.36%	0.02%
P/E ratio	20.4x	703x	-87.2x	4.11x	-3.41x	25.4x
PBR	0.89x	0.99x	0.8x	0.73x	0.73x	0.79x
PEG	-	-7.3x	0x	-0x	0x	-0x
Capitalization / Revenue	14.9x	14.8x	12.6x	15.1x	10.3x	11.1x
EV / Revenue	17.8x	17.3x	13.6x	18.2x	13.9x	14x
EV / EBITDA	-	-	-	-	-	-
EV / EBIT	25.7x	27.8x	25.2x	32.8x	21.5x	22.3x
EV / FCF	14.8x	-33x	20.8x	46.8x	37.8x	-73.1x
FCF Yield	6.75%	-3.03%	4.81%	2.14%	2.65%	-1.37%
Dividend per Share ²	0.0368	0.0368	0.0237	0.0268	0.0335	0.034
Rate of return	4.42%	4.14%	3.44%	3.59%	5.74%	5.48%
EPS ²	0.0408	0.001264	-0.007912	0.1818	-0.1711	0.0244
Distribution rate	90.2%	2,911%	-300%	14.8%	-19.6%	139%
Net sales ¹	72.4	78.23	71.39	64.49	73.38	72.83
EBITDA	-	-	-	-	-	-
EBIT ¹	50.27	48.66	38.6	35.89	47.39	45.67
Net income ¹	53	1.643	-10.28	236.2	-222.3	31.71
Net Debt ¹	208.5	199.5	75.11	206.2	260.8	214.2
Reference price ²	0.8320	0.8880	0.6900	0.7470	0.5840	0.6200
Nbr of stocks (in thousands)	1,299,412	1,299,412	1,299,412	1,299,412	1,299,412	1,299,412
Announcement Date	25/04/19	10/06/20	12/05/21	19/04/22	03/04/23	19/04/24