Uk Commercial Property R... Fundamentals and Key Ratios

Company name:	Uk Commercial Property Reit Limited
EPIC:	UKCM	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB00B19Z2J52
Market Segment:	STMM	Share Type:	DE
WWW Address:	https://www.ukcpreit.com/	Description:	ORD 25P
Industry Sector:	REAL ESTATE INVESTMENT & SERVICES

Price	Price Change [%]	Bid	Ask	Open	High	Low	Volume
51.40	-0.5 [-0.96]	51.00	51.30	52.10	52.20	50.90	3,597,921
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
667.90	1,299.41	0.02	18.18	1.78	2.83	3.46	95.60 - 48.95

Uk Commercial Property R... Key Figures

Key Figures
(at previous day's close)
Market Cap.	667.90	m
Shares In Issue	1,299.41	m
Prev. Close	51.90
PE Ratio	2.83
Dividend Yield	3.46	%
EPS - basic	18.18	p
Dividend PS	1.78	p
Dividend Cover	10.21
Cash Flow PS	-9.52	p
Return On Equity (ROE)	17.83	%
Operating Margin	88.59	%
PEG Factor	0.00
EPS Growth Rate	2,401.27	%
Dividends PS Growth Rate	-6.81	%
Net Debt	233.90	m
Gross Gearing	17.24	%
Quick Assets	92.88	m
Net Working Capital	65.19	m
Intangibles / Fixed Assets	-	%
Turnover PS	20.52	p
Pre-Tax Profit PS	18.18	p
Retained Profit PS	15.26	p
Cash PS	3.24	p
Net Cash PS	1.11	p
Net Tangible Asset Value PS *	101.99	p
Net Asset Value PS	102.00	p
Spread	0.30 (0.58%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Uk Commercial Property R... Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	52.30	49.20
4 weeks	55.90	48.95
12 weeks	61.10	48.95
1 year	95.60	48.95

Share Price Chart (5 years)

Uk Commercial Property R... Historic Returns

%1$s Historic Returns
Giorni da oggi ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	51.50	-0.10	-0.19	49.20	2.39		50.93
4 weeks	55.90	-4.50	-8.05	48.95	2.46		52.00
12 weeks	61.00	-9.60	-15.74	48.95	2.13		54.80
26 weeks	55.20	-3.80	-6.88	48.95	2.21		57.31
1 year	86.50	-35.10	-40.58	48.95	2.57		69.63
3 years	72.20	-20.80	-28.81	48.95	2.26		71.05
5 years	89.90	-38.50	-42.83	47.40	1.97		75.62
† periods calculated are whole weeks rather than calendar months

Uk Commercial Property R... Key Management Ratios

DEEPER ANALYSIS

Uk Commercial Property R... Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	2.83
Tobin's Q Ratio	0.45
Tobin's Q Ratio (excl. intangibles)	0.45
Dividend Yield	3.46	%
Market-to-Book Ratio	0.50
Price-to-Pre-Tax Profit PS	2.83
Price-to-Retained Profit PS	3.37
Price-to-Cash Flow PS	-5.40
Price-to-Sales PS	2.50
Price-to-Net Tangible Asset Value PS	0.50
Price-to-Cash PS	15.86
Net Working Capital PS	5.02
Price Pct to Working Capital PS	10.25	%
Earnings Yield	35.37	%
Average PE	179.08
Years in average	4
PE to PE average	1.58	%

Uk Commercial Property R... Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	15.78	%
Debt-to-Equity Ratio	0.19
Debt-to-Equity Ratio (excl. Intgbl)	0.19
Debt-to-Equity Market Value	0.37
Net Gearing	14.61	%
Net Gearing (excl. Intangibles)	14.61	%
Gross Gearing	17.24	%
Gross Gearing (excl. Intangibles)	17.24	%
Gearing Under 1 Year	1.73	%
Gearing Under 1 Year (excl. Intgbl)	1.73	%
Assets/Equity	1.21
Cash/Equity	3.18
(Liquidity Ratios)
Net Working Capital to Total Assets	4.07	%
Current Ratio	3.35
Quick Ratio (Acid Test)	3.35
Liquidity Ratio	1.52
Cash & Equiv/Current Assets	45.35	%
(Solvency Ratios)
Enterprise Value	874.10	m
CFO/Sales	-0.46
CFO/Attributable Profit	-
CFO/Assets	-0.08
CFO/Debt	-0.45
Total Debt/Equity Market Value	0.41
Total Debt/Sales	1.04
Total Debt/Pre-Tax Profit	1.17
Total Debt	276.02	m
Total Debt/Net Current Assets	4.23	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	419.06	%
5 yr Compound Earnings Growth	12.43	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	9

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.0151	0.0095

Uk Commercial Property R... Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	15.01	%
Return On Assets (ROA)	15.99	%
Net Profit Margin	88.59	%
Assets Turnover	0.18
Return On Equity (ROE)	17.83	%
Return On Investment (ROI)	16.30	%
Dividend Payout Ratio	9.79	%
Plowback Ratio	90.21	%
Growth from Plowback Ratio	17.38	%
Net Income Of Revenues	74.35	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.22
Fixed Assets Turnover	0.20
Current Assets Turnover	1.95
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	5.54
Debtors-to-Sales	18.41	%
Debt Collection Period	67.21	Days

Uk Commercial Property R... Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
10 Aug 2022	Interim	GBX	0.85	12/30/2021	06/30/2022	08/18/2022	08/19/2022	08/31/2022	-
10 Aug 2022	Special	GBX	1.92	12/30/2021	06/30/2022	08/18/2022	08/19/2022	08/31/2022	-
04 May 2022	Interim	GBX	0.80	12/01/2021	03/31/2022	05/12/2022	05/13/2022	05/27/2022	-
03 Feb 2022	Interim	GBX	0.28	12/31/2020	12/31/2021	02/10/2022	02/11/2022	02/25/2022	1.78
04 Nov 2021	Interim	GBX	0.22	05/30/2021	09/30/2021	11/11/2021	11/12/2021	11/26/2021	-
05 Aug 2021	Interim	GBX	0.64	12/30/2020	06/30/2021	08/12/2021	08/13/2021	08/27/2021	-
05 May 2021	Interim	GBX	0.64	12/01/2020	03/31/2021	05/13/2021	05/14/2021	05/28/2021	-
23 Apr 2021	Interim	GBX	0.53	12/31/2019	12/31/2020	05/06/2021	05/07/2021	05/21/2021	1.91
05 Nov 2020	Interim	GBX	0.46	05/30/2020	09/30/2020	11/12/2020	11/13/2020	11/30/2020	-
06 Aug 2020	Interim	GBX	0.46	12/30/2019	06/30/2020	08/13/2020	08/14/2020	08/28/2020	-
06 May 2020	Interim	GBX	0.46	12/01/2019	03/31/2020	05/14/2020	05/15/2020	05/29/2020	-
06 Feb 2020	Interim	GBX	0.92	12/31/2018	12/31/2019	02/13/2020	02/14/2020	02/28/2020	3.68
06 Nov 2019	Interim	GBX	0.92	05/30/2019	09/30/2019	11/14/2019	11/15/2019	11/29/2019	-
01 Aug 2019	Interim	GBX	0.92	12/30/2018	06/30/2019	08/15/2019	08/16/2019	08/30/2019	-
02 May 2019	Interim	GBX	0.92	12/01/2018	03/31/2019	05/16/2019	05/17/2019	05/31/2019	-
07 Feb 2019	Interim	GBX	0.92	12/31/2017	12/31/2018	02/14/2019	02/15/2019	02/28/2019	3.68
02 Nov 2018	Interim	GBX	0.92	05/30/2018	09/30/2018	11/15/2018	11/16/2018	11/30/2018	-
02 Aug 2018	Interim	GBX	0.92	12/30/2017	06/30/2018	08/16/2018	08/17/2018	08/31/2018	-
03 May 2018	Interim	GBX	0.92	12/01/2017	03/31/2018	05/17/2018	05/18/2018	05/31/2018	-
01 Feb 2018	Interim	GBX	0.92	12/31/2016	12/31/2017	02/08/2018	02/09/2018	02/28/2018	3.68
26 Oct 2017	Interim	GBX	0.92	05/30/2017	09/30/2017	11/09/2017	11/10/2017	11/30/2017	-
28 Jul 2017	Interim	GBX	0.92	12/30/2016	06/30/2017	08/10/2017	08/11/2017	08/31/2017	-
26 Apr 2017	Interim	GBX	0.92	12/01/2016	03/31/2017	05/18/2017	05/19/2017	05/31/2017	-
08 Feb 2017	Interim	GBX	0.92	12/31/2015	12/31/2016	02/16/2017	02/17/2017	02/28/2017	3.68
10 Oct 2016	Interim	GBX	0.92	05/30/2016	09/30/2016	11/10/2016	11/11/2016	11/30/2016	-
26 Jul 2016	Interim	GBX	0.92	12/30/2015	06/30/2016	08/11/2016	08/12/2016	08/31/2016	-
27 Apr 2016	Interim	GBX	0.92	12/01/2015	03/31/2016	05/12/2016	05/13/2016	05/31/2016	-
29 Jan 2016	Interim	GBX	0.92	12/31/2014	12/31/2015	02/11/2016	02/12/2016	02/26/2016	3.68
30 Oct 2015	Interim	GBX	0.92	05/30/2015	09/30/2015	11/12/2015	11/13/2015	11/30/2015	-
06 May 2015	Interim	GBX	0.92	12/01/2014	03/31/2015	05/14/2015	05/15/2015	05/29/2015	-
12 Feb 2015	Interim	GBX	0.92	12/31/2013	12/31/2014	02/19/2015	02/20/2015	02/27/2015	3.68
16 Oct 2014	Interim	GBX	0.92	05/30/2014	09/30/2014	11/06/2014	11/07/2014	11/28/2014	-
22 Jul 2015	Interim	GBX	0.92	12/30/2013	06/30/2014	08/13/2015	08/14/2015	08/28/2015	-
16 Jul 2014	Interim	GBX	0.92	12/30/2013	06/30/2014	08/06/2014	08/08/2014	08/29/2014	-
29 Apr 2014	Interim	GBX	0.92	12/01/2013	03/31/2014	05/07/2014	05/09/2014	05/30/2014	-
04 Feb 2014	Interim	GBX	1.32	12/31/2012	12/31/2013	02/12/2014	02/14/2014	02/28/2014	5.25
06 Nov 2013	Interim	GBX	1.31	05/30/2013	09/30/2013	11/13/2013	11/15/2013	11/29/2013	-
09 Jul 2013	Interim	GBX	1.31	12/30/2012	06/30/2013	08/07/2013	08/09/2013	08/30/2013	-
26 Apr 2013	Interim	GBX	1.31	12/01/2012	03/31/2013	05/08/2013	05/10/2013	05/31/2013	-
20 Mar 2013	Interim	GBX	1.32	12/31/2011	12/31/2012	02/11/2013	02/13/2013	02/28/2013	5.25
30 Oct 2012	Interim	GBX	1.31	12/31/2011	12/31/2012	11/14/2012	11/16/2012	11/30/2012	-
19 Jul 2012	Interim	GBX	1.31	12/31/2011	12/31/2012	08/08/2012	08/10/2012	08/31/2012	-
26 Apr 2012	Interim	GBX	1.31	12/31/2011	12/31/2012	05/09/2012	05/11/2012	05/31/2012	-
02 Feb 2012	Interim	GBX	1.32	12/31/2010	12/31/2011	02/08/2012	02/10/2012	02/28/2012	5.25
01 Nov 2011	Interim	GBX	1.31	12/31/2010	12/31/2011	11/09/2011	11/11/2011	11/30/2011	-
02 Aug 2011	Interim	GBX	1.31	12/31/2010	12/31/2011	08/10/2011	08/12/2011	08/31/2011	-
03 May 2011	Interim	GBX	1.31	12/31/2010	12/31/2011	05/11/2011	05/13/2011	05/31/2011	-
01 Feb 2011	Interim	GBX	1.31	12/31/2009	12/31/2010	02/09/2011	02/11/2011	02/28/2011	5.24
27 Oct 2010	Interim	GBX	1.31	12/31/2009	12/31/2010	11/10/2010	11/12/2010	11/30/2010	-
22 Jul 2010	Interim	GBX	1.31	12/31/2009	12/31/2010	07/28/2010	07/30/2010	08/27/2010	-
04 May 2010	Interim	GBX	0.71	12/31/2009	12/31/2010	05/12/2010	05/14/2010	05/28/2010	-
28 Jan 2010	Interim	GBX	0.60	12/31/2009	12/31/2010	02/03/2010	02/05/2010	05/28/2010	-
28 Jan 2010	Interim	GBX	0.90	12/31/2008	12/31/2009	02/03/2010	02/05/2010	02/26/2010	5.25
15 Oct 2009	Interim	GBX	1.73	12/31/2008	12/31/2009	10/21/2009	10/23/2009	11/30/2009	-
06 Aug 2009	Interim	GBX	1.31	12/31/2008	12/31/2009	08/12/2009	08/14/2009	08/28/2009	-
07 May 2009	Interim	GBX	1.31	12/31/2008	12/31/2009	05/13/2009	05/15/2009	05/29/2009	-
04 Feb 2009	Final	GBX	1.31	12/31/2007	12/31/2008	02/11/2009	02/13/2009	02/27/2009	5.25
04 Nov 2008	Final	GBX	1.31	12/31/2007	12/31/2008	02/11/2009	02/13/2009	02/27/2009	5.25
07 Aug 2008	Final	GBX	1.31	12/31/2007	12/31/2008	02/11/2009	02/13/2009	02/27/2009	5.25
07 May 2008	Final	GBX	1.31	12/31/2007	12/31/2008	02/11/2009	02/13/2009	02/27/2009	5.25
02 Apr 2008	Final	GBX	1.31	12/31/2006	12/31/2007	02/15/2008	02/17/2008	02/29/2008	6.70
01 Aug 2007	Interim	GBX	1.31	06/30/2006	06/30/2007	08/15/2007	08/17/2007	08/31/2007	-
02 May 2007	Interim	GBX	0.45	06/30/2006	06/30/2007	05/09/2007	05/11/2007	05/31/2007	-
15 Feb 2007	Interim	GBX	0.86	06/30/2006	06/30/2007	02/21/2007	02/23/2007	05/31/2007	-
13 Feb 2007	Interim	GBX	1.45	06/30/2006	06/30/2007	02/21/2007	02/23/2007	03/09/2007	-

Uk Commercial Property R... Fundamentals

Profit and Loss Account
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
turnover	91.34	100.00%	78.23	100.00%	71.39	100.00%	266.65	100.00%	m
pre tax profit	58.84	64.41%	1.69	2.16%	-10.28	-14.40%	236.23	88.59%	m
attributable profit	53.01	58.03%	1.64	2.10%	-10.28	-14.40%	236.23	88.59%	m
retained profit	10.00	10.94%	-46.18	-59.03%	-40.17	-56.26%	198.25	74.35%	m
eps - basic (p)	4.08		0.13		-0.79		18.18
eps - diluted (p)	4.08		0.13		-0.79		18.18
dividends per share	3.68		3.68		1.91		1.78

Uk Commercial Property R... Balance Sheet

Balance Sheet
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)


	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	1,431.02	95.51%	1,309.54	91.09%	1,172.81	86.68%	1,508.37	94.20%	m
current assets - other	-	-%	48.85	3.40%	10.00	0.74%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	23.77	1.59%	30.26	2.10%	47.43	3.51%	50.76	3.17%	m
cash & securities	43.51	2.90%	48.98	3.41%	122.74	9.07%	42.12	2.63%	m

TOTAL	1,498.29	100%	1,437.64	100%	1,352.99	100%	1,601.25	100%	m

LIABILITIES
creditors - short	36.01	2.40%	23.05	1.60%	28.16	2.08%	27.70	1.73%	m
creditors - long	249.66	16.66%	247.45	17.21%	197.85	14.62%	248.33	15.51%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	285.67	19.07%	270.49	18.82%	226.01	16.70%	276.02	17.24%	m

EQUITY
ord cap, reserves	1,212.62	80.93%	1,167.14	81.18%	1,126.98	83.30%	1,325.23	82.76%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	1,212.62	80.93%	1,167.14	81.18%	1,126.98	83.30%	1,325.23	82.76%	m

OTHER
NAV Basic	93.30		89.80		86.70		102.00
NAV Diluted	93.30		89.80		86.70		102.00

Uk Commercial Property R... Cash Flow Statement

%1$s Cash Flow Statement
	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)	31 Dec 2021 (GBP)
Operating CF	45.91	31.56	31.26	-123.76	m
Pre-Financing CF	20.96	31.56	161.21	-123.76	m
Retained CF	-28.94	5.48	73.76	-80.62	m

Uk Commercial Property R... Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Cenkos Securities Plc	Market Maker(MME)	Broker/Dealer	CNKS	CNKOGB21
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Shore Capital Stockbrokers Ltd	Market Maker(MME)	Broker/Dealer	SCAP	SHOCGB21
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC

Boards:

Quotes:

Uk Commercial Property R... Key Figures

Uk Commercial Property R... Balance Sheet

Share Price Performance

Share Price Chart (5 years)

Uk Commercial Property R... Historic Returns

Uk Commercial Property R... Key Management Ratios

Uk Commercial Property R... Investment Ratios

Uk Commercial Property R... Financial Ratios

Uk Commercial Property R... Operating Ratios

Uk Commercial Property R... Dividends

Uk Commercial Property R... Fundamentals

Uk Commercial Property R... Balance Sheet

Uk Commercial Property R... Cash Flow Statement

Uk Commercial Property R... Brokers