URBAN LOGISTICS REIT PLC DRIVING PERFORMANCE
2021 FULL YEAR RESULTS
AGENDA
Page | |
Introduction | 3 |
Highlights | 7 |
Portfolio Review | 10 |
Market Outlook | 21 |
Summary | 24 |
Appendix | 26 |
URBAN LOGISTICS | 2021 FULL YEAR RESULTS
INTRODUCTION
A highly experienced logistics investment management team
RICHARD MOFFITT
CEO
Former Head of UK Industrial and Logistics at CBRE
Total of 25+ years of Logistics market experience.
Experience includes:
- Qualified as Chartered Surveyor 1988
- CBRE Head of Industrial and Logistics 2010-2015
- Co-FounderM3 Agency 2000-2010 (specialist logistics consultancy)
- Chairman European Logistics Real Estate Partners 2018-present
- Member Chartered Institute of Logistics and Transport
CHRISTOPHER TURNER
ASSET MANAGER
Qualified Chartered Surveyor
25 years of experience in acquisition, performance and disposal of investments
Experience includes:
- Acquired, managed and traded £175 million asset portfolio
- Acquired and repositioned €135 million industrial portfolio in Germany
- Formerly Director of Hill Samuel Investment Management
- Formerly Director and Head of Asset Management at Lambert Smith Hampton
URBAN LOGISTICS | 2021 FULL YEAR RESULTS | 3 |
URBAN LOGISTICS REIT PLC
A pure play on urban logistics
- UK REIT quoted on the AIM market of the London Stock Exchange
- Income and Total Return strategy through active asset management
- Invests in mid-box logistics buildings up to 200,000 sq.ft.
- Assets located in key urban "last touch"/"last mile" locations
- The only London listed REIT with such a focus
- Management team with specific logistics experience within the broader real estate market
- 13.9% p.a. average Total Accounting Return from IPO to 31 March 2021.
DIFFERENTIATORS
FOCUS ON "LAST MILE"
20,000-200,000 sq.ft
- Most appropriate size for last-mile delivery operators
STRATEGIC LOCATIONS 31% South East bias¹
- Area with the strongest take-up of logistics space
STRONG COVENANTS
89% low/low-moderate risk²
- Single-letassets
- High-qualitytenants
- No fashion retail
- Expressed as a percentage of capital value as at 31 March 2021
- Per Dun & Bradstreet (Overall Business Risk) as at 3 May 2021
URBAN LOGISTICS | 2021 FULL YEAR RESULTS | 4 |
URBAN LOGISTICS REIT
How we create value for our shareholders
1 | BUY WELL | 2 | MANAGE WELL | 3 | PERFORM | |||
82 assets | 8 rent reviews and | 4.8% | ||||||
acquired since IPO1 | 23 new lettings/re-gears | average disposal yield | ||||||
completed in the year | on assets sold in the year | |||||||
6.4% | 19% average LFL income | 35% average premium to book | ||||||
average purchase yield on | growth for rent reviews | value on disposals in year | ||||||
properties acquired since IPO2 | settled in the year | |||||||
30-70% | 69% of valuation uplift | 79% | ||||||
replacement cost | achieved through | Total Property Return generated | ||||||
asset management in the year | from assets sold in the year | |||||||
VALUE CREATION3 | ||||||||
9.0% | 34.75p | 13.9% | ||||||
average EPRA NAV per share | Total dividends declared | average Total Accounting | ||||||
growth pa | Return pa | |||||||
- Excluding forward funded developments
- The average purchase yield is based on headline purchase price, and excludes forward funded development assets
- Performance from IPO to 31 March 2021
URBAN LOGISTICS | 2021 FULL YEAR RESULTS | 5 |
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Urban Logistics Reit plc published this content on 09 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 06:24:04 UTC.
