The Local Shopping REIT plc was founded in January 2005 with the objective of building a portfolio of properties and letting units in the convenience shopping market. LSR was floated on the London Stock Exchange in May 2007. In the latter part of that year the Company adjusted its property purchasing programme in response to the downturn in the UK property market, focussing activities on active asset management. From 2009 the Company developed its asset management proposition and established a number of joint ventures to complement its wholly-owned portfolio. In July 2013, following a strategic review, the Company's shareholders resolved to change the Company's investment policy to enable the orderly liquidation of assets, the repayment of debt and the return of the remaining capital to Shareholders and the Board appointed INTERNOS Global Investors Limited to manage this process.
Type
Public
HQ
London, GB
The Local Shopping REIT is headquartered in London, GB
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The Local Shopping REIT Office Locations

The Local Shopping REIT has an office in London
London, GB (HQ)
65 Grosvenor St
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The Local Shopping REIT Financials and Metrics

The Local Shopping REIT Financials

The Local Shopping REIT's revenue was reported to be £6.02 m in FY, 2017
GBP

Revenue (FY, 2017)

6 m

Gross profit (FY, 2017)

4.1 m

Gross profit margin (FY, 2017), %

67.3%

Net income (FY, 2017)

(858 k)

EBITDA (FY, 2017)

330 k

EBIT (FY, 2017)

330 k

Market capitalization (31-Oct-2017)

25.2 m

Closing share price (31-Oct-2017)

0.3

Cash (30-Sep-2017)

10.5 m

EV

15.9 m
The Local Shopping REIT's current market capitalization is £25.2 m.
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

13.1 m16.7 m15.3 m15.5 m16.1 m15.8 m14.6 m13.9 m7.7 m7 m6 m

Revenue growth, %

(5%)(45%)(9%)

Cost of goods sold

2.9 m2.6 m2.5 m2.6 m3.9 m2 m1.9 m2 m

Gross profit

12.4 m12.9 m13.3 m12.1 m10 m5.7 m5.1 m4.1 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(8.1 m)(40.5 m)(31 m)1.8 m(710 k)(9.5 m)(6.4 m)1.2 m20 k631 k(858 k)

Cash From Operating Activities

1.4 m4.1 m2.8 m3.4 m4.6 m2.2 m1.2 m(215 k)1.1 m661 k1.4 m

Dividends Paid

5.8 m3.7 m2.8 m3.1 m1.6 m1.6 m

Cash From Financing Activities

108.3 m(1.6 m)(4.1 m)12.6 m(4.3 m)2.3 m(3.6 m)(3.1 m)(9 m)(7.1 m)(19.8 m)
GBPY, 2017

EV/EBITDA

48.2 x

EV/EBIT

48.2 x

EV/CFO

11.4 x

Financial Leverage

2 x
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