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FTSE Factsheet FTSE COMPANY REPORT Share price analysis relative to sector and index performance Data as at: 30 January 2020 Big Yellow Group BYG Real Estate Investment Trusts — GBP 11.75 at close 30 January 2020 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 30-Jan-2020 30-Jan-2020 30-Jan-2020 12 120 120 1D WTD MTD YTD Absolute 0.6 -0.4 -2.1 -2.1 11.5 115 Rel.Sector 1.0 1.0 0.0 0.0 115 Rel.Market 1.9 2.2 0.1 0.1 11 110 110 VALUATION 10.5 105 Trailing RelativePrice RelativePrice 105 10 100 PE 15.8 Absolute(localPrice currency) EV/EBITDA 34.7 100 9.5 95 PB 1.8 PCF 27.6 9 95 90 Div Yield 1.7 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Price/Sales +ve Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.3 100 90 90 Div Payout 43.4 90 80 80 ROE 12.0 80 70 70 Share Index) Share Share Sector) Share - 70 - 60 DESCRIPTION 60 60 50 50 The principal activity of the Company and its 50 40 RSI RSI (Absolute) subsidiaries is the provision of self storage and 40 related services. 40 30 30 20 30 RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 20 10 20 Jan-2019 Mar-2019 May-2019 Jul-2019 Sep-2019 Nov-2019 Jan-2019 Mar-2019 May-2019 Jul-2019 Sep-2019 Nov-2019 Jan-2019 Mar-2019 May-2019 Jul-2019 Sep-2019 Nov-2019 See final page and http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm for further details. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Big Yellow Group 30 January 2020 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Dec-2019 31-Dec-2019 31-Dec-2019 18 36 1.8 17 34 1.7 16 32 15 1.6 +1SD +1SD 30 14 +1SD 1.5 Avg 13 28 Avg 12 Avg 1.4 26 -1SD 11 -1SD 1.3 10 -1SD 24 9 22 1.2 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Shaftesbury 111.7 BMO Real Estate Investments 82.8 Primary Health Prop. 2.5 BMO Real Estate Investments 63.1 Unite Group 81.3 Safestore Holdings 2.2 Great Portland Estates 44.1 Great Portland Estates 70.9 LXI REIT 1.8 Real Estate Investment Trusts 39.8 Shaftesbury 69.7 Big Yellow Group 1.8 Civitas Social Housing Segro 28.6 64.4 Unite Group 1.8 Primary Health Prop. 26.2 Real Estate Investment Trusts 41.6 Real Estate Investment Trusts 1.0 Big Yellow Group 15.8 Big Yellow Group 34.7 British Land Co Town Centre Securities -9.4 NewRiver REIT 20.6 0.7 NewRiver REIT -16.6 Schroder European Real Estate Investment Trust 20.1 Town Centre Securities 0.6 British Land Co -20.5 Custodian REIT 18.4 Hammerson 0.4 Land Securities Group -61.7 AEW UK REIT 16.6 Capital & Regional 0.4 Ediston Property Investment Company -107.4 Hammerson 0.0 Intu Properties 0.1 -150 -100 -50 0 50 100 150 0 10 20 30 40 50 60 70 80 90 0 0.5 1 1.5 2 2.5 3 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-Dec-2019 31-Dec-2019 31-Dec-2019 32 2.4 15 ‖ ‖ 2.3 30 2.2 14 +1SD +1SD 28 2.1 +1SD 26 2 13 Avg Avg 1.9 Avg 24 1.8 12 -1SD 22 1.7 -1SD -1SD 1.6 11 20 1.5 18 1.4 10 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Hansteen Holdings 80.0 Intu Properties 13.5 Unite Group 15.0 Triple Point Social Housing REIT 79.2 NewRiver REIT 10.8 LXI REIT 15.0 Residential Secure Income 64.2 Capital & Regional 9.5 Triple Point Social Housing REIT 15.0 Great Portland Estates 58.8 RDI REIT 7.6 Primary Health Prop. 15.0 Shaftesbury 52.0 AEW UK REIT 6.5 Segro 15.0 Big Yellow Group 27.6 Real Estate Investment Trusts 3.0 Big Yellow Group 15.0 Real Estate Investment Trusts 23.2 Big Yellow Group 1.7 Real Estate Investment Trusts 12.6 Schroder European Real Estate Investment Trust 9.3 Shaftesbury 1.3 RDI REIT 5.4 RDI REIT 8.8 Primary Health Prop. 1.0 NewRiver REIT 4.8 Capital & Regional 5.6 Derwent London 0.9 Town Centre Securities 3.8 Intu Properties 4.5 GCP Student Living 0.8 Capital & Regional 2.0 Town Centre Securities 3.7 Unite Group 0.5 Intu Properties 0.8 0 10 20 30 40 50 60 70 80 90 0 2 4 6 8 10 12 14 16 0 2 4 6 8 10 12 14 16 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: Big Yellow Group 30 January 2020 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-Dec-2019 31-Dec-2019 31-Dec-2019 0.44 45 16 0.42 +1SD 15 +1SD +1SD 40 0.4 14 Avg 0.38 Avg Avg 35 13 0.36 -1SD 12 0.34 -1SD -1SD 30 0.32 11 0.3 25 10 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Intu Properties 1.3 BMO Real Estate Investments 100.0 Safestore Holdings 24.8 Capital & Regional 1.1 Shaftesbury 100.0 Segro 17.5 Town Centre Securities 1.1 Real Estate Investment Trusts 100.0 Regional REIT 16.4 RDI REIT 1.0 Schroder European Real Estate Investment Trust 100.0 GCP Student Living 14.7 Primary Health Prop. 0.9 Custodian REIT 100.0 Unite Group 12.4 Real Estate Investment Trusts 0.4 UK Commercial Property REIT Limited 90.2 Big Yellow Group 12.0 Big Yellow Group 0.3 Big Yellow Group 43.4 Real Estate Investment Trusts 2.5 Derwent London 0.2 Capital & Regional 0.0 Hammerson -4.7 UK Commercial Property REIT Limited 0.2 Hammerson 0.0 Capital & Regional -5.6 Triple Point Social Housing REIT 0.2 British Land Co 0.0 Town Centre Securities -6.4 Great Portland Estates 0.1 NewRiver REIT 0.0 RDI REIT -10.4 Impact Healthcare REIT 0.1 Land Securities Group 0.0 Intu Properties -25.5 0 0.2 0.4 0.6 0.8 1 1.2 1.4 0 20 40 60 80 100 120 -30 -20 -10 0 10 20 30 ROE vs. PB — sector Du Pont Analysis 2.4 PHP 1.6 18 Regression 2.2 SAFE 1.4 16 2.0 14 1.2 1.8 LXI BYGUTG 12 1 1.6 LMP IHR 10 AGR SGRO 1.4 0.8 PB THRL 8 1.2 DIGS BBOX RGL 0.6 DLNCREIPCTN WKP HSTN 6 1.0 SLI AEWU SHB GPORReal Estate UKCMInve SERE ESP RESI 0.4 CSH SOHO 0.8 EPIC BREI BCPT MCKSSREI 4 NRRLAND BLNDRDI 0.6 TOWN 0.2 2 HMSO 0.4 CAL 0 0 2015 2016 2017 2018 2019 0.2 INTU 0 2 4 6 8 10 12 14 16 18 20 22 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: Big Yellow Group 30 January 2020 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate.
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