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WSP
Wynnstay Properties PLC
490/1000 Overall fit
AI beneficiary 35% 25
Operating leverage 25% 57
Valuation 25% 62
Downside protection 15% 72
First-pass take
Wynnstay is a well-managed, low-leverage property company with zero AI exposure and defensive characteristics: 23.3% LTV, 5.6x interest coverage, 100% portfolio occupancy. Strong cost control (operating costs/income improved 34.8% → 25.9% over 5 years) and stable rental income growth. However, micro-cap illiquidity, property-market cyclicality, and shortening lease durations (2.8y → 2.4y to break) limit upside. NAV discount typical for its size.
Flags
no-ai-exposureproperty-cyclicalmicro-caplease-duration-compressionilliquidity-discountdefensive