LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

209.20p
   
  • Change Today:
    -1.00p
  • 52 Week High: 210.40p
  • 52 Week Low: 156.40p
  • Currency: UK Pounds
  • Shares Issued: 2,040.57m
  • Volume: 2,708,927
  • Market Cap: £4,268.86m

Income Statement - Unadjusted

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 146.70 133.20 122.20 113.40 85.10
           
EBITDA (462.70) 739.50 276.20 21.60 142.00
Depreciation & Amortisation (0.60) (0.60) (0.70) n/a n/a
           
Operating Profit/(Loss) (463.30) 738.90 275.50 21.60 142.00
Interest Payable (36.80) (24.40) (24.90) (29.00) (22.90)
Interest Receivable/Investment Income 2.90 0.50 0.60 0.70 0.40
           
Group Profit after Interest (497.20) 715.00 251.20 (6.70) 119.50
Share of Assoc Cos/JV Profits (10.30) 23.30 6.90 n/a n/a
           
Profit Before Tax (507.50) 738.30 258.10 (6.70) 119.50
Tax (0.10) (0.10) (0.10) (0.20) 0.20
           
Profit After Tax (507.60) 738.20 258.00 (6.90) 119.70
           
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
           
PROFIT FOR THE PERIOD (507.60) 738.20 258.00 (6.90) 119.70
           
Attributable to:          
Equity Shareholders' Earnings (506.30) 734.50 257.30 (5.70) 119.70
Minority interests (1.30) 3.70 0.70 (1.20) n/a
           
Equity Dividends cn/a cn/a cn/a cn/a cn/a
Retained Profit/(Loss) for the Financial Year cn/a cn/a cn/a cn/a cn/a


Per Share Record - Unadjusted 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing EPS          
Earnings per Share - Basic (51.80p) 78.80p 28.60p (0.70p) 17.20p
Earnings per Share - Diluted (51.80p) 78.40p 28.50p (0.70p) 17.10p
Continuing and Discontinued EPS          
Earnings per Share - Basic (51.80p) 78.80p 28.60p (0.70p) 17.20p
Earnings per Share - Diluted (51.80p) 78.40p 28.50p (0.70p) 17.10p
           
Dividend per Share 9.50p 9.25p 8.65p 8.30p 8.20p


Key Financals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Shares in Issue (millions)          
Shares in Issue - Year End 982.65 978.61 901.90 841.50 699.99
Weighted Average 978.50 931.50 899.10 804.20 695.60
Diluted 982.60 936.30 903.90 810.20 700.80
           
Performance Ratios          
Continuing Operations          
Operating Margin (315.81%) 554.73% 225.45% 19.05% 166.86%
Tax Rate (0.02%) 0.01% 0.04% (2.99%) (0.17%)
Return on Capital Employed n/a 21.20% 0.11% 0.91% 2.00%
Continuing Operations & Discontinued Operations          
Return on Equity (ROE) (25.74%) 28.69% 0.15% (0.40%) 2.46%
           
Financial Status          
Continuing Operations          
Interest Cover (12.79) 31.26 11.37 0.77 6.22
Revenue per Share 14.99p 14.30p 0.14p 14.10p 3.06p
Pre-Tax Profit per Share (51.87p) 79.26p 0.29p (0.83p) 4.29p
           
Market Data          
Continuing Operations          
Earnings per Share Growth - Basic n/a 176% n/a n/a -32%
Earnings per Share Growth - Adjusted 3% 6% n/a n/a 33%
Earnings per Share Growth - Diluted n/a 175% n/a n/a -33%
PE Ratio - Adjusted 17.0 27.5 22.4 n/a 22.7
PEG - Adjusted 5.7 4.6 n/a n/a 0.7
Dividend Cover 1.09 1.09 1.10 (0.08) 1.07
Continuing Operations & Discontinued Operations          
Earnings per Share Growth - Basic n/a 27,196% n/a n/a -83%
Earnings per Share Growth - Adjusted 3% 10,348% n/a n/a -67%
Earnings per Share Growth - Diluted n/a 27,152% n/a n/a -83%
PE Ratio - Adjusted 17.0 27.5 2,222.8 n/a 90.8
PEG - Adjusted 5.7 0.0 n/a n/a n/a
Dividend Cover 1.09 1.09 0.01 (0.08) 0.27
           
Market Capitalisation £ (Millions) 1,725.53 2,699.00 1,926.46 1,480.20 1,397.88
Dividend per Share 9.50p 9.25p 8.65p 8.30p 8.20p
Dividend Yield 5.4% 3.4% 4.0% 4.7% 4.1%
Dividend per Share Growth 2.70% 6.94% 4.22% 1.22% 17.14%

Key

* GAAP

a. Includes discontinued activities

b. Includes preference dividends

c. Not disclosed under IFRS

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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