LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 100

188.70p
   
  • Change Today:
      2.30p
  • 52 Week High: 210.20
  • 52 Week Low: 177.70
  • Currency: UK Pounds
  • Shares Issued: 2,047.31m
  • Volume: 3,649,596
  • Market Cap: £3,863.27m
  • Beta: 0.95

LMP Overview

LondonMetric is a FTSE 250 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.LondonMetric was formed from a merger of London & Stamford Property and Metric Property Investments in 2013. It has since grown assets under management from £1.2bn to £3.6bn and pivoted the portfolio into distribution and long income assets through a significant number of sales and acquisitions.

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Financials

Latest F'cast
Div Yield 5.5% 0.0%
Div Cover 1.1 1.1
Op Mrgn 90.6% 92.5%
ROCE 2.8%  
Latest F'cast
P/E 17.1 14.6
PEG 2.9 0.9
Pr/Revenue 21.4 10.2
Pr/Book 1.0  
Latest F'cast
Revenue 21.4% 109.3%
PBT n/a 187.5%
EPS 5.8% 17.2%
DPS 7.4% 17.9%

LMP Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-20 113.40 (6.70) (0.70)p n/a n/a n/a 8.30p 4.7%
31-Mar-21 122.20 258.10 9.52p 22.4 n/a n/a 8.65p 4.0%
31-Mar-22 133.20 738.30 10.04p 27.5 4.6 +6% 9.25p 3.4%
31-Mar-23 146.70 (507.50) 10.30p 17.0 5.7 +3% 9.50p 5.4%
31-Mar-24 178.10 120.00 10.90p 18.6 3.1 +6% 10.20p 5.0%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

LMP Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-25 372.80 344.96 12.77p 14.6 0.9 +17% 12.03p 0.0%
31-Mar-26 385.70 360.69 13.30p 14.0 3.4 +4% 12.47p 0.0%
31-Mar-27 399.44 371.61 13.70p 13.6 4.6 +3% 12.85p 0.0%

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LMP Company Announcements

Occupational activity adds £8.5m of rental ... 14-Oct-2024 07:00 RNS
Additional Listing 02-Oct-2024 10:43 RNS
Director/PDMR Shareholding 01-Oct-2024 16:24 RNS

LMP ShareCast News

LondonMetric adds £8.5m rent in year to date 14-Oct-2024 ShareCast
LondonMetric buys portfolio for £78m 25-Sep-2024 ShareCast
LondonMetric nabs British Land exec as chief inv... 24-Sep-2024 ShareCast

LMP Top Newspaper Links

Arsenal accepts lowball offer for vacant Highbur... 29-Sep-2009 Telegraph
London & Stamford plans equity raising 12-Jun-2009 Telegraph
Commercial property prices must fall further 10p... 27-Jun-2008 Telegraph

Latest LMP Director Deals

No deals were found in the last 28 days.

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: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 5: Forecast figures based on normalised accounts.

 

LMP Market Data

Currency UK Pounds
Share Price 188.70p
Change Today 2.30p
% Change 1.23 %
52 Week High 210.20
52 Week Low 177.70
Volume 3,649,596
Shares Issued 2,047.31m
Market Cap £3,863.27m
Beta 0.95

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.83% below the market average54.83% below the market average54.83% below the market average54.83% below the market average54.83% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average
Price Trend
3.55% below the market average3.55% below the market average3.55% below the market average3.55% below the market average3.55% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Income
50.13% above the market average50.13% above the market average50.13% above the market average50.13% above the market average50.13% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
15.33% above the market average15.33% above the market average15.33% above the market average15.33% above the market average15.33% above the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 5
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LMP Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 29-Aug-24 13-Jun-24
Paid 08-Oct-24 22-Jul-24
Amount 2.85p 3.00p

Trades for 14-Nov-2024

Time Volume / Share Price
16:35 1,405 @ 188.70p
16:35 10,402 @ 188.70p
16:35 7,773 @ 188.70p
16:35 11,803 @ 188.70p
16:35 4,243 @ 188.70p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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