LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

194.50p
   
  • Change Today:
    -0.40p
  • 52 Week High: 210.20
  • 52 Week Low: 156.40
  • Currency: UK Pounds
  • Shares Issued: 2,040.57m
  • Volume: 2,178,605
  • Market Cap: £3,968.90m

LondonMetric buys two properties for £31.2m

By Frank Prenesti

Date: Tuesday 16 Mar 2021

LONDON (ShareCast) - (Sharecast News) - LondonMetric Property said it had bought two warehouses in Milton Keynes for a total of £31.2m.
The company said the deal reflected a blended net initial yield of 4.4% and a reversionary yield of 5.0%. The buildings have a weighted average unexpired lease term of 22 years and benefited from contractual rental uplifts.

The first property is let to TalkTalk as a data centre and was acquired for £23.9m. It is let for a further 26 years and benefits from annual RPI linked rent reviews of between 2-4%, LondonMetric said.

It also bought an urban logistics warehouse for £7.3m on a new 10 year lease and benefits from annual rent reviews at the higher of open market valuation or RPI between 2% - 5%.

Email this article to a friend

or share it with one of these popular networks:


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

 

LMP Market Data

Currency UK Pounds
Share Price 194.50p
Change Today -0.40p
% Change -0.21 %
52 Week High 210.20
52 Week Low 156.40
Volume 2,178,605
Shares Issued 2,040.57m
Market Cap £3,968.90m

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.05% below the market average56.05% below the market average56.05% below the market average56.05% below the market average56.05% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
1.51% below the market average1.51% below the market average1.51% below the market average1.51% below the market average1.51% 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
48.55% above the market average48.55% above the market average48.55% above the market average48.55% above the market average48.55% above the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average
Growth
6.86% above the market average6.86% above the market average6.86% above the market average6.86% above the market average6.86% above the market average
31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% 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
  4th Interim 3rd Interim
Ex-Div 13-Jun-24 29-Feb-24
Paid 22-Jul-24 08-Apr-24
Amount 3.00p 2.40p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 20 @ 194.50p
16:35 9,279 @ 194.50p
16:35 9,593 @ 194.50p
16:35 1,050,260 @ 194.50p
16:35 6,870 @ 194.50p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

Top of Page