LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

199.80p
   
  • Change Today:
    -1.20p
  • 52 Week High: 210.20
  • 52 Week Low: 156.40
  • Currency: UK Pounds
  • Shares Issued: 2,040.57m
  • Volume: 74,818
  • Market Cap: £4,077.05m

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%.

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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 199.80p
Change Today -1.20p
% Change -0.60 %
52 Week High 210.20
52 Week Low 156.40
Volume 74,818
Shares Issued 2,040.57m
Market Cap £4,077.05m

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.06% above the market average17.06% above the market average17.06% above the market average17.06% above the market average17.06% above the market average
25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average
Price Trend
20.44% above the market average20.44% above the market average20.44% above the market average20.44% above the market average20.44% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
28.72% above the market average28.72% above the market average28.72% above the market average28.72% above the market average28.72% above the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average
Growth
85.86% below the market average85.86% below the market average85.86% below the market average85.86% below the market average85.86% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below 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
  3rd Interim 2nd Interim
Ex-Div 29-Feb-24 30-Nov-23
Paid 08-Apr-24 11-Jan-24
Amount 2.40p 2.40p

Trades for 24-May-2024

Time Volume / Share Price
08:54 2,075 @ 199.80p
08:54 2,351 @ 199.80p
08:54 749 @ 199.80p
08:53 854 @ 199.70p
08:53 11 @ 199.70p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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