LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

201.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 210.20p
  • 52 Week Low: 156.40p
  • Currency: UK Pounds
  • Shares Issued: 2,040.57m
  • Volume: 4,828,057
  • Market Cap: £4,109.70m

LondonMetric buys two properties for £135.6m

By Frank Prenesti

Date: Monday 15 Nov 2021

LONDON (ShareCast) - (Sharecast News) - UK real estate company LondonMetric on Monday said it had bought two logistics warehouses for £135.6m in separate deals.
The properties generate annual rent of £6m, with 100% of the income benefiting from RPI linked rent reviews.

One unnamed property was acquired for £97m, with a yearly rent of 4.1m, while the other, a warehouse in Ipswich, for £38.6m pre-let to a "rapidly expanding e-commerce company", on a 20 year lease at a rent of £1.9m a year.

The warehouse was located at Port One Logistics Park, Ipswich, and development was expected to be completed in spring 2022.

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LMP Market Data

Currency UK Pounds
Share Price 201.40p
Change Today 0.40p
% Change 0.20 %
52 Week High 210.20p
52 Week Low 156.40p
Volume 4,828,057
Shares Issued 2,040.57m
Market Cap £4,109.70m

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
16:35 1,252,551 @ 201.40p
16:35 6,021 @ 201.40p
16:35 6,440 @ 201.40p
16:35 1,367 @ 201.40p
16:35 4,844 @ 201.40p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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