LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

203.20p
   
  • Change Today:
      3.40p
  • 52 Week High: 204.20p
  • 52 Week Low: 156.40p
  • Currency: UK Pounds
  • Shares Issued: 2,036.52m
  • Volume: 6,929,690
  • Market Cap: £4,138.21m

LondonMetric sells two assets for £28.2m

By Frank Prenesti

Date: Tuesday 01 Nov 2022

LONDON (ShareCast) - (Sharecast News) - LondonMetric Property said it had sold two assets for a combined £28.2m reflecting a blended net net initial yield (NIY) of 4.6%.
The separate transactions are made up of a fully-let retail park in Tonbridge, Kent for £22m, reflecting a NIY of 5.25%, and a warehouse in Digbeth, Birmingham, for £6.2m.

LondonMetric said the sales were 1% below its March 31 book value and crystallise an ungeared internal rate of return of 14%. Proceeds will be used in the short term to pay down some of the company's revolving credit facility, it added.

Reporting by Frank Prenesti for Sharecast.com

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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 203.20p
Change Today 3.40p
% Change 1.70 %
52 Week High 204.20p
52 Week Low 156.40p
Volume 6,929,690
Shares Issued 2,036.52m
Market Cap £4,138.21m

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.95% above the market average14.95% above the market average14.95% above the market average14.95% above the market average14.95% above the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Price Trend
51.20% above the market average51.20% above the market average51.20% above the market average51.20% above the market average51.20% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income
19.80% above the market average19.80% above the market average19.80% above the market average19.80% above the market average19.80% above the market average
12% below the sector average12% below the sector average12% below the sector average12% below the sector average12% below the sector average
Growth
84.83% below the market average84.83% below the market average84.83% below the market average84.83% below the market average84.83% 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 4
Sell 0
Strong Sell 0
Total 12
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 28-Mar-2024

Time Volume / Share Price
16:35 10,737 @ 203.20p
16:35 2,247,106 @ 203.20p
16:35 2,101 @ 203.20p
16:35 6,960 @ 203.20p
16:35 11,308 @ 203.20p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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