LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

196.30p
   
  • Change Today:
      1.60p
  • 52 Week High: 203.20p
  • 52 Week Low: 156.40p
  • Currency: UK Pounds
  • Shares Issued: 2,040.57m
  • Volume: 5,303,409
  • Market Cap: £4,005.63m

LondonMetric buys warehouse for £21.2m for let to Next

By Frank Prenesti

Date: Monday 08 Jan 2024

LONDON (ShareCast) - (Sharecast News) - LondonMetric Property said it had bought a warehouse in Doncaster for £21.2m which will be let to fashion retailer Next for 13 years.


The deal represented a net initial yield of 6.3%, the company said on Monday. Next will pay annual rent of £1.42m with fixed rental uplifts of 2.5%, increasing the purchase NIY to 7.1% within three years.

Separately, LondonMetric has sold an 18,000 sq ft office investment in Chiswick for £7.4m.

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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 196.30p
Change Today 1.60p
% Change 0.82 %
52 Week High 203.20p
52 Week Low 156.40p
Volume 5,303,409
Shares Issued 2,040.57m
Market Cap £4,005.63m

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.57% above the market average9.57% above the market average9.57% above the market average9.57% above the market average9.57% above the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average
Price Trend
32.95% above the market average32.95% above the market average32.95% above the market average32.95% above the market average32.95% 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
27.41% above the market average27.41% above the market average27.41% above the market average27.41% above the market average27.41% above the market average
36% below the sector average36% below the sector average36% below the sector average36% below the sector average36% below the sector average
Growth
85.25% below the market average85.25% below the market average85.25% below the market average85.25% below the market average85.25% 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 5
Neutral 4
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 26-Apr-2024

Time Volume / Share Price
16:35 500,000 @ 196.30p
16:35 2,037,069 @ 196.30p
16:35 793 @ 196.30p
16:35 2,323 @ 196.30p
16:35 10,488 @ 196.30p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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