LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

203.20p
   
  • Change Today:
      3.40p
  • 52 Week High: 204.00
  • 52 Week Low: 156.40
  • Currency: UK Pounds
  • Shares Issued: 2,036.52m
  • Volume: 2,177,375
  • Market Cap: £4,138.21m

LMP Overview

LondonMetric is a FTSE 250 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.LondonMetric was formed from a merger of London & Stamford Property and Metric Property Investments in 2013. It has since grown assets under management from £1.2bn to £3.6bn and pivoted the portfolio into distribution and long income assets through a significant number of sales and acquisitions.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Financials

Latest F'cast
Div Yield 2.4% 0.0%
Div Cover 1.1 1.1
Op Mrgn 120.5% 90.4%
ROCE 3.7%  
Latest F'cast
P/E 38.1 18.5
PEG n/a 0.2
Pr/Revenue 52.7 24.4
Pr/Book 1.8  
Latest F'cast
Revenue -47.4% 115.5%
PBT n/a 84.3%
EPS -49.2% 102.7%
DPS -49.5% 109.8%

LMP Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-21 122.20 258.10 9.52p 22.4 n/a n/a 8.65p 4.0%
31-Mar-22 133.20 738.30 10.04p 27.5 4.6 +6% 9.25p 3.4%
30-Sep-22 71.90 (243.40) 10.25p 17.0 8.5 +2% 9.18p 5.3%
31-Mar-23 146.70 (507.50) 10.33p 17.0 17.0 +1% 9.50p 5.4%
30-Sep-23 77.20 81.60 5.25p 32.8 n/a -49% 4.80p 2.8%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

LMP Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-24 166.34 150.41 10.64p 18.8 0.2 +103% 10.07p 0.0%
31-Mar-25 375.10 323.94 12.92p 15.5 0.7 +22% 12.02p 0.0%
31-Mar-26 387.16 333.37 13.37p 14.9 4.3 +4% 12.39p 0.0%

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LMP Company Announcements

Directorate Change 28-Mar-2024 07:00 RNS
Rule 2.8 Announcement 27-Mar-2024 18:27 RNS
Form 8.3 - LondonMetric Property Plc 27-Mar-2024 15:25 RNS

Latest LMP Director Deals

Traded Action Notifier PriceAmountValue
15-Mar-24 Buy Katerina Patmore 192.35p 10,000 £19,235.00
06-Mar-24 Buy Alistair Elliott 192.00p 10,000 £19,200.00

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

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 5: Forecast figures based on normalised accounts.

 

LMP Market Data

Currency UK Pounds
Share Price 203.20p
Change Today 3.40p
% Change 1.70 %
52 Week High 204.00
52 Week Low 156.40
Volume 2,177,375
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
16.31% above the market average16.31% above the market average16.31% above the market average16.31% above the market average16.31% 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
47.89% above the market average47.89% above the market average47.89% above the market average47.89% above the market average47.89% 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
21.72% above the market average21.72% above the market average21.72% above the market average21.72% above the market average21.72% 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
84.96% below the market average84.96% below the market average84.96% below the market average84.96% below the market average84.96% 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
12:19 1,900 @ 203.16p
12:19 1,720 @ 203.20p
12:19 1,724 @ 203.20p
12:19 2,300 @ 203.20p
12:17 507 @ 203.20p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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