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LondonMetric Property (LMP)

Property Investment Trusts

202.80p

Trade now with Barclays Stockbrokers

	£ (Millions)	£ (Millions)	£ (Millions)	£ (Millions)	£ (Millions)
	31-Mar-23	31-Mar-22	31-Mar-21	31-Mar-20	31-Mar-19
Continuing Operations
Revenue	146.70	133.20	122.20	113.40	85.10

EBITDA	144.70	98.50	104.50	21.60	83.30
Depreciation & Amortisation	(0.60)	(0.60)	(0.70)	n/a	n/a

Operating Profit/(Loss)	144.10	97.90	103.80	21.60	83.30
Interest Payable	(36.80)	(24.40)	(24.90)	(29.00)	(22.90)
Interest Receivable/Investment Income	2.90	0.50	0.60	0.70	0.40

Group Profit after Interest	110.20	74.00	79.50	(6.70)	60.80
Share of Assoc Cos/JV Profits	(10.30)	23.30	6.90	n/a	n/a

Profit Before Tax	99.90	97.30	86.40	(6.70)	60.80
Tax	(0.10)	(0.10)	(0.10)	(0.20)	0.20

Profit After Tax	99.80	97.20	86.30	(6.90)	61.00

Discontinued Operations
Profit After Tax	n/a	n/a	n/a	n/a	n/a

PROFIT FOR PERIOD	99.80	97.20	86.30	(6.90)	61.00

Attributable to:
Equity Holders of Parent Company	101.10	93.50	85.60	(5.70)	61.00
Minority Interests	1.30	(3.70)	(0.70)	1.20	n/a

Equity Dividends	_cn/a	_cn/a	_cn/a	_cn/a	_cn/a
Retained Profit/(Loss) for the Financial Year	_c101.10	_c93.50	_c85.60	_c(5.70)	_c61.00

Per Share Record - Normalised	31-Mar-23	31-Mar-22	31-Mar-21	31-Mar-20	31-Mar-19
Continuing EPS
Earnings per Share - Basic	10.33p	10.04p	9.52p	(0.71p)	8.77p
Earnings per Share - Diluted	10.29p	9.99p	9.47p	(0.70p)	8.70p
Earnings per Share - Adjusted	10.33p	10.04p	9.52p	(0.70p)	8.80p
Continuing and Discontinued EPS
Earnings per Share - Basic	10.33p	10.04p	0.096p	(0.71p)	2.19p
Earnings per Share - Diluted	10.29p	9.99p	0.096p	(0.70p)	2.17p
Earnings per Share - Adjusted	10.33p	10.04p	9.52p	(0.70p)	8.80p

Dividend per Share	9.50p	9.25p	8.65p	8.30p	8.20p

Key Financals	31-Mar-23	31-Mar-22	31-Mar-21	31-Mar-20	31-Mar-19
Shares in Issue (millions)
Shares in Issue - Year End	982.65	978.61	901.90	841.50	699.99
Weighted Average	978.50	931.50	899.10	804.20	695.60
Diluted	982.60	936.30	903.90	810.20	700.80

Performance Ratios
Continuing Operations
Operating Margin	98.23%	73.50%	84.94%	19.05%	97.88%
Return on Capital Employed	4.44%	3.37%	0.04%	0.91%	1.17%
Continuing Operations & Discontinued Operations
Return on Equity	5.14%	3.65%	0.05%	(0.40%)	1.25%

Financial Status
Continuing Operations
Interest Cover - Continuing	3.71	4.99	4.47	0.77	3.66
Revenue per Share	14.99p	14.30p	0.14p	14.10p	3.06p
Pre-Tax Profit Per Share - Continuing	10.21p	10.45p	0.097p	(0.83p)	2.18p

Market Data
Continuing Operations
Earnings Per Share Growth - Basic	3%	5%	n/a	n/a	31%
Earnings Per Share Growth - Diluted	3%	5%	n/a	n/a	30%
PE Ratio - Company Adjusted	17.0	27.5	22.4	n/a	22.8
PEG - Company Adjusted	5.7	5.5	n/a	n/a	0.7
Dividend Cover	1.09	1.09	1.10	(0.09)	1.07
Continuing Operations & Discontinued Operations
Earnings per Share - Company Adjusted	3%	10,345%	n/a	n/a	-67%
Earnings per Share - Diluted	3%	10,347%	n/a	n/a	-68%
PE Ratio - Company Adjusted	17.0	27.5	2,222.6	n/a	91.2
PEG - Company Adjusted	5.7	0.0	n/a	n/a	n/a
Dividend Cover	1.09	1.09	0.01	(0.09)	0.27

Market Capitalisation £ (Millions)	1,725.53	2,699.00	1,926.46	1,480.20	1,397.88
Dividend per Share	9.50p	9.25p	8.65p	8.30p	8.20p
Dividend Yield	5.4%	3.4%	4.0%	4.7%	4.1%
Dividend per Share Growth	2.70%	6.94%	4.22%	1.22%	17.14%

* GAAP

a. Includes discontinued activities

b. Includes preference dividends

c. Not disclosed under IFRS

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: Forecast figures based on normalised accounts.