Land Securities Group (LAND)

Sector:

Property Investment Trusts

Index:

FTSE 100

593.50p
   
  • Change Today:
      7.50p
  • 52 Week High: 725.20p
  • 52 Week Low: 571.00p
  • Currency: UK Pounds
  • Shares Issued: 744.94m
  • Volume: 2,263,434
  • Market Cap: £4,421.20m
  • RiskGrade: 178
  • Beta: 1.05

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Q1 Dividend9.00p8.60p7.00pn/a11.60p
Q2 Dividend9.20p9.00p8.50p12.00p11.60p
Q3 Dividend9.30p9.00p8.50p6.00pn/a
Q4 Dividendn/an/an/an/a11.65p
Total Dividend39.60p38.60p37.00p27.00p23.20p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 824.00 791.00 679.00 635.00 741.00
Operating Profit/(Loss) (229.00) (568.00) 902.00 (1,138.00) (539.00)
Net Interest (114.00) (53.00) (60.00) (63.00) (147.00)
Profit Before Tax (341.00) (622.00) 875.00 (1,393.00) (837.00)
Profit After Tax (341.00) (622.00) 875.00 (1,393.00) (832.00)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (341.00) (622.00) 875.00 (1,393.00) (832.00)
Attributable to:          
Equity Holders of Parent Company (319.00) (619.00) 869.00 (1,393.00) (832.00)
Minority Interests (22.00) (3.00) 6.00 n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (43.00p) (83.60p) 117.40p (1.90p) (112.40p)
Earnings per Share - Diluted (43.00p) (83.60p) 117.10p (1.90p) (112.40p)
Earnings per Share - Adjusted 50.10p 50.10p 48.00p 0.34p 55.90p
Continuing and Discontinued EPS          
Earnings per Share - Basic (43.00p) (83.60p) 117.40p (1.90p) (112.40p)
Earnings per Share - Diluted (43.00p) (83.60p) 117.10p (1.90p) (112.40p)
Earnings per Share - Adjusted 50.10p 50.10p 48.00p 0.34p 55.90p
           
Dividend per Share 39.60p 38.60p 37.00p 0.27p 23.20p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets 3.00 6.00 8.00 8.00 14.00
Investment Properties 9,330.00 9,658.00 11,207.00 9,607.00 11,297.00
Investments 529.00 536.00 774.00 777.00 980.00
Other Financial Assets 21.00 21.00 n/a n/a n/a
Other Non-Current Assets 207.00 213.00 238.00 192.00 210.00
  10,090.00 10,434.00 12,227.00 10,584.00 12,501.00
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 379.00 365.00 368.00 354.00 433.00
Cash at Bank & in Hand 78.00 41.00 146.00 n/a 1,345.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 117.00 126.00 154.00 52.00 81.00
  574.00 532.00 668.00 406.00 1,859.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 10,664.00 10,966.00 12,895.00 10,990.00 14,360.00
           
Liabilities          
Current Liabilities          
Borrowings 975.00 315.00 541.00 906.00 977.00
Other Current Liabilities 378.00 330.00 331.00 259.00 272.00
  1,353.00 645.00 872.00 1,165.00 1,249.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 2,805.00 3,223.00 4,012.00 2,610.00 4,355.00
Provisions 42.00 n/a n/a n/a n/a
Other Non-Current Liabilities 17.00 26.00 20.00 3.00 6.00
  2,864.00 3,249.00 4,032.00 2,613.00 4,361.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 4,217.00 3,894.00 4,904.00 3,778.00 5,610.00
           
Net Assets 6,447.00 7,072.00 7,991.00 7,212.00 8,750.00
           
Capital & Reserves          
Share Capital 80.00 80.00 80.00 80.00 80.00
Share Premium Account 319.00 318.00 317.00 317.00 317.00
Other Reserves 23.00 13.00 9.00 28.00 27.00
Retained Earnings 5,980.00 6,594.00 7,511.00 6,787.00 8,326.00
Shareholders Funds 6,402.00 7,005.00 7,917.00 7,212.00 8,750.00
           
Minority Interests/Other Equity 45.00 67.00 74.00 n/a n/a
Total Equity 6,447.00 7,072.00 7,991.00 7,212.00 8,750.00
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 338.00 342.00 381.00 233.00 401.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (272.00) 834.00 (607.00) 334.00 (116.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (29.00) (1,281.00) 362.00 (1,912.00) 1,046.00
Net Increase/Decrease In Cash 37.00 (105.00) 136.00 (1,345.00) 1,331.00
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 13.1 12.4 16.4 2,016.7 10.0
PEG - Adjusted n/a 3.1 0.0 n/a n/a
Earnings per Share Growth - Adjusted n/a 4% 13,927% -99% -6%
Dividend Cover 1.27 1.30 1.30 1.26 2.41
Revenue per Share 111.20p 106.60p 91.76p 0.87p 100.14p
Pre-Tax Profit per Share (46.02p) (83.83p) 118.24p (1.90p) (113.11p)
Operating Margin (27.79%) (71.81%) 132.84% (179.21%) (72.74%)
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.1 12.4 16.4 199,794.4 10.0
PEG - Adjusted n/a 3.1 0.0 n/a n/a
Earnings per Share Growth - Adjusted n/a 4% 1,389,573% -100% -6%
Dividend Cover 1.27 1.30 1.30 0.01 2.41
           
Dividend Yield 6.0% 6.2% 4.7% 0.0% 4.2%
Dividend per Share Growth 2.59% 4.32% 13,476.05% (98.83%) (49.07%)
Operating Cash Flow per Share 45.61p 46.09p 51.49p 0.32p 54.19p
Cash Incr/Decr per Share 4.99p (14.15p) 18.38p (1.83p) 179.87p
Net Asset Value per Share (exc. Intangibles) 869.64p 952.29p 1,078.78p 973.51p 1,180.54p
Net Gearing 57.83% 49.92% 55.67% 48.75% 45.57%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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