LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 250

194.50p
   
  • Change Today:
    -0.40p
  • 52 Week High: 210.20
  • 52 Week Low: 156.40
  • Currency: UK Pounds
  • Shares Issued: 2,040.57m
  • Volume: 2,178,605
  • Market Cap: £3,968.90m

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
1st Interim2.40p2.30p2.20p2.10p2.00p
2nd Interim2.40p2.30p2.20p2.10p2.00p
3rd Interim2.40p2.30p2.20p2.10p2.00p
4th Interim3.00p2.60p2.65p2.35p2.30p
Total Dividend10.20p9.50p9.25p8.65p8.30p
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 178.10 146.70 133.20 122.20 113.40
Operating Profit/(Loss) 161.30 (473.60) 762.20 275.50 30.50
Net Interest (41.30) (33.90) (23.90) (24.30) (28.30)
Profit Before Tax 120.00 (507.50) 738.30 258.10 (6.70)
Profit After Tax 119.90 (507.60) 738.20 258.00 (6.90)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 119.90 (507.60) 738.20 258.00 (6.90)
Attributable to:          
Equity Holders of Parent Company 118.70 (506.30) 734.50 257.30 (5.70)
Minority Interests 1.20 (1.30) 3.70 0.70 (1.20)
           
Continuing EPS          
Earnings per Share - Basic 10.60p (51.80p) 78.80p 28.60p (0.70p)
Earnings per Share - Diluted 10.60p (51.80p) 78.40p 28.50p (0.70p)
Earnings per Share - Adjusted 10.90p 10.30p 10.04p 9.52p (0.70p)
Continuing and Discontinued EPS          
Earnings per Share - Basic 10.60p (51.80p) 78.80p 28.60p (0.70p)
Earnings per Share - Diluted 10.60p (51.80p) 78.40p 28.50p (0.70p)
Earnings per Share - Adjusted 10.90p 10.30p 10.04p 9.52p (0.70p)
           
Dividend per Share 10.20p 9.50p 9.25p 8.65p 8.30p
  £ (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 n/a n/a n/a n/a n/a
Investment Properties 6,232.20 2,944.90 3,494.60 2,504.60 2,273.60
Investments 69.20 61.50 72.60 59.20 54.10
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 34.30 12.30 1.30 0.30 0.40
  6,335.70 3,018.70 3,568.50 2,564.10 2,328.10
Current Assets          
Inventories n/a n/a n/a n/a 1.10
Trade & Other Receivables 21.40 5.80 13.10 9.80 7.80
Cash at Bank & in Hand 111.90 32.60 51.30 51.40 81.80
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 9.60 20.90 22.30 1.10 n/a
  142.90 59.30 86.70 62.30 90.70
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 6,478.60 3,078.00 3,655.20 2,626.40 2,418.80
           
Liabilities          
Current Liabilities          
Borrowings 44.60 65.00 n/a n/a n/a
Other Current Liabilities 164.40 65.90 59.40 46.00 42.60
  209.00 130.90 59.40 46.00 42.60
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 2,077.60 951.90 1,026.00 842.70 932.60
Provisions 9.60 n/a n/a n/a n/a
Other Non-Current Liabilities 212.90 n/a n/a n/a 4.70
  2,300.10 951.90 1,026.00 842.70 937.30
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,509.10 1,082.80 1,085.40 888.70 979.90
           
Net Assets 3,969.50 1,995.20 2,569.80 1,737.70 1,438.90
           
Capital & Reserves          
Share Capital 203.70 98.30 97.90 91.00 84.20
Share Premium Account 404.70 395.50 386.80 219.30 106.30
Other Reserves 2,342.00 499.90 500.70 497.30 498.00
Retained Earnings 991.10 973.60 1,574.30 923.70 743.30
Shareholders Funds 3,941.50 1,967.30 2,559.70 1,731.30 1,431.80
           
Minority Interests/Other Equity 28.00 27.90 10.10 6.40 7.10
Total Equity 3,969.50 1,995.20 2,569.80 1,737.70 1,438.90
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 123.10 133.00 119.50 99.60 63.20
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 206.10 (17.40) (367.20) (46.40) (193.70)
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 (249.90) (134.30) 247.60 (83.60) 191.70
Net Increase/Decrease In Cash 79.30 (18.70) (0.10) (30.40) 61.20
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 18.6 17.0 27.5 22.4 n/a
PEG - Adjusted 3.1 5.7 4.6 n/a n/a
Earnings per Share Growth - Adjusted 6% 3% 6% n/a n/a
Dividend Cover 1.07 1.08 1.09 1.10 (0.08)
Revenue per Share 8.73p 14.99p 14.30p 0.14p 14.10p
Pre-Tax Profit per Share 5.88p (51.87p) 79.26p 0.29p (0.83p)
Operating Margin 90.57% (322.84%) 572.22% 225.45% 26.90%
Return on Capital Employed 2.64% n/a 21.20% 0.11% 0.91%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.6 17.0 27.5 2,222.8 n/a
PEG - Adjusted 3.1 5.7 0.0 n/a n/a
Earnings per Share Growth - Adjusted 6% 3% 10,348% n/a n/a
Dividend Cover 1.07 1.08 1.09 0.01 (0.08)
           
Dividend Yield 5.0% 5.4% 3.4% 4.0% 4.7%
Dividend per Share Growth 7.37% 2.70% 6.94% 4.22% 1.22%
Operating Cash Flow per Share 6.03p 13.59p 12.83p 11.08p 7.86p
Cash Incr/Decr per Share 3.89p (1.91p) (0.011p) (0.034p) 7.61p
Net Asset Value per Share (exc. Intangibles) 194.53p 203.90p 275.88p 193.27p 178.92p
Net Gearing 51.00% 50.03% 38.08% 45.71% 59.42%

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: 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.

 

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