LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 100

185.30p
   
  • Change Today:
      0.40p
  • 52 Week High: 210.20p
  • 52 Week Low: 180.00p
  • Currency: UK Pounds
  • Shares Issued: 2,047.31m
  • Volume: 5,099,182
  • Market Cap: £3,793.66m
  • Beta: 0.93

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 185.30p
Change Today 0.40p
% Change 0.22 %
52 Week High 210.20p
52 Week Low 180.00p
Volume 5,099,182
Shares Issued 2,047.31m
Market Cap £3,793.66m
Beta 0.93

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.71% below the market average53.71% below the market average53.71% below the market average53.71% below the market average53.71% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
8.67% below the market average8.67% below the market average8.67% below the market average8.67% below the market average8.67% below the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average
Income
50.68% above the market average50.68% above the market average50.68% above the market average50.68% above the market average50.68% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average
Growth
15.74% above the market average15.74% above the market average15.74% above the market average15.74% above the market average15.74% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 5
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
  1st Interim 4th Interim
Ex-Div 29-Aug-24 13-Jun-24
Paid 08-Oct-24 22-Jul-24
Amount 2.85p 3.00p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 1,211 @ 185.30p
16:29 114 @ 185.20p
16:29 427 @ 185.12p
16:27 640 @ 185.10p
16:27 1,456 @ 185.10p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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