Land Securities Group (LAND)

Sector:

Property Investment Trusts

Index:

FTSE 100

654.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 725.20
  • 52 Week Low: 559.40
  • Currency: UK Pounds
  • Shares Issued: 744.89m
  • Volume: 1,206,685
  • Market Cap: £4,871.56m
  • RiskGrade: 178

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
Q1 Dividend8.60p7.00pn/a11.60p11.30p
Q2 Dividend9.00p8.50p12.00p11.60p11.30p
Q3 Dividend9.00p8.50p6.00pn/a11.30p
Q4 Dividendn/an/an/an/a11.65p
Total Dividend38.60p37.00p27.00p23.20p45.55p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 791.00 679.00 635.00 741.00 757.00
Operating Profit/(Loss) (568.00) 902.00 (1,138.00) (539.00) 45.00
Net Interest (53.00) (60.00) (63.00) (147.00) (83.00)
Profit Before Tax (622.00) 875.00 (1,393.00) (837.00) (123.00)
Profit After Tax (622.00) 875.00 (1,393.00) (832.00) (119.00)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (622.00) 875.00 (1,393.00) (832.00) (119.00)
Attributable to:          
Equity Holders of Parent Company (619.00) 869.00 (1,393.00) (832.00) (119.00)
Minority Interests (3.00) 6.00 n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (83.60p) 117.40p (1.90p) (112.40p) (16.10p)
Earnings per Share - Diluted (83.60p) 117.10p (1.90p) (112.40p) (16.10p)
Earnings per Share - Adjusted 50.10p 48.00p 0.34p 55.90p 59.70p
Continuing and Discontinued EPS          
Earnings per Share - Basic (83.60p) 117.40p (1.90p) (112.40p) (16.10p)
Earnings per Share - Diluted (83.60p) 117.10p (1.90p) (112.40p) (16.10p)
Earnings per Share - Adjusted 50.10p 48.00p 0.34p 55.90p 59.70p
           
Dividend per Share 38.60p 37.00p 0.27p 23.20p 45.55p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets 6.00 8.00 8.00 14.00 20.00
Investment Properties 9,658.00 11,207.00 9,607.00 11,297.00 12,094.00
Investments 557.00 774.00 777.00 980.00 1,190.00
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 213.00 238.00 192.00 210.00 206.00
  10,434.00 12,227.00 10,584.00 12,501.00 13,510.00
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 365.00 368.00 354.00 433.00 437.00
Cash at Bank & in Hand 41.00 146.00 n/a 1,345.00 14.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 126.00 154.00 52.00 81.00 73.00
  532.00 668.00 406.00 1,859.00 524.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 10,966.00 12,895.00 10,990.00 14,360.00 14,034.00
           
Liabilities          
Current Liabilities          
Borrowings 315.00 541.00 906.00 977.00 934.00
Other Current Liabilities 330.00 331.00 259.00 272.00 291.00
  645.00 872.00 1,165.00 1,249.00 1,225.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 3,223.00 4,012.00 2,610.00 4,355.00 2,847.00
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 26.00 20.00 3.00 6.00 42.00
  3,249.00 4,032.00 2,613.00 4,361.00 2,889.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 3,894.00 4,904.00 3,778.00 5,610.00 4,114.00
           
Net Assets 7,072.00 7,991.00 7,212.00 8,750.00 9,920.00
           
Capital & Reserves          
Share Capital 80.00 80.00 80.00 80.00 80.00
Share Premium Account 318.00 317.00 317.00 317.00 317.00
Other Reserves 13.00 9.00 28.00 27.00 26.00
Retained Earnings 6,594.00 7,511.00 6,787.00 8,326.00 9,497.00
Shareholders Funds 7,005.00 7,917.00 7,212.00 8,750.00 9,920.00
           
Minority Interests/Other Equity 67.00 74.00 n/a n/a n/a
Total Equity 7,072.00 7,991.00 7,212.00 8,750.00 9,920.00
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 342.00 381.00 233.00 401.00 424.00
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 834.00 (607.00) 334.00 (116.00) (166.00)
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 (1,281.00) 362.00 (1,912.00) 1,046.00 (306.00)
Net Increase/Decrease In Cash (105.00) 136.00 (1,345.00) 1,331.00 (48.00)
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 12.4 16.4 2,016.7 10.0 15.3
PEG - Adjusted 3.1 0.0 n/a n/a 1.3
Earnings per Share Growth - Adjusted 4% 13,927% -99% -6% 12%
Dividend Cover 1.30 1.30 1.26 2.41 1.31
Revenue per Share 106.89p 91.76p 0.87p 100.14p 102.30p
Pre-Tax Profit per Share (84.05p) 118.24p (1.90p) (113.11p) (16.62p)
Operating Margin (71.81%) 132.84% (179.21%) (72.74%) 5.94%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.4 16.4 199,794.4 10.0 15.3
PEG - Adjusted 3.1 0.0 n/a n/a 1.3
Earnings per Share Growth - Adjusted 4% 1,389,573% -100% -6% 12%
Dividend Cover 1.30 1.30 0.01 2.41 1.31
           
Dividend Yield 6.2% 4.7% 0.0% 4.2% 5.0%
Dividend per Share Growth 4.32% 13,476.05% (98.83%) (49.07%) 3.05%
Operating Cash Flow per Share 46.22p 51.49p 0.32p 54.19p 57.30p
Cash Incr/Decr per Share (14.19p) 18.38p (1.83p) 179.87p (6.49p)
Net Asset Value per Share (exc. Intangibles) 954.87p 1,078.78p 973.51p 1,180.54p 1,337.84p
Net Gearing 49.92% 55.67% 48.75% 45.57% 37.97%

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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