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

LMP Overview

LondonMetric is a FTSE 250 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.LondonMetric was formed from a merger of London & Stamford Property and Metric Property Investments in 2013. It has since grown assets under management from £1.2bn to £3.6bn and pivoted the portfolio into distribution and long income assets through a significant number of sales and acquisitions.

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Financials

Latest F'cast
Div Yield 5.2% 0.0%
Div Cover 1.1 1.1
Op Mrgn 90.6% 86.7%
ROCE 2.6%  
Latest F'cast
P/E 17.8 15.0
PEG 3.1 0.8
Pr/Revenue 22.3 10.5
Pr/Book 1.0  
Latest F'cast
Revenue 21.4% 112.6%
PBT n/a 173.7%
EPS 5.8% 18.7%
DPS 7.4% 18.2%

LMP Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-20 113.40 (6.70) (0.70)p n/a n/a n/a 8.30p 4.7%
31-Mar-21 122.20 258.10 9.52p 22.4 n/a n/a 8.65p 4.0%
31-Mar-22 133.20 738.30 10.04p 27.5 4.6 +6% 9.25p 3.4%
31-Mar-23 146.70 (507.50) 10.30p 17.0 5.7 +3% 9.50p 5.4%
31-Mar-24 178.10 120.00 10.90p 18.6 3.1 +6% 10.20p 5.0%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

LMP Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-25 378.63 328.46 12.94p 15.0 0.8 +19% 12.06p 0.0%
31-Mar-26 390.42 340.15 13.39p 14.5 4.2 +4% 12.48p 0.0%
31-Mar-27 401.32 373.50 13.79p 14.1 4.8 +3% 12.85p 0.0%

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LMP Company Announcements

Holding(s) in Company 14-Jun-2024 10:30 RNS
Granting Of Share Awards 13-Jun-2024 12:15 RNS
Director/PDMR Shareholding 06-Jun-2024 14:00 RNS

LMP ShareCast News

London close: Stocks fall amid renewed global ji... 13-Jun-2024 ShareCast
LondonMetric ups divi as M&A drives solid profit... 04-Jun-2024 ShareCast
LondonMetric shakes up portfolio, exits non-core... 30-May-2024 ShareCast

LMP Top Newspaper Links

Arsenal accepts lowball offer for vacant Highbur... 29-Sep-2009 Telegraph
London & Stamford plans equity raising 12-Jun-2009 Telegraph
Commercial property prices must fall further 10p... 27-Jun-2008 Telegraph

Latest LMP Director Deals

No deals were found in the last 28 days.

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: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 5: Forecast figures based on normalised accounts.

 

LMP Market Data

Currency UK Pounds
Share Price 194.50p
Change Today -0.40p
% Change -0.21 %
52 Week High 210.20
52 Week Low 156.40
Volume 2,178,605
Shares Issued 2,040.57m
Market Cap £3,968.90m

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.05% below the market average56.05% below the market average56.05% below the market average56.05% below the market average56.05% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
1.51% below the market average1.51% below the market average1.51% below the market average1.51% below the market average1.51% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Income
48.55% above the market average48.55% above the market average48.55% above the market average48.55% above the market average48.55% above the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average
Growth
6.86% above the market average6.86% above the market average6.86% above the market average6.86% above the market average6.86% above the market average
31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% 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
  4th Interim 3rd Interim
Ex-Div 13-Jun-24 29-Feb-24
Paid 22-Jul-24 08-Apr-24
Amount 3.00p 2.40p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 20 @ 194.50p
16:35 9,279 @ 194.50p
16:35 9,593 @ 194.50p
16:35 1,050,260 @ 194.50p
16:35 6,870 @ 194.50p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

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