Land Securities Group (LAND)

Sector:

Property Investment Trusts

Index:

FTSE 100

633.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 675.50
  • 52 Week Low: 499.40
  • Currency: UK Pounds
  • Shares Issued: 744.94m
  • Volume: 9,204,654
  • Market Cap: £4,715.49m
  • RiskGrade: 178

Dividend Data

  31-Mar-2531-Mar-2431-Mar-2331-Mar-2231-Mar-21
Q1 Dividend9.20p9.00p8.60p7.00p11.60p
Q2 Dividend9.40p9.20p9.00p8.50p12.00p
Q3 Dividend9.50p9.30p9.00p8.50p6.00p
Q4 Dividendn/an/an/an/a11.65p
Total Dividend40.40p39.60p38.60p37.00p27.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
Revenue 842.00 824.00 791.00 679.00 635.00
Operating Profit/(Loss) 526.00 (227.00) (568.00) 902.00 (1,138.00)
Net Interest (133.00) (114.00) (53.00) (60.00) (63.00)
Profit Before Tax 393.00 (341.00) (622.00) 875.00 (1,393.00)
Profit After Tax 396.00 (341.00) (622.00) 875.00 (1,393.00)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 396.00 (341.00) (622.00) 875.00 (1,393.00)
Attributable to:          
Equity Holders of Parent Company 396.00 (319.00) (619.00) 869.00 (1,393.00)
Minority Interests n/a (22.00) (3.00) 6.00 n/a
           
Continuing EPS          
Earnings per Share - Basic 53.30p (43.00p) (83.60p) 117.40p (1.90p)
Earnings per Share - Diluted 53.30p (43.00p) (83.60p) 117.10p (1.90p)
Earnings per Share - Adjusted 50.30p 50.10p 50.10p 48.00p 0.34p
Continuing and Discontinued EPS          
Earnings per Share - Basic 53.30p (43.00p) (83.60p) 117.40p (1.90p)
Earnings per Share - Diluted 53.30p (43.00p) (83.60p) 117.10p (1.90p)
Earnings per Share - Adjusted 50.30p 50.10p 50.10p 48.00p 0.34p
           
Dividend per Share 40.40p 39.60p 38.60p 37.00p 0.27p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 42.00 7.00 n/a n/a n/a
Intangible Assets 3.00 3.00 6.00 8.00 8.00
Investment Properties 10,034.00 9,330.00 9,658.00 11,207.00 9,607.00
Investments 551.00 529.00 536.00 774.00 777.00
Other Financial Assets 19.00 21.00 21.00 n/a n/a
Other Non-Current Assets 251.00 179.00 213.00 238.00 192.00
  10,900.00 10,069.00 10,434.00 12,227.00 10,584.00
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 467.00 379.00 365.00 368.00 354.00
Cash at Bank & in Hand 39.00 78.00 41.00 146.00 n/a
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 215.00 117.00 126.00 154.00 52.00
  721.00 574.00 532.00 668.00 406.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 11,621.00 10,664.00 10,966.00 12,895.00 10,990.00
           
Liabilities          
Current Liabilities          
Borrowings 752.00 975.00 315.00 541.00 906.00
Other Current Liabilities 456.00 378.00 330.00 331.00 259.00
  1,208.00 1,353.00 645.00 872.00 1,165.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 3,802.00 2,805.00 3,223.00 4,012.00 2,610.00
Provisions 30.00 42.00 n/a n/a n/a
Other Non-Current Liabilities 49.00 17.00 26.00 20.00 3.00
  3,881.00 2,864.00 3,249.00 4,032.00 2,613.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 5,089.00 4,217.00 3,894.00 4,904.00 3,778.00
           
Net Assets 6,532.00 6,447.00 7,072.00 7,991.00 7,212.00
           
Capital & Reserves          
Share Capital 80.00 80.00 80.00 80.00 80.00
Share Premium Account 319.00 319.00 318.00 317.00 317.00
Other Reserves 30.00 23.00 13.00 9.00 28.00
Retained Earnings 6,085.00 5,980.00 6,594.00 7,511.00 6,787.00
Shareholders Funds 6,514.00 6,402.00 7,005.00 7,917.00 7,212.00
           
Minority Interests/Other Equity 18.00 45.00 67.00 74.00 n/a
Total Equity 6,532.00 6,447.00 7,072.00 7,991.00 7,212.00
Cash Flow 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Net Cash Flow From Operating Activities 256.00 338.00 342.00 381.00 233.00
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 (383.00) (272.00) 834.00 (607.00) 334.00
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 88.00 (29.00) (1,281.00) 362.00 (1,912.00)
Net Increase/Decrease In Cash (39.00) 37.00 (105.00) 136.00 (1,345.00)
Ratios - based on IFRS 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
PE Ratio - Adjusted 10.9 13.1 12.4 16.4 2,016.7
PEG - Adjusted n/a n/a 3.1 0.0 n/a
Earnings per Share Growth - Adjusted 0% n/a 4% 13,927% -99%
Dividend Cover 1.25 1.27 1.30 1.30 1.26
Revenue per Share 113.03p 110.61p 106.60p 91.76p 85.81p
Pre-Tax Profit per Share 52.76p (45.77p) (83.83p) 118.24p (188.24p)
Operating Margin 62.47% (27.55%) (71.81%) 132.84% (179.21%)
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.9 13.1 12.4 16.4 2,016.7
PEG - Adjusted n/a n/a 3.1 0.0 n/a
Earnings per Share Growth - Adjusted 0% n/a 4% 13,927% -99%
Dividend Cover 1.25 1.27 1.30 1.30 1.26
           
Dividend Yield 7.3% 6.0% 6.2% 4.7% 0.0%
Dividend per Share Growth 2.02% 2.59% 4.32% 13,476.05% (98.83%)
Operating Cash Flow per Share 34.37p 45.37p 46.09p 51.49p 0.32p
Cash Incr/Decr per Share (5.24p) 4.97p (14.15p) 18.38p (181.76p)
Net Asset Value per Share (exc. Intangibles) 876.44p 865.03p 952.29p 1,078.78p 973.51p
Net Gearing 69.31% 57.83% 49.92% 55.67% 48.75%

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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