Land Securities Group (LAND)

Sector:

Property Investment Trusts

Index:

FTSE 100

630.50p
   
  • Change Today:
      8.00p
  • 52 Week High: 675.00
  • 52 Week Low: 528.50
  • Currency: UK Pounds
  • Shares Issued: 745.04m
  • Volume: 2,573,022
  • Market Cap: £4,697.51m
  • RiskGrade: 178
  • Beta: 0.00

Dividend Data

  31-Mar-2631-Mar-2531-Mar-2431-Mar-2331-Mar-22
Interim Dividend19.00pn/an/an/an/a
Final Dividend22.20p12.30p12.10p12.00pn/a
Total Dividend41.20p40.40p39.60p38.60pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Continuing Operations          
Revenue 892.00 842.00 824.00 791.00 679.00
Operating Profit/(Loss) 465.00 526.00 (227.00) (568.00) 902.00
Net Interest (119.00) (133.00) (114.00) (53.00) (60.00)
Profit Before Tax 346.00 393.00 (341.00) (622.00) 875.00
Profit After Tax 344.00 396.00 (341.00) (622.00) 875.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 344.00 396.00 (341.00) (622.00) 875.00
Attributable to:          
Equity Holders of Parent Company 343.00 396.00 (319.00) (619.00) 869.00
Minority Interests 1.00 n/a (22.00) (3.00) 6.00
           
Continuing EPS          
Earnings per Share - Basic 46.20p 53.30p (43.00p) (83.60p) 117.40p
Earnings per Share - Diluted 45.90p 53.00p (43.00p) (83.60p) 117.10p
Earnings per Share - Adjusted 51.40p 50.30p 50.10p 50.10p 48.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 46.20p 53.30p (43.00p) (83.60p) 117.40p
Earnings per Share - Diluted 45.90p 53.00p (43.00p) (83.60p) 117.10p
Earnings per Share - Adjusted 51.40p 50.30p 50.10p 50.10p 48.00p
           
Dividend per Share 41.20p 40.40p 39.60p 38.60p 37.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Assets          
Non-Current Assets          
Property, Plant & Equipment 42.00 42.00 7.00 n/a n/a
Intangible Assets 3.00 3.00 3.00 6.00 8.00
Investment Properties 10,018.00 10,034.00 9,330.00 9,658.00 11,207.00
Investments 613.00 570.00 529.00 536.00 774.00
Other Financial Assets n/a n/a 21.00 21.00 n/a
Other Non-Current Assets 193.00 251.00 179.00 213.00 238.00
  10,869.00 10,900.00 10,069.00 10,434.00 12,227.00
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 491.00 467.00 379.00 365.00 368.00
Cash at Bank & in Hand 106.00 39.00 78.00 41.00 146.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 74.00 215.00 117.00 126.00 154.00
  671.00 721.00 574.00 532.00 668.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 11,540.00 11,621.00 10,664.00 10,966.00 12,895.00
           
Liabilities          
Current Liabilities          
Borrowings 746.00 752.00 975.00 315.00 541.00
Other Current Liabilities 422.00 456.00 378.00 330.00 331.00
  1,168.00 1,208.00 1,353.00 645.00 872.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 3,749.00 3,802.00 2,805.00 3,223.00 4,012.00
Provisions 23.00 30.00 42.00 n/a n/a
Other Non-Current Liabilities 62.00 49.00 17.00 26.00 20.00
  3,834.00 3,881.00 2,864.00 3,249.00 4,032.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 5,002.00 5,089.00 4,217.00 3,894.00 4,904.00
           
Net Assets 6,538.00 6,532.00 6,447.00 7,072.00 7,991.00
           
Capital & Reserves          
Share Capital 80.00 80.00 80.00 80.00 80.00
Share Premium Account 320.00 319.00 319.00 318.00 317.00
Other Reserves 29.00 30.00 23.00 13.00 9.00
Retained Earnings 6,108.00 6,085.00 5,980.00 6,594.00 7,511.00
Shareholders Funds 6,537.00 6,514.00 6,402.00 7,005.00 7,917.00
           
Minority Interests/Other Equity 1.00 18.00 45.00 67.00 74.00
Total Equity 6,538.00 6,532.00 6,447.00 7,072.00 7,991.00
Cash Flow 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Net Cash Flow From Operating Activities 214.00 256.00 338.00 342.00 381.00
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 216.00 (383.00) (272.00) 834.00 (607.00)
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 (363.00) 88.00 (29.00) (1,281.00) 362.00
Net Increase/Decrease In Cash 67.00 (39.00) 37.00 (105.00) 136.00
Ratios - based on IFRS 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Continuing Operations          
PE Ratio - Adjusted 10.8 10.9 13.1 12.4 16.4
PEG - Adjusted 5.4 n/a n/a 3.1 0.0
Earnings per Share Growth - Adjusted 2% 0% n/a 4% 13,927%
Dividend Cover 1.25 1.25 1.27 1.30 1.30
Revenue per Share 119.72p 113.32p 111.20p 106.60p 91.76p
Pre-Tax Profit per Share 46.44p 52.89p (46.02p) (83.83p) 118.24p
Operating Margin 52.13% 62.47% (27.55%) (71.81%) 132.84%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.8 10.9 13.1 12.4 16.4
PEG - Adjusted 5.4 n/a n/a 3.1 0.0
Earnings per Share Growth - Adjusted 2% 0% n/a 4% 13,927%
Dividend Cover 1.25 1.25 1.27 1.30 1.30
           
Dividend Yield 7.5% 7.3% 6.0% 6.2% 4.7%
Dividend per Share Growth 1.98% 2.02% 2.59% 4.32% 13,476.05%
Operating Cash Flow per Share 28.72p 34.45p 45.61p 46.09p 51.49p
Cash Incr/Decr per Share 8.99p (5.25p) 4.99p (14.15p) 18.38p
Net Asset Value per Share (exc. Intangibles) 877.13p 878.74p 869.64p 952.29p 1,078.78p
Net Gearing 67.14% 69.31% 57.83% 49.92% 55.67%

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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