LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 100

197.30p
   
  • Change Today:
      1.20p
  • 52 Week High: 209.00
  • 52 Week Low: 170.50
  • Currency: UK Pounds
  • Shares Issued: 2,079.46m
  • Volume: 13,453,475
  • Market Cap: £4,102.78m
  • Beta: 0.01

Dividend Data

  31-Mar-2531-May-2431-Mar-2331-Mar-2231-Mar-21
1st Interim2.85p2.40p2.30p2.20p2.10p
2nd Interim2.85p2.40p2.30p2.20p2.10p
3rd Interim3.00p2.40p2.30p2.20p2.10p
4th Interim3.30p3.00p2.60p2.65p2.35p
Total Dividend12.00p13.05p9.50p9.25p8.65p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-25 31-May-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
Revenue 396.70 178.10 146.70 133.20 122.20
Operating Profit/(Loss) 464.70 161.30 (473.60) 762.20 275.50
Net Interest (111.90) (41.30) (33.90) (23.90) (24.30)
Profit Before Tax 352.80 120.00 (507.50) 738.30 258.10
Profit After Tax 350.60 119.90 (507.60) 738.20 258.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 350.60 119.90 (507.60) 738.20 258.00
Attributable to:          
Equity Holders of Parent Company 347.90 118.70 (506.30) 734.50 257.30
Minority Interests 2.70 1.20 (1.30) 3.70 0.70
           
Continuing EPS          
Earnings per Share - Basic 20.53p 9.06p (51.80p) 78.80p 28.60p
Earnings per Share - Diluted 20.41p 9.06p (51.80p) 78.40p 28.50p
Earnings per Share - Adjusted 15.73p 9.32p 10.30p 10.04p 9.52p
Continuing and Discontinued EPS          
Earnings per Share - Basic 20.53p 9.06p (51.80p) 78.80p 28.60p
Earnings per Share - Diluted 20.41p 9.06p (51.80p) 78.40p 28.50p
Earnings per Share - Adjusted 15.73p 9.32p 10.30p 10.04p 9.52p
           
Dividend per Share 14.41p 11.15p 9.50p 9.25p 8.65p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-25 31-May-24 31-Mar-23 31-Mar-22 31-Mar-21
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 6,383.90 6,232.20 2,944.90 3,494.60 2,504.60
Investments 71.90 69.20 61.50 72.60 59.20
Other Financial Assets 23.70 32.60 n/a n/a n/a
Other Non-Current Assets 21.70 1.70 12.30 1.30 0.30
  6,501.20 6,335.70 3,018.70 3,568.50 2,564.10
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables n/a n/a 5.80 13.10 9.80
Cash at Bank & in Hand 13.70 21.40 32.60 51.30 51.40
Current Asset Investments 81.20 111.90 n/a n/a n/a
Other Current Assets 11.50 9.60 20.90 22.30 1.10
  106.40 142.90 59.30 86.70 62.30
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 6,607.60 6,478.60 3,078.00 3,655.20 2,626.40
           
Liabilities          
Current Liabilities          
Borrowings 348.40 44.60 65.00 n/a n/a
Other Current Liabilities 151.50 164.40 65.90 59.40 46.00
  499.90 209.00 130.90 59.40 46.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,751.70 2,077.60 951.90 1,026.00 842.70
Provisions 10.10 9.60 n/a n/a n/a
Other Non-Current Liabilities 222.00 212.90 n/a n/a n/a
  1,983.80 2,300.10 951.90 1,026.00 842.70
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,483.70 2,509.10 1,082.80 1,085.40 888.70
           
Net Assets 4,123.90 3,969.50 1,995.20 2,569.80 1,737.70
           
Capital & Reserves          
Share Capital 204.80 203.70 98.30 97.90 91.00
Share Premium Account 425.90 404.70 395.50 386.80 219.30
Other Reserves 2,327.30 2,342.00 499.90 500.70 497.30
Retained Earnings 1,136.20 991.10 973.60 1,574.30 923.70
Shareholders Funds 4,094.20 3,941.50 1,967.30 2,559.70 1,731.30
           
Minority Interests/Other Equity 29.70 28.00 27.90 10.10 6.40
Total Equity 4,123.90 3,969.50 1,995.20 2,569.80 1,737.70
Cash Flow 31-Mar-25 31-May-24 31-Mar-23 31-Mar-22 31-Mar-21
Net Cash Flow From Operating Activities 316.90 123.10 133.00 119.50 99.60
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 (7.90) 206.10 (17.40) (367.20) (46.40)
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 (339.70) (249.90) (134.30) 247.60 (83.60)
Net Increase/Decrease In Cash (30.70) 79.30 (18.70) (0.10) (30.40)
Ratios - based on IFRS 31-Mar-25 31-May-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
PE Ratio - Adjusted 11.7 21.9 17.0 27.5 22.4
PEG - Adjusted 0.2 n/a 5.7 4.6 n/a
Earnings per Share Growth - Adjusted 69% -10% 3% 6% n/a
Dividend Cover 1.09 0.84 1.08 1.09 1.10
Revenue per Share 22.91p 7.32p 14.99p 14.30p 13.59p
Pre-Tax Profit per Share 20.37p 4.93p (51.87p) 79.26p 28.71p
Operating Margin 117.14% 90.57% (322.84%) 572.22% 225.45%
Return on Capital Employed 8.95% 2.26% n/a 21.20% 10.94%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.7 25.6 17.0 27.5 22.4
PEG - Adjusted 0.1 n/a 5.7 4.6 n/a
Earnings per Share Growth - Adjusted 137% -23% 3% 6% n/a
Dividend Cover 1.31 0.71 1.08 1.09 1.10
           
Dividend Yield 7.9% 5.5% 5.4% 3.4% 4.0%
Dividend per Share Growth 29.16% 17.42% 2.70% 6.94% 4.22%
Operating Cash Flow per Share 18.30p 5.06p 13.59p 12.83p 11.08p
Cash Incr/Decr per Share (1.77p) 3.26p (1.91p) (0.011p) (3.38p)
Net Asset Value per Share (exc. Intangibles) 198.32p 190.89p 203.90p 275.88p 193.27p
Net Gearing 50.96% 53.30% 50.03% 38.08% 45.71%

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: 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: Forecast figures based on normalised accounts.

 

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