LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 100

188.30p
   
  • Change Today:
      1.10p
  • 52 Week High: 212.60
  • 52 Week Low: 177.50
  • Currency: UK Pounds
  • Shares Issued: 2,344.78m
  • Volume: 4,409,673
  • Market Cap: £4,415.22m

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Dividend Data

  31-Mar-2631-May-2531-May-2431-Dec-2331-Mar-23
1st Interim3.05p2.85p2.40pn/an/a
2nd Interim3.05p2.85p2.40pn/an/a
3rd Interim3.05p3.00p2.40pn/an/a
4th Interim3.30p3.30p3.00pn/an/a
Total Dividend12.45p12.00p13.05pn/an/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-26 31-May-25 31-May-24 31-Dec-23 31-Mar-23
Continuing Operations          
Revenue 464.60 396.70 178.10 178.10 146.70
Operating Profit/(Loss) 447.70 458.60 161.30 161.30 (473.60)
Net Interest (155.30) (111.90) (41.30) (41.30) (33.90)
Profit Before Tax 297.10 352.80 120.00 120.00 (507.50)
Profit After Tax 295.40 350.60 119.90 119.90 (507.60)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 295.40 350.60 119.90 119.90 (507.60)
Attributable to:          
Equity Holders of Parent Company 295.70 347.90 118.70 118.70 (506.30)
Minority Interests (0.30) 2.70 1.20 1.20 (1.30)
           
Continuing EPS          
Earnings per Share - Basic 15.61p 17.10p 9.06p 14.07p (51.80p)
Earnings per Share - Diluted 15.61p 17.00p 9.06p 14.07p (51.80p)
Earnings per Share - Adjusted 16.21p 13.10p 9.32p 14.47p 10.30p
Continuing and Discontinued EPS          
Earnings per Share - Basic 15.61p 17.10p 9.06p 14.07p (51.80p)
Earnings per Share - Diluted 15.61p 17.00p 9.06p 14.07p (51.80p)
Earnings per Share - Adjusted 16.21p 13.10p 9.32p 14.47p 10.30p
           
Dividend per Share 14.95p 12.00p 11.15p 17.32p 9.50p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-26 31-May-25 31-May-24 31-Dec-23 31-Mar-23
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 7,819.00 6,383.90 6,232.20 6,232.20 2,944.90
Investments 100.70 93.60 69.20 69.20 61.50
Other Financial Assets 16.20 23.70 32.60 32.60 n/a
Other Non-Current Assets n/a n/a 1.70 1.70 12.30
  7,935.90 6,501.20 6,335.70 6,335.70 3,018.70
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables n/a n/a n/a n/a 5.80
Cash at Bank & in Hand 27.90 13.70 21.40 21.40 32.60
Current Asset Investments 143.40 81.20 111.90 111.90 n/a
Other Current Assets 48.90 11.50 9.60 9.60 20.90
  220.20 106.40 142.90 142.90 59.30
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 8,156.10 6,607.60 6,478.60 6,478.60 3,078.00
           
Liabilities          
Current Liabilities          
Borrowings 93.60 348.40 44.60 44.60 65.00
Other Current Liabilities 191.00 151.50 164.40 8.60 65.90
  284.60 499.90 209.00 53.20 130.90
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 2,899.60 1,751.70 2,077.60 2,077.60 951.90
Provisions 11.30 10.10 9.60 9.60 n/a
Other Non-Current Liabilities 227.70 222.00 212.90 212.90 n/a
  3,138.60 1,983.80 2,300.10 2,300.10 951.90
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 3,423.20 2,483.70 2,509.10 2,509.10 1,082.80
           
Net Assets 4,732.90 4,123.90 3,969.50 3,969.50 1,995.20
           
Capital & Reserves          
Share Capital 234.40 204.80 203.70 203.70 98.30
Share Premium Account 451.00 425.90 404.70 404.70 395.50
Other Reserves 2,867.90 2,327.30 2,342.00 2,342.00 499.90
Retained Earnings 1,161.00 1,136.20 991.10 991.10 973.60
Shareholders Funds 4,714.30 4,094.20 3,941.50 3,941.50 1,967.30
           
Minority Interests/Other Equity 18.60 29.70 28.00 28.00 27.90
Total Equity 4,732.90 4,123.90 3,969.50 3,969.50 1,995.20
Cash Flow 31-Mar-26 31-May-25 31-May-24 31-Dec-23 31-Mar-23
Net Cash Flow From Operating Activities 362.20 316.90 123.10 123.10 133.00
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 (303.80) (7.90) 206.10 206.10 (17.40)
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 3.80 (339.70) (249.90) (249.90) (134.30)
Net Increase/Decrease In Cash 62.20 (30.70) 79.30 79.30 (18.70)
Ratios - based on IFRS 31-Mar-26 31-May-25 31-May-24 31-Dec-23 31-Mar-23
Continuing Operations          
PE Ratio - Adjusted 11.2 15.4 21.9 13.2 17.0
PEG - Adjusted 0.5 0.4 n/a 0.3 5.7
Earnings per Share Growth - Adjusted 24% 41% -36% 40% 3%
Dividend Cover 1.08 1.09 0.84 0.84 1.08
Revenue per Share 23.79p 16.92p 18.24p 21.16p 14.99p
Pre-Tax Profit per Share 15.21p 15.05p 12.29p 14.26p (51.87p)
Operating Margin 96.36% 115.60% 90.57% 90.57% (322.84%)
Return on Capital Employed 7.02% 7.45% 6.35% 3.51% n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.3 15.4 9.1 10.0 17.0
PEG - Adjusted 0.2 n/a 0.6 0.1 5.7
Earnings per Share Growth - Adjusted 49% -41% 16% 86% 3%
Dividend Cover 1.30 1.09 2.01 1.11 1.08
           
Dividend Yield 8.2% 6.0% 5.5% 9.0% 5.4%
Dividend per Share Growth 24.57% 7.57% (35.60%) 82.33% 2.70%
Operating Cash Flow per Share 18.55p 13.52p 4.49p 14.63p 13.59p
Cash Incr/Decr per Share 3.19p (1.31p) 8.12p 9.42p (1.91p)
Net Asset Value per Share (exc. Intangibles) 201.85p 175.88p 169.29p 355.37p 203.90p
Net Gearing 62.90% 50.96% 53.30% 53.30% 50.03%

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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