LondonMetric Property Overview and Financial Information

LondonMetric Property is a UK-based real estate investment trust that focuses on logistics and industrial properties. LondonMetric Property was founded in 2006.

The company has a portfolio of over 13 million square feet of space across the UK, with a strong presence in key locations such as London, the Midlands, and the North West.

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms.

The company has a significant portfolio with 17 million sq ft under management.

Its logistics platform is a major asset, providing a strong foundation for the company's growth.

LondonMetric's focus on a grocery-led long income portfolio is a key aspect of its business strategy.

Earnings are forecast to grow 15.15% per year, which is a promising indicator of the company's financial health.

This growth rate is a significant improvement from previous years, demonstrating the company's ability to adapt and thrive.

LondonMetric became profitable this year, marking an important milestone in its development.

LondonMetric Property has a strong leadership team in place, with Andrew Jones serving as the Chief Executive Officer since 2013. He has over 25 years of experience in the property industry.

The company's Board of Directors is responsible for setting the overall strategy and direction of the business. The Board consists of experienced professionals with a deep understanding of the property market.

Andrew Jones has been instrumental in driving the company's growth and success, with a focus on delivering strong returns to investors. Under his leadership, LondonMetric has expanded its portfolio and increased its revenue.

The company's governance structure is designed to ensure that the interests of all stakeholders are protected. This includes the appointment of independent non-executive directors to the Board.

LondonMetric's commitment to governance has earned it a strong reputation in the industry. The company is a member of the UK Green Building Council and the British Property Federation.

LondonMetric Property has been making headlines with several significant updates. LondonMetric Property Sells Noncore Assets, Buys New Properties in UK, which was reported on January 15th.

The company has been actively selling off non-core properties, with the sale of 10 UK properties fetching a total of £74 million on the same day. LondonMetric sells off 10 UK properties for GBP74 million.

In addition to selling off non-core assets, LondonMetric Property has also been expanding its portfolio by acquiring new properties. On January 15th, the company announced the acquisition of seven properties for £50.1 million, marking a significant investment in the UK property market.

Here's a breakdown of the company's recent transactions:

QuotedData's Weekly News Update is a regular feature that keeps you informed about the latest developments in the world of property.

Andrew Jones from LondonMetric Property was featured in the update on Friday 22nd September 2023.

Here are the key dates mentioned in the update:

The update also mentions the company LondonMetric Property, which is abbreviated as LMP.

LondonMetric Property Plc has been making some big moves in the market. They've sold off 10 UK properties for a whopping £74 million. This is a significant transaction, and it's likely to have a big impact on the company's finances.

In other news, LondonMetric has acquired seven new properties for £50.1 million. This is a strategic move to expand their portfolio and increase their revenue. It's a great example of the company's focus on growth and expansion.

Analysts have been weighing in on LondonMetric's performance, with Jefferies raising their recommendation for Spirax and Peel Hunt cutting their rating for Grainger. This is a sign that the market is taking notice of LondonMetric's moves and is adjusting its expectations accordingly.

Here are some key dates to keep an eye on:

LondonMetric Property is a FTSE 250 REIT with a leading listed logistics platform and a grocery-led long income portfolio, managing 17 million sq ft.

The company's market capitalization is £3.94 billion GBP, with a free float of £1.92 billion. Its shares outstanding are 2.05 billion.

LondonMetric's price-to-earnings ratio (P/E) is 17.34, lower than the REITs industry average. Its earnings are forecast to grow 15.15% per year.

Here's a breakdown of the company's key financial statistics:

LondonMetric's annual dividend is 11.10 GBX, with an annual dividend yield of 5.78%.

LondonMetric Property is a REIT that owns and manages a £6bn portfolio of desirable UK real estate.

The company merged with LXi REIT in March 2024, creating a combined portfolio of just short of 600 individual property investments across five broad market sectors.

LondonMetric prides itself on its fully integrated approach to ESG, where improving asset sustainability credentials and value enhancement go hand in hand.

A Paris-aligned Net Zero target for LXi REIT was published in May 2023, and an updated combined portfolio pathway will be released in H1-2025.

The company has significantly increased its Scope 3 emissions data coverage to over 70% of the portfolio over the last twelve months.

Regular dialogue on ESG matters has been established with the majority of LondonMetric's key occupiers.

LondonMetric Property operates in a competitive UK logistics property market, where it competes with other large players such as Segro and Hammerson.

Segro is a leading owner, developer, and manager of commercial property in the UK and Europe, with a portfolio of over 7.3 million square meters of space.

Hammerson is a UK-based retail property company with a portfolio of 22.7 million square feet of retail and leisure space across the UK and Europe.

LondonMetric's focus on the UK logistics market allows it to differentiate itself from its competitors, who have a broader focus on retail and leisure properties.