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LAND Land Securities Group Plc

625.40
1.20 (0.19%)
Last Updated: 10:48:58
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Land Securities Group Plc LAND London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.20 0.19% 625.40 10:48:58
Open Price Low Price High Price Close Price Previous Close
626.00 621.20 629.80 624.20
more quote information »
Industry Sector
REAL ESTATE INVESTMENT TRUSTS

Land Securities LAND Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
14/11/2023InterimGBP0.09223/11/202324/11/202302/01/2024
07/07/2023InterimGBP0.0924/08/202325/08/202306/10/2023
16/05/2023FinalGBP0.1215/06/202316/06/202321/07/2023
02/02/2023InterimGBP0.0923/02/202324/02/202306/04/2023
15/11/2022InterimGBP0.0924/11/202225/11/202203/01/2023
08/07/2022InterimGBP0.08625/08/202226/08/202207/10/2022
17/05/2022FinalGBP0.1316/06/202217/06/202222/07/2022
03/02/2022InterimGBP0.08510/03/202211/03/202207/04/2022
16/11/2021InterimGBP0.08525/11/202126/11/202104/01/2022
09/07/2021InterimGBP0.0726/08/202127/08/202108/10/2021
08/01/2020FinalGBP0.0917/06/202118/06/202123/07/2021
InterimGBP0.0625/02/202126/02/202130/03/2021
08/01/2020InterimGBP0.1226/11/202027/11/202004/01/2021
14/05/2019InterimGBP0.11628/11/201929/11/201903/01/2020
InterimGBP0.11627/11/201929/11/201903/01/2020
14/05/2019InterimGBP0.11605/09/201906/09/201904/10/2019
InterimGBP0.11604/09/201906/09/201904/10/2019
11/04/2018FinalGBP0.116520/06/201921/06/201925/07/2019
InterimGBP0.116519/06/201921/06/201925/07/2019
11/04/2018InterimGBP0.11314/03/201915/03/201912/04/2019
InterimGBP0.11313/03/201915/03/201912/04/2019

Top Dividend Posts

Top Posts
Posted at 16/5/2023 06:39 by income investor
Final 12p as opposed to 13p last year. Dividend still up over year, but never nice to see fall in quarterly dividend!
Posted at 15/11/2022 14:07 by nickrl
LAND report city offices down 9.7%!! but im surmising thats from selling Moorfields at 9% below book so isn't necessarily reflective of the wider mkt.

NRI also flattered by 19m of surrender premiums received so baseline earnings are actually only up 7m although extra finance costs also ate into earnings. However, Moorfields sale has lowered net debt by 20% so will lower finance costs for H2. So they can support the divi but could get dicey if they plough on with the developments that are ready to go unless they have reasonable level of tenant committment.
Posted at 10/11/2022 15:37 by barnes4
Land about to pop again
Posted at 26/10/2022 18:41 by williamcooper104
That's been true in past recessions; but WFH plus prime property not yet anywhere repriced for higher gilts means it mightn't be true this time - plus in a deep consumer recession retail tenants are now used to just not paying the rent; and what's a landlord to do when most of the industry isn't paying rent That said; would be more surprised than not it LAND (BL too) stay at these levels/fall much further and don't get taken private; too much dry PE money and a $7-9bn fund can easily fund a buy and break up
Posted at 26/10/2022 18:34 by giltedge1
Apparantly LAND was offered over £ 1 Billion for Moorfields back in January, but decided to market instead, must be the most expensive marketing campaign in history - £200M. Anyway, besides that slip up in a good position as in past recessions grade A offices have held up well as trophy assets for Foreign Investors, so one of the few property companies in offices that will have liquidity.
Posted at 27/9/2022 21:37 by williamcooper104
Also there's loads of PE dry powder still about At some point a break up/buy out becomes compelling Once PE too small and LAND plus BL too big But they could easily digest them now
Posted at 27/9/2022 21:09 by williamcooper104
LAND has got an excellent balance sheet with well laddered debts But agree could easily fall further
Posted at 27/9/2022 20:56 by quepassa
It's not nonsense.

It's reality.

And the sky-rocketing interest rates will hit new financing and existing floating-rate financing costs hard.

When the sector tide is fast going out, it's very hard to swim against it.

7% yield sounded great a week ago. Now gilts are yielding 4.5% for a risk-free investment with the strong likelihood of gilt yields rising even further when the BoE increases rates again, as it soon will do. Gilts at 6% are being widely forecast which makes real estate at 7% look less enticing.

It's got further to fall in the ongoing rout. The market hasn't bottomed yet.

Land is a great company but the market does what the market does, irrespective of Land's credentials.

Good Luck All.

ALL IMO. DYOR.
QP
Posted at 16/9/2022 14:51 by orinocor
The reason for the drop below 600p earlier was a not from Goldman Sachs who have put a 500p target on LAND. That looks completely mad and I'm happy to see the shares recover most of the drop.
Posted at 12/7/2022 09:59 by orinocor
British Land, Landsec and Hammerson were all under the cosh on Tuesday after RBC Capital Markets downgraded its stance on the shares, as it took a look at the London office and UK retail property markets.

The bank cut British Land to ‘underperform’ from ‘sector perform’ and slashed the price target to 375p from 475p.

"Our more cautious view of London office and UK retail property markets negatively impacts our forecasts for British Land," it said. "Furthermore, we believe a more negative macro scenario appears slightly at odds with management’s view of their markets, increasing the potential negative impact to British Land's returns.

"While we believe in more demanding tenants leading to wide-ranging trends within certain property markets, our view is it is unlikely to be supportive of attractive development returns near-term and only benefits a proportion of most REITs' existing portfolios."

Landsec was cut to ‘sector perform’ from ‘outperform217; and the target price reduced to 675p from 950p.

RBC said Landsec has made good progress in starting to implement its CEO's new strategy, but that a deterioration in the macro environment will temporarily slow further progress.

"At the same time, we expect Landsec to be negatively impacted by a weaker macroeconomic environment given a relatively high level of variable rents in its retail/leisure businesses and exposure to more economically sensitive London office markets."

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