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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Land Securities Group Plc | LAND | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 6.50 | 1.16% | 566.00 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 559.00 | 557.50 | 567.00 | 566.00 | 559.50 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 15/11/2024 | Interim | GBP | 0.094 | 28/11/2024 | 29/11/2024 | 08/01/2025 |
| 12/07/2024 | Interim | GBP | 0.092 | 22/08/2024 | 23/08/2024 | 04/10/2024 |
| 17/05/2024 | Final | GBP | 0.121 | 13/06/2024 | 14/06/2024 | 26/07/2024 |
| 01/02/2024 | Interim | GBP | 0.093 | 22/02/2024 | 23/02/2024 | 12/04/2024 |
| 14/11/2023 | Interim | GBP | 0.092 | 23/11/2023 | 24/11/2023 | 02/01/2024 |
| 07/07/2023 | Interim | GBP | 0.09 | 24/08/2023 | 25/08/2023 | 06/10/2023 |
| 16/05/2023 | Final | GBP | 0.12 | 15/06/2023 | 16/06/2023 | 21/07/2023 |
| 02/02/2023 | Interim | GBP | 0.09 | 23/02/2023 | 24/02/2023 | 06/04/2023 |
| 15/11/2022 | Interim | GBP | 0.09 | 24/11/2022 | 25/11/2022 | 03/01/2023 |
| 08/07/2022 | Interim | GBP | 0.086 | 25/08/2022 | 26/08/2022 | 07/10/2022 |
| 17/05/2022 | Final | GBP | 0.13 | 16/06/2022 | 17/06/2022 | 22/07/2022 |
| 03/02/2022 | Interim | GBP | 0.085 | 10/03/2022 | 11/03/2022 | 07/04/2022 |
| 16/11/2021 | Interim | GBP | 0.085 | 25/11/2021 | 26/11/2021 | 04/01/2022 |
| 09/07/2021 | Interim | GBP | 0.07 | 26/08/2021 | 27/08/2021 | 08/10/2021 |
| 08/01/2020 | Final | GBP | 0.09 | 17/06/2021 | 18/06/2021 | 23/07/2021 |
| Interim | GBP | 0.06 | 25/02/2021 | 26/02/2021 | 30/03/2021 | |
| 08/01/2020 | Interim | GBP | 0.12 | 26/11/2020 | 27/11/2020 | 04/01/2021 |
| Top Posts |
|---|
Posted at 15/11/2024 08:19 by hugepants strong interim resultsMark Allan, Chief Executive of Landsec, commented: "Our operational outperformance continues, with further growth in occupancy and positive rental uplifts across our retail and London portfolio, which is translating into accelerated income growth. Combined with our focus on cost efficiencies, we therefore raise our outlook for EPRA EPS and now expect FY25 to be in line with last year's level despite £0.5bn of net disposals over the past year, and for this outperformance to flow through into FY26. At the same time, property values have stabilised, with growth in rental values driving a modest increase in capital values, resulting in a positive total return on equity. We expect these trends to persist, as customer demand for our best-in-class space remains robust and investment market activity has started to pick up. We have continued to reposition our portfolio towards higher-return opportunities and are confident of deploying further capital towards this in the second half. Having managed our balance sheet well as markets corrected, we are now well placed to deliver growth and attractive returns." ¾ EPRA earnings of £186m, up £1m vs prior period after adjusting for £13m lower surrender receipts ¾ EPRA EPS at top end of expectations at 25.0p, as better than expected 3.4% LFL net income growth and 2.2ppt improvement in operating margin offset earnings impact from non-core asset disposals ¾ Total dividend up 2.2% to 18.6p per share, in line with guidance of low single digit percentage growth ¾ Profit before tax up to £243m, as 2.1% ERV growth resulted in £91m or 0.9% uplift in portfolio value ¾ Total return on equity of 3.9% over six months, with 1.4% increase in EPRA NTA per share to 871p ¾ Maintained strong balance sheet with 7.4x net debt/EBITDA and a 34.9% Group LTV ¾ Upgrade in EPS outlook due to higher LFL income growth and cost efficiencies, with FY25 EPRA EPS now expected to be in line with the 50.1 pence delivered in FY24 and FY26 expected to be ahead of this, before any upside from potential future acquisitions |
Posted at 12/6/2024 15:45 by petersinthemarket LAND: Diversified REITS: Div c40p; paid Qtly; Yld c6%; The largest commercial property development and investment company in the UK. Next xDiv c15june, then xDiv c24august. Property largely in central London, but has started to diversify into premium quality property outside the centre. share price a bit bombed out but recovering well.Yes, you got it - I hold And it is too quiet here. pete |
Posted at 12/6/2024 15:38 by petersinthemarket Still quiet!7 June 2024: Midas: Commercial property firms have been through the wringer lately. Even when borrowing costs were low, the rise in online shopping left bricks-and-mortar retailers looking vulnerable, while the craze for working from home hit office valuations. Soaring interest rates made matters even worse and shares in LAND, Britain's largest property firm, have sunk from more than £14 in 2015 to £7.05 today. At that price, the stock offers plenty of upside and Div payments are attractive too, with 39.5p pencilled in for the year to March, putting the shares on a Yld of over 5.5%. Bright prospects: LAND owns shopping malls nationwide from Buchanan in Glasgow to Gunwharf Quays in Portsmouth to Piccadilly Lights in Central London. Traditional City offices were a big part of the pf too but CEO Mark Allan has moved with the times, reducing Square Mile area and increasing West End exposure. The strategy has paid off. Vacancies down, lettings up and Central London properties 99% full. Regional development is in the mix too, as well as urban regeneration, such as Mayfield, a pioneering project in central Manchester. Midas: LAND has had a tough few years but prospects are much brighter. At £7.05, they are a BUY. |
Posted at 12/6/2024 15:37 by petersinthemarket As it's still quiet here:3 June 2024: ii: Backing for LAND came from senior independent director Moni Mannings and non-exec James Bowling. Both spent £30k at prices of 646p and 641p resp. Their purchases followed a mixed City reaction to May’s FY results, despite the more upbeat tone of CEO Mark Allan after 2yrs of rising interest rates. He said recent stabilisation in rates and evidence of continued rental growth had started to attract increased investor interest in best assets. The company’s £10bn retail and London-focused pf spans 22.8m sq ft, the bulk of which has significant scarcity value with potential for like-for-like rents to continue to grow. BoA said recent results were slightly short of its expectations, but described the company as one of the least expensive property firms in Europe. It has a share price target of 830p [sp=653p]. |
Posted at 12/6/2024 15:35 by petersinthemarket As it's quiet here:17 May 2024: investorschronicle.c |
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 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 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 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& "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 ‘outperform 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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