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LAND Land Securities Group Plc

652.60
-5.20 (-0.79%)
Last Updated: 12:53:05
Delayed by 15 minutes
Land Securities Investors - LAND

Land Securities Investors - LAND

Share Name Share Symbol Market Stock Type
Land Securities Group Plc LAND London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-5.20 -0.79% 652.60 12:53:05
Open Price Low Price High Price Close Price Previous Close
661.80 651.60 661.80 657.80
more quote information »
Industry Sector
REAL ESTATE INVESTMENT TRUSTS

Top Investor Posts

Top Posts
Posted at 16/1/2024 05:41 by bondholder
Retail investors have been badly burnt over the last decade. This has made prime shopping assets even at 8% yield short of bidders. I'm encouraged that Mike Ashley is now a buyer. He has an excellent view of the true value of these assets as a major occupier. You only see the bottom with hindsight.
Posted at 15/11/2022 06:35 by therealdeal25
Barnes4 buys high ad sells low don’t be sucked in by the clown, he doesn’t invest in anything, he is a fantasy investor!
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 11/11/2020 17:34 by essentialinvestor
QP, not looking for an argument with anyone.
I sometimes hold firm views which can be frankly expressed,
in doing so some posters may not be overjoyed to read those,
the intention is to provoke debate, not to cause offence
and there is a filter button on ADVFN for a reason.
Even If personally very long a stock, I will usually list potential
downsides, as well as upside possibilities.
The earlier comment that someone who knows about property would
not be a long term investor in LAND and to ignore you, was juvenile and will Edit it.
Best of luck with your Landsec holding.
Posted at 08/10/2020 07:20 by ny boy
Office deals in London on the up, investors snapping up bargains, this is an accumulation job at current levels imo
Posted at 03/4/2020 09:48 by ny boy
Longer the lockdown goes on for the more likely, there will be little business to return too

Whole sector getting savaged by the bears will continue until investor know when we are on top of CV
Posted at 10/1/2020 08:14 by quepassa
Land Secs is a top FTSE100 share pick for 2020 in my view.

The vastly improved and stabilised political backdrop in the UK will increasingly put LanSec back on the investor radar as overseas money floods back into the UK - both for equities and high value non-retail real estate.

Hints by the BoE that interest rates are unlikely to rise - and may even be cut- will add further support.

Personally expecting share price outperformance from LanSec this year as new CEO gets into his stride.

ALL IMO. DYOR.
QP
Posted at 28/6/2019 09:04 by void concept
Superb call. 817 a great entry point. This one has got everything going for it: Long WALT's. Best in class product. Blown out NAV. Top notch governance. Transparency. Solid yield. Low LTV. Liquidity. Reducing short from a legendary investor. Old skool blue chip. Great long term hold. Quality.
Posted at 13/11/2018 08:56 by yopf
There is more than a hint that that there's pain to come for investors.

Assuming Landsec get planning approval to convert commercial to retail, there will be quite a lag as it won't be a straightforward process.
Posted at 13/11/2018 08:14 by jonwig
FT's 'Opening Quote' email:

Landsec half-year results

“All eyes on retail valuation” - that is all commercial property investors are focusing on these days, reckon the analysts at Peel Hunt. So this morning, everyone will be looking closely at Landsec to see how the retail assets are faring. Shopping centres and retail warehouses account for 35 per cent of its portfolio by value and Landsec has the second largest exposure to UK shopping centres among the listed propcos, behind Intu. It owns shopping centres including Westgate Oxford, a joint venture with the Crown Estate, and a stake in the Bluewater centre in Kent.

And valuations were down again. Landsec reported a fall of £188m, or 1.4 per cent, in the valuation of its portfolio to £14bn. This decline was driven by the ever-struggling retail sector, with the value of Landsec’s retail parks dropping 4.5 per cent, and its shopping centres and shops down 2.9 per cent.

However, the group was still able to increase its profits in the first half of the year despite the drop in the value of these holdings. Landsec reported a pre-tax profit of £42m in the six months to the end of September, up from £34m a year earlier — a rise driven by higher net rental income and lower costs.

Key numbers:

Portfolio valuation down 1.4 per cent, to £14bn

As the City expected? Peel Hunt had downgraded its forecast for Landsec’s net asset value in October to a 3.4 per cent fall over the full year, to reflect the weak retail outlook.

What was said: Chief executive Robert Noel said: “Landsec has delivered a robust performance in an uncertain market. With healthy growth in earnings per share and a strong financial position, we are looking forward with confidence, introducing new concepts and growing our pipeline of development opportunities.”;

OQ verdict: Landsec’s performance looks quite resilient in the circumstances. That said, there is some doubt whether retail property valuations these days are capturing the full extent of the downturn in the sector. Last week, Barclays analysts cut income and net asset value estimates across the industry in advance of earnings season to reflect a more pessimistic view on retail, which it said was still under-appreciated in the market. “Transaction markets have dried up, tenant failures have increased and valuation declines are evident. The various structural issues — online sales, tenant failures, shortening average lease lengths — support our thesis for a prolonged period of reducing rents, yield expansion and retail asset valuation declines”. Still, Landsec’s shares - on a 36 per cent discount to NAV and a 5.6 per cent dividend yield - arguably more than reflect this.

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