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LAND Land Securities Group Plc

577.50
0.50 (0.09%)
Last Updated: 14:23:09
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Land Securities Group Plc LSE:LAND London Ordinary Share GB00BYW0PQ60 ORD 10 2/3P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.09% 577.50 506,954 14:23:09
Bid Price Offer Price High Price Low Price Open Price
577.50 578.00 581.00 574.00 578.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 824M -319M -0.4282 -13.46 4.3B
Last Trade Time Trade Type Trade Size Trade Price Currency
14:23:09 AT 537 577.50 GBX

Land Securities (LAND) Latest News

Land Securities (LAND) Discussions and Chat

Land Securities Forums and Chat

Date Time Title Posts
02/12/202415:06 ***** Land Securities *****892
17/7/201805:25Land Securities (LAND) One to Watch on Tuesday -
30/5/201720:07LAND: Ahoy!34
25/6/201413:10Manoj Ladwa says BUY stock in Land Securities Group PLC on TipTv.-
26/5/201308:53Land Securities: A Proxy for UK Property?390

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Land Securities (LAND) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:23:09577.505373,101.18AT
14:23:09577.505943,430.35AT
14:23:09577.5056323.40AT
14:23:09577.505383,106.95AT
14:22:56578.007294,213.62AT

Land Securities (LAND) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 by Land Securities Daily Update
Land Securities Group Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker LAND. The last closing price for Land Securities was 577p.
Land Securities currently has 744,931,501 shares in issue. The market capitalisation of Land Securities is £4,294,530,103.
Land Securities has a price to earnings ratio (PE ratio) of -13.46.
This morning LAND shares opened at 578p
Posted at 15/11/2024 08:19 by hugepants
strong interim results



Mark 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 23/8/2024 07:16 by panache1
Thanks ! Explains the price movement then !
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.co.uk: LAND books further losses: The developer still faces an uphill battle against inflation and higher interest rates but the worst may be over: LAND seems to have endured a post pandemic phase that has gone on for longer than the pandemic itself after the REIT slumped to another annual pre-tax loss, although at £341m this was half the prior year’s figure and a bit smaller than analysts had pencilled in. A combination of hybrid working practices and inflation-related costs have not helped, although management has been busy getting its house in order. It has repositioned the company away from the over-exposed and under-utilised City of London and towards a broader footprint in the capital within more mixed use developments. However, a subdued property market kept a cap on valuations; in fact these showed a 6%, or £625m decline during the year, although gross rental value (ERV) rose by 3.2% as LAND concluded greater volumes of leasing. Unfortunately, this was more than offset by a 45 basis points increase in valuation yields driven by the sharp increase in bond yields in H1. Headline EPRA earnings were essentially flat at £371m after £22m of surrender premiums were factored in. Meanwhile, net rental income, which includes JVs and subsidiaries, was down £11m at £550m. The impact of higher rates was also clear with the average weighted cost of debt servicing increasing by £18m to £102m; LAND, like all Reits, needs interest rates to fall. LAND has done all it can to mitigate the worst of its issues and must now wait patiently for the BoE to do its work on base rates. The discount to NAV has come in recently and sits at around 22%. When combined with a prospective DivYld of 5.9%, there is some potential value on offer. Speculative BUY.
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 20:26 by panache1
It's a nonsense. LTV is 30% and the portfolio is practically fully let. The share price has dropped from £10 pre pandemic in 2020 to £5 now. I think it's a bit too much and hopefully oversold. At this price it's also offering a 7% yield. DYOR
Posted at 22/9/2022 05:58 by 1nf3rn0
Misses this lunchtime RNS yesterday. Looks like a good move and decent price considering the environmentLandsec and Lendlease exchange contracts on 21 Moorfields for £809m Landsec announces that it has exchanged contracts for the sale of 21 Moorfields, EC2 to an investment vehicle managed by global real estate and investments group, Lendlease (ASX:LLC) . The total consideration for the sale amounts to £809m, which, after outstanding development-related items results in a net cash receipt to Landsec of £733m.  Rothesay is providing financing for the acquisition with a 10 year senior term loan. 21 Moorfields is a premium 568,500 sq ft London office development fully pre-let to Deutsche Bank AG (DB) on a 25 year lease, with an annualised net rent of £38m. Built directly above Moorgate station, the asset is targeting sustainability ratings of BREEAM Excellent and LEED v3 Gold. Landsec will retain the responsibility for completing the development, with practical completion expected in Q1 2023. Lendlease will manage the investment vehicle , on behalf of its investment partners including Australia's TCorp and its own minority interest. The total consideration of the disposal represents an effective 9% discount to the March 2022 value, yet crystallises an anticipated development profit of £ 145m, representing 25% profit on cost. The sale is in line with Landsec's strategy to recycle capital out of mature London officesand reduces the company's loan to value from 34% to 30% based on a pro-forma March 2022 balance sheet, further strengthening its strong financial base. Following its strategic review in late 2020, Landsec has now sold £1.8bn of London offices at an average yield of 4.35%. Completion of the transaction is expected to take place in the coming week and the net proceeds of the disposal will initially be used to pay down debt. Landsec's low financial leverage post the sale of this profitable development provides the company with significant flexibility to invest in future opportunities with a higher forward return. The company maintains its guidance on earnings growth provided in the full year results statement in May
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."
Land Securities share price data is direct from the London Stock Exchange

Land Securities Frequently Asked Questions (FAQ)

What is the current Land Securities share price?
The current share price of Land Securities is 577.5p.
How many Land Securities shares are in issue?
Land Securities has 744,931,501 shares in issue.
What is the market cap of Land Securities?
The market capitalisation of Land Securities is GBP 4.30 B.
What is the 1 year trading range for Land Securities share price?
Land Securities has traded in the range of 568.00p to 729.40p during the past year.
What is the PE ratio of Land Securities?
The price to earnings ratio of Land Securities is -13.46.
What is the cash to sales ratio of Land Securities?
The cash to sales ratio of Land Securities is 5.21.
What is the reporting currency for Land Securities?
Land Securities reports financial results in GBP.
What is the latest annual turnover for Land Securities?
The latest annual turnover of Land Securities is GBP 824M.
What is the latest annual profit for Land Securities?
The latest annual profit of Land Securities is GBP -319M.
What is the registered address of Land Securities?
The registered address for Land Securities is 100 VICTORIA STREET, LONDON, SW1E 5JL.
What is the Land Securities website address?
The website address for Land Securities is www.landsecurities.com.
Which industry sector does Land Securities operate in?
Land Securities operates in the REAL ESTATE sector.

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