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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
  2.30 0.47% 487.60 2,947,756 12:43:55
Bid Price Offer Price High Price Low Price Open Price
487.20 487.90 503.20 459.30 480.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 635.00 -1,393.00 -188.20 3,615
Last Trade Time Trade Type Trade Size Trade Price Currency
12:43:52 AT 216 487.60 GBX

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Posted at 28/9/2022 09:20 by Land Securities Daily Update
Land Securities Group Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker LAND. The last closing price for Land Securities was 485.30p.
Land Securities Group Plc has a 4 week average price of 459.30p and a 12 week average price of 459.30p.
The 1 year high share price is 822.40p while the 1 year low share price is currently 459.30p.
There are currently 741,487,235 shares in issue and the average daily traded volume is 3,007,377 shares. The market capitalisation of Land Securities Group Plc is £3,628,097,040.86.
Posted at 27/9/2022 22:37 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 22:09 by williamcooper104
LAND has got an excellent balance sheet with well laddered debts But agree could easily fall further
Posted at 27/9/2022 21:56 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 27/9/2022 21:26 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 06:58 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 16/9/2022 15:51 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 25/8/2022 11:20 by tday
In 2007 the share price was over £23. Seven years ago it was £13. Currently it is under £7. Let's hope the new CEO's strategy works.
Posted at 12/7/2022 10:59 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."
Posted at 01/7/2022 22:59 by nickrl
LAND have c£325m committed to new office development and whilst biggest development at Moorfields is largely pre let the rest are speculative. They also have c1B ready to go developments but IMV they need to dial back on progressing any of them given uncertainty on lettings, unless they get a pre let, as well as issues with nailing down costs with contractors currently. I have yield at 5.7% and divi is well covered at the cash level on a discount of 38%. For sure outlook is uncertain but seems a pretty distressed outlook
Posted at 16/2/2022 14:06 by philanderer
Questor: this property fund's shift away from London means there's gains to be had Questor share tips: Land Securities trades on a 22pc discount, giving a good base for share price growth
Land Securities share price data is direct from the London Stock Exchange
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