Share Name Share Symbol Market Type Share ISIN Share Description
Londonmetric Property Plc LSE:LMP London Ordinary Share GB00B4WFW713 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  1.80 0.81% 224.60 1,674,998 16:35:26
Bid Price Offer Price High Price Low Price Open Price
224.40 224.60 226.40 223.00 223.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 113.40 -6.70 -0.70 2,040
Last Trade Time Trade Type Trade Size Trade Price Currency
17:58:28 O 61 225.011 GBX

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Date Time Title Posts
28/11/202009:30LondonMetric - an assertive REIT providing a good Yield74

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Londonmetric Property Daily Update: Londonmetric Property Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker LMP. The last closing price for Londonmetric Property was 222.80p.
Londonmetric Property Plc has a 4 week average price of 216.40p and a 12 week average price of 208p.
The 1 year high share price is 245.20p while the 1 year low share price is currently 132.90p.
There are currently 908,332,443 shares in issue and the average daily traded volume is 2,221,561 shares. The market capitalisation of Londonmetric Property Plc is £2,040,114,666.98.
skyship: TRY Interim statement shows they reduce their LMP stake on valuation grounds: ============================================================================= Within the logistics space we took substantial profits in LondonMetric, recycling into Argan in France, Montea and VGP in Belgium and VIB Vermoegen in Germany. The sales in LondonMetric were valuation based and we continue to have a significant holding and full confidence in management. Although London office exposure fell, we added to German cities through Aroundtown and CLS Holdings.
grahamburn: Not exactly stretching as the current price is above that.
petewy: Nasty downturn but LMP hasn't a huge retail interest
petewy: Londonmetric Property (LON:LMP) had its price target raised by analysts at Royal Bank of Canada from GBX £2.05 to GBX £2.15.
speedsgh: Recommended Cash and Share Offer for A&J Mucklow - HTTPS://
petewy: LondonMetric announces the disposal of three distribution warehouses for £24.3 million to various buyers, reflecting a blended NIY of 5.4%. The sale price achieved is 4% above book value. Is this a good deal or are they selling off the family Wakefield silver?
skyship: Having drifted back to 175p at mid-October, LMP has since shown surprising strength recovering back up to 189p. This reflects their good move out of Retail; but at 189p now looking overpriced again... free stock charts from
speedsgh: Interesting to compare LMP with BBOX... BBOX @ 148.3p LMP @ 192p BBOX yield on forecast dividend of 6.70p = 4.5% LMP yield on current dividend of 7.90p = 4.1% (LMP yield on guesstimated dividend of 8.15p in FY19 = 4.2%) BBOX trades at 4.3% premium to 142.24p EPRA NAV (as at 31/12/17) LMP trades at 16.2% premium to 165.2p EPRA NAV (as at 31/3/18)
skyship: LMP @ 192p. ========== NEGATIVES: # Yield on increased dividend of 7.9p = 4.1% # NAV PREMIUM at increased NAV of 165.2p = 14% POSITIVES: # Cost of debt @ 2.8% (tho' debt maturity relatively short @ 4.8yrs) # WAULT of 12.4 years & only 6% of income expiring within 3 yrs LMP continues to sustain an unlikely share price due to institutional support. Expect recent rise to unravel back to 180p...
speedsgh: Final Results - HTTPS:// Income Statement · EPRA earnings up 15.9% to £59.1m, up 3.7% on a per share basis · Net rental income up 10.8% to £90.6m1, reflecting full benefit of equity raise and portfolio activity · Reported profit of £186.0m driven by £121.6m1 revaluation surplus, reflecting a 7.1% valuation uplift Dividend increased 5.3% to 7.9p, 108% dividend cover · Fourth quarterly interim dividend declared of 2.35p Balance Sheet · EPRA NAV per share up 10.3% to 165.2p (2017: 149.8p) · Portfolio valued at £1,842.0m1 with a 28bps equivalent yield compression · Total Property Return of 13.7% against IPD All Property of 10.1% · Total Accounting Return of 15.5% Distribution weighting increased to 69% · Distribution acquisitions of £306.4m at 5.9% yield · Regional distribution sales of £88.2m at 5.3% yield · Urban logistics grown to 45 assets, representing 29% of our end to end logistics portfolio · Non distribution disposals of £163.4m, including sale of our last office investment · Long income, convenience and leisure acquisitions of £78.5m at 6.2% yield Income growth from asset management · £3.1m pa income uplift from rent reviews and lettings. New leases signed with WAULT of 15.2 years · £1.3m pa income uplift PPE, including four distribution rent reviews and lettings at 28% above passing · 4.3% LFL income growth and 3.1% ERV growth Short cycle developments creating future long income at attractive yields · 1.0m sq ft in construction or pipeline at 6.5% yield on cost, of which 0.3m sq ft completed post year end · Detailed terms on 350,000 sq ft at our Bedford development, underwriting a 7.0% yield on cost Portfolio metrics reflect our focus on long income, contractual uplifts and low operational requirements · WAULT of 12.4 years with only 6% of income expiring within three years · 50.3% of income subject to contractual uplifts, 98.7% gross to net income ratio Finances strengthened and improved · Debt maturity of 4.8 years · Average cost of debt fallen from 3.5% to 2.8% · Cancellation and recouponing of interest rate swaps with short payback period · EPRA cost ratio reduced to 15% Andrew Jones, Chief Executive of LondonMetric, commented: "Our objective of generating a repetitive and growing income stream continues to deliver strong returns, aided by our purposeful alignment towards modern shopping habits. "Today's world is complex and increasingly dynamic. The impact of digital evolution and ongoing shifts in consumer shopping habits is being felt more than ever in the retail sector. Whilst the virtual tills are ringing, the physical ones are not. Many will tell you that we are entering the final act. We are not and there will be value destruction in parts of retail. "Our early anticipation of these shifts and the global search for income led to our pivot towards distribution and long income assets which more accurately cater for modern shoppers' needs. Five years on from the merger that created LondonMetric, the Company and its shareholders continue to see the benefits of this focused strategy. "Economic compounding is the essence of long term value creation. Our adoption of this principle, together with our occupier intelligence and property relationships has been instrumental in our success. Whilst we can never be totally immune, we believe that this approach gives us a competitive advantage to navigate these changing times, allows us to increase our earnings and, in turn, grow our dividends."
Londonmetric Property share price data is direct from the London Stock Exchange
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