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LMP Londonmetric Property Plc

179.10
1.70 (0.96%)
14 Mar 2025 - Closed
Delayed by 15 minutes
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
  1.70 0.96% 179.10 5,311,574 16:35:13
Bid Price Offer Price High Price Low Price Open Price
179.80 179.90 180.30 175.90 177.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 227.5M 118.7M 0.0580 31.02 3.63B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:22:53 O 214,153 179.10 GBX

Londonmetric Property (LMP) Latest News (5)

Londonmetric Property (LMP) Discussions and Chat

Londonmetric Property Forums and Chat

Date Time Title Posts
14/3/202512:25LondonMetric - an assertive REIT providing a good Yield285

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Londonmetric Property (LMP) Most Recent Trades

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Londonmetric Property (LMP) Top Chat Posts

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Posted at 16/3/2025 08:20 by Londonmetric Property Daily Update
Londonmetric Property Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker LMP. The last closing price for Londonmetric Property was 177.40p.
Londonmetric Property currently has 2,048,108,416 shares in issue. The market capitalisation of Londonmetric Property is £3,684,547,040.
Londonmetric Property has a price to earnings ratio (PE ratio) of 31.02.
This morning LMP shares opened at 177.40p
Posted at 14/3/2025 11:48 by essentialinvestor
LondonMetric Property Plc ("LondonMetric") has been notified of a dealing in LondonMetric ordinary shares ("Shares") by Prestbury Management Holdings Limited ("PMHL"), a company closely asociated with Nick Leslau and Sandy Gumm, both of whom are Non-Executive Directors of LondonMetric.



On 13 March 2025, PMHL sold 26,379,367 Shares at a price of 178.72 pence per Share ("Transaction"). This Transaction follows the expiry of a lock up period after LondonMetric's takeover of LXi in March 2024 where PMHL was a material shareholder.



Following the Transaction, Mr Leslau, together with connected companies, continues to hold 26,408,757 Shares, representing approximately 1.3% of the issued share capital of LondonMetric. Ms Gumm separately holds 351,640 Shares. As Non-Executive Directors, both Mr Leslau and Ms Gumm are fully supportive of the Company and remain committed long-term shareholders.


Just in case people missed the RNS
Posted at 18/1/2025 17:07 by pyufak
Jones said in the Nov statement 'it takes two to tango' so need a willing seller.

I'd love to see LMP merge with SHED (which I also own) just because I think scale is everything going forward
Posted at 15/1/2025 09:40 by nickrl
LMP doing well in offloading assets from the two ITs they acquired and looks like have Mucklow squared off with offices gone so maybe ready to go shopping again.
Posted at 17/12/2024 10:33 by mpage
It might. Back in the mid-90s to mid-2000s a 6%DY for a diversified property co was par for the course even if the CE was not highly adept and very good at talking up his book.

I suspect that the share price is largely reacting to 5yr gilt yields (thanks Rachel) to maintain the ERP and perhaps starting to price in the possibility of an economic downturn. It's happening to lots of similar assets - nothing co specific.

Once the div reaches 12p I'm telling myself to expect(wetted finger in the air)around 5%pa div growth thereafter. At 180p that's a DY of 6.6% plus 5%pa - so a simple Gordon Growth Model says total long-term return of c. 11%pa. Frankly, that seems perfectly reasonable for a property company. With LMP we get a FTSE 100 company, actively managed by a pragmatic CEO who takes a long-term view.

There is a baby version of LMP called Picton Property Income - slower moving, opertes at a much smaller scale but is also self-managed (and well managed) and no stamp duty on share purchases. The kicker here is a low-cost long-term debt c. 3.7% for around 7 years. Shares trade at quite a wide discount to NAV.
Posted at 13/12/2024 11:40 by essentialinvestor
Segro now on a 19% discount to NAV.

LMP at the current share price yields significantly more than SGRO, however unlike Segro, it's not a specialist.

Might the market want a 6% yield on LMP?
it's a possibility.
Posted at 07/12/2024 11:18 by essentialinvestor
I would agree the short term upside is limited, however what you get from LMP is a nicely growing dividend and an astuteness of management decisions - at least to this point.

LMP lends itself less to a trading stock, at this stage in it's development.

I've highlighted the possibility of a SHED bid, by LMP, for a number of months now.
Posted at 22/11/2024 16:36 by essentialinvestor
Falling gilt yields (I'm guessing they've turned) should keep LMP in the UKX.
Posted at 22/11/2024 13:43 by essentialinvestor
SHED next in line for the LMP treatment..?.

It's not a question of if, but when they will acquire again.

Trading so close to NAV, they can also issue shares to buy off market, if they so choose.
Posted at 18/11/2024 18:46 by essentialinvestor
I added a small amount today, but even LMP getting hit now, with arguably the best CEO in the UK listed sector.
Posted at 19/12/2023 20:20 by essentialinvestor
LMP share price dipped intially on the last major acquisition, from memory - I've not double checked.
Londonmetric Property share price data is direct from the London Stock Exchange

Londonmetric Property Frequently Asked Questions (FAQ)

What is the current Londonmetric Property share price?
The current share price of Londonmetric Property is 179.10p
How many Londonmetric Property shares are in issue?
Londonmetric Property has 2,048,108,416 shares in issue
What is the market cap of Londonmetric Property?
The market capitalisation of Londonmetric Property is GBP 3.63B
What is the 1 year trading range for Londonmetric Property share price?
Londonmetric Property has traded in the range of 170.80p to 210.80p during the past year
What is the PE ratio of Londonmetric Property?
The price to earnings ratio of Londonmetric Property is 31.02
What is the cash to sales ratio of Londonmetric Property?
The cash to sales ratio of Londonmetric Property is 16.19
What is the reporting currency for Londonmetric Property?
Londonmetric Property reports financial results in GBP
What is the latest annual turnover for Londonmetric Property?
The latest annual turnover of Londonmetric Property is GBP 227.5M
What is the latest annual profit for Londonmetric Property?
The latest annual profit of Londonmetric Property is GBP 118.7M
What is the registered address of Londonmetric Property?
The registered address for Londonmetric Property is ONE CURZON STREET, LONDON, W1J 5HB
What is the Londonmetric Property website address?
The website address for Londonmetric Property is www.londonmetric.com
Which industry sector does Londonmetric Property operate in?
Londonmetric Property operates in the REAL ESTATE AGENTS & MGRS sector