LondonMetric Property Future Growth

Future criteria checks 5/6

LondonMetric Property is forecast to grow earnings and revenue by 97.3% and 40.2% per annum respectively. EPS is expected to grow by 93.7% per annum. Return on equity is forecast to be 6.9% in 3 years.

Key information

97.3%

Earnings growth rate

93.7%

EPS growth rate

REITs earnings growth	92.8%
Revenue growth rate	40.2%
Future return on equity	6.9%
Analyst coverage	Good
Last updated	17 Apr 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:5PP - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	376	470	N/A	347	6
3/31/2025	363	380	N/A	332	6
3/31/2024	166	45	105	142	8
9/30/2023	146	-182	120	120	N/A
6/30/2023	141	-344	126	126	N/A
3/31/2023	136	-506	133	133	N/A
12/31/2022	144	-135	134	134	N/A
9/30/2022	151	237	136	136	N/A
6/30/2022	154	486	128	128	N/A
3/31/2022	157	735	120	120	N/A
12/31/2021	150	580	118	118	N/A
9/30/2021	143	426	117	117	N/A
6/30/2021	136	342	108	108	N/A
3/31/2021	129	257	100	100	N/A
12/31/2020	122	173	89	89	N/A
9/30/2020	115	90	78	78	N/A
6/30/2020	110	42	71	71	N/A
3/31/2020	105	-6	63	63	N/A
12/31/2019	96	12	57	58	N/A
9/30/2019	87	30	52	52	N/A
6/30/2019	84	75	53	53	N/A
3/31/2019	80	120	54	54	N/A
12/31/2018	85	153	50	50	N/A
9/30/2018	89	186	46	46	N/A
6/30/2018	90	186	45	45	N/A
3/31/2018	90	186	43	43	N/A
12/31/2017	88	171	51	51	N/A
9/30/2017	86	156	58	58	N/A
6/30/2017	84	109	N/A	57	N/A
3/31/2017	81	63	N/A	57	N/A
12/31/2016	81	34	N/A	50	N/A
9/30/2016	80	5	N/A	43	N/A
6/30/2016	78	44	N/A	37	N/A
3/31/2016	76	83	N/A	31	N/A
12/31/2015	74	118	N/A	30	N/A
9/30/2015	71	154	N/A	30	N/A
6/30/2015	71	157	N/A	27	N/A
3/31/2015	70	159	N/A	25	N/A
12/31/2014	68	155	N/A	20	N/A
9/30/2014	65	151	N/A	15	N/A
6/30/2014	62	138	N/A	12	N/A
3/31/2014	59	125	N/A	10	N/A
12/31/2013	61	80	N/A	6	N/A
9/30/2013	63	36	N/A	3	N/A
6/30/2013	60	11	N/A	6	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5PP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.6%).

Earnings vs Market: 5PP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 5PP is expected to become profitable in the next 3 years.

Revenue vs Market: 5PP's revenue (40.2% per year) is forecast to grow faster than the German market (5.5% per year).

High Growth Revenue: 5PP's revenue (40.2% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 5PP's Return on Equity is forecast to be low in 3 years time (6.9%).

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LondonMetric Property Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Recent updates

LondonMetric Appoints Sandy Gumm to Board

Independent Non-Executive Director recently bought €2.2m worth of stock

LondonMetric Property Plc (LSE:LMP) completed the acquisition of LXI REIT plc (LSE:LXI) from Prestbury Incentives Ltd, Prestbury Investment Holdings Ltd, Artemis Investment Management LLP and others.

Dividend of UK£0.024 announced

Londonmetric Property plc Declares Its Third Quarterly Interim Dividend, Payable on April 8, 2024

LondonMetric Property Plc, Annual General Meeting, Feb 27, 2024

LondonMetric Property Plc to Report Fiscal Year 2024 Results on Jun 04, 2024

LondonMetric Property Plc (LSE:LMP) entered into agreement to acquire LXI REIT plc (LSE:LXI) from Prestbury Incentives Ltd, Prestbury Investment Holdings Ltd, Artemis Investment Management LLP and others for £1.7 billion.

LondonMetric Property Plc Announces Final Quarterly Dividend

New major risk - Revenue and earnings growth

LondonMetric Property and LXI REIT Confirm Discussions Regarding Possible All-Share Merger of the Two Companies

Londonmetric Property plc Declares Second Quarterly Interim Dividend, Payable on 11 January 2024

First half 2024 earnings released: EPS: UK£0.08 (vs UK£0.25 loss in 1H 2023)

An unknown buyer acquired Office investment in Worcester and Convenience food investment in Leicester from LondonMetric Property Plc (LSE:LMP) for £9.2 million.

LondonMetric Property plc Announces Directorate Change

An unknown buyer acquired three long-income and retail assets in England from LondonMetric Property Plc (LSE:LMP) for £7.3 million.

Londonmetric Property plc Declares First Quarterly Interim Dividend for Fy 2023/24

New minor risk - Shareholder dilution

LondonMetric Property Plc (LSE : LMP) completed the acquisition of CT Property Trust Limited (LSE:CTPT) from CTPT Directors; Davina Walter, David RossMark Carpenter and Alexa Henderson, TR Property Investment Trust plc, Ravenscroft Limited and other shareholders.

LondonMetric Property Plc to Report First Half, 2024 Results on Nov 23, 2023

An Unknown buyer acquired Five Long Income and Urban Assets of LondonMetric from LondonMetric Property Plc (LSE:LMP) for £42.8 million.

CEO & Executive Director recently sold €483k worth of stock

LondonMetric Property Plc Declares Fourth Quarterly Interim Dividend, Payable on 12 July 2023

LondonMetric Property Plc, Annual General Meeting, Jun 12, 2023

Full year 2023 earnings released: UK£0.52 loss per share (vs UK£0.79 profit in FY 2022)

LondonMetric Property Plc to Report Fiscal Year 2023 Results on May 24, 2023

LondonMetric Property Plc Announces Board Changes

LondonMetric Property Plc (LSE:LMP) acquired 68,000 sq ft NNN retail asset in South East London for £38.0 million.

LondonMetric Property plc Declares Second Quarterly Interim Dividend, Payable on 10 January 2023

Co-Founder & Non-Executive Chairman recently sold €668k worth of stock

First half 2023 earnings released: UK£0.25 loss per share (vs UK£0.28 profit in 1H 2022)

LondonMetric Property Plc to Report First Half, 2023 Results on Nov 23, 2022

Investor sentiment deteriorated over the past week

Londonmetric Property plc Declares a 4.5% Increase in its First Quarterly Interim Dividend for Fiscal Year 2022-23, Payable on 7 October 2022

Now 21% undervalued after recent price drop

An unknown buyer acquired Roadside Asset in Stamford Hill, London from LondonMetric Property Plc (LSE:LMP) for £4 million.

LondonMetric Property plc Approves Election of Alistair Elliott as A Director At the Annual General Meeting Held on July 13, 2022

Now 22% undervalued after recent price drop

Now 20% undervalued after recent price drop

LondonMetric Property Plc, Annual General Meeting, Jul 13, 2022

Upcoming dividend of UK£0.026 per share

Full year 2022 earnings released: EPS: UK£0.79 (vs UK£0.29 in FY 2021)

LondonMetric Property Plc Announces Fourth Quarterly Interim Dividend for 2022, Payable on July 13, 2022

LondonMetric Property Plc (LSE:LMP) acquired A portfolio comprising two NNN retail assets for £23.3 million.

Euro Garages Limited acquired Petrol filling station and convenience store in Rushden from LondonMetric Property Plc (LSE:LMP).

An unknown buyer acquired A Petrol Filling Station and Convenience Store in Rushden from LondonMetric Property Plc (LSE:LMP).

Insufficient new directors

LondonMetric Property Plc (LSE:LMP) acquired Three Urban Logistics warehouses in Hackney, Acton and Thamesmead.

LondonMetric Property Plc to Report Fiscal Year 2022 Results on May 26, 2022

LondonMetric Property Plc Declares Third Quarterly Interim Dividend, Payable on April 12,2022

An unknown buyer acquired Car Showroom in Solihull from LondonMetric Property Plc (LSE:LMP) for £15 million.

An unknown buyer acquired Car Showroom in Solihull from LondonMetric Property Plc (LSE:LMP) for £15.0 million.

Insufficient new directors

Co-Founder & Non-Executive Chairman recently sold €1.3m worth of stock

First half 2022 earnings released: EPS UK£0.28 (vs UK£0.095 in 1H 2021)

LondonMetric Property Plc (LSE:LMP) acquired 41,000 sq ft building in South Ruislip, West London for £18 million.

An unknown buyer acquired 29,000 sq ft grocery asset in Liverpoo from LondonMetric Property Plc (LSE:LMP) for £10.2 million.

An unknown buyer agreed to acquire Retail park in Kirkstall, Leeds from LondonMetric Property Plc (LSE:LMP) for £25.2 million.

Full year 2021 earnings released: EPS UK£0.29 (vs UK£0.007 loss in FY 2020)

Upcoming dividend of UK£0.024 per share

Full year 2021 earnings released: EPS UK£0.29 (vs UK£0.007 loss in FY 2020)

LondonMetric Property Plc (LSE:LMP) acquired two vacant London warehouse assets in Brent Cross and Streatham for £13.5 million.

LondonMetric Property Plc (LSE:LMP) acquired Data Centre in Milton Keynes from OLIM Property Limited for £23.9 million.

Realty Income Corporation (NYSE:O) acquired Portfolio Of Long Income Assets from LondonMetric Property Plc (LSE:LMP) for £40.9 million.

LondonMetric Property Plc (LSE:LMP) acquired Shell and Budgens service station in Worcester for £4 million.

LondonMetric Property plc Announces Board Changes

LondonMetric Property Plc (LSE:LMP) acquired Two Urban Logistics Warehouses In London And Redditch for £13.2 million

LondonMetric Property Plc (LSE:LMP) acquired Two urban logistics warehouses in Manchester and Birmingham Opus Land Limited and Marshall Holdings Limited for £38.6 million.

LondonMetric Property plc Announces Two Urban Logistics Acquisitions for £39 Million

Key Executive recently sold €1.3m worth of stock

First half 2021 earnings released: EPS UK£0.095

New 90-day low: €2.32

A Private investor agree to acquire a Stand-alone Matalan unit in Leicester from LondonMetric Property Plc (LSE:LMP) for £3.4 million.

LondonMetric Property Plc (LSE:LMP) acquired Three BP/M&S convenience service stations in Brentwood, Pevensey and Lewes for £10.8 million.

Alberta Investment Management Corporation agreed to acquire Portfolio of six distribution warehouses from LondonMetric Property Plc (LSE:LMP) for £57.3 million.