LondonMetric Property Future Growth

Future criteria checks 2/6

LondonMetric Property is forecast to grow earnings and revenue by 15.6% and 7.2% per annum respectively. EPS is expected to grow by 22.5% per annum. Return on equity is forecast to be 8.9% in 3 years.

Key information

15.6%

Earnings growth rate

22.5%

EPS growth rate

REITs earnings growth	38.0%
Revenue growth rate	7.2%
Future return on equity	8.9%
Analyst coverage	Good
Last updated	10 Dec 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
3/31/2027	393	482	165	347	7
3/31/2026	379	452	171	340	7
3/31/2025	363	408	224	326	7
9/30/2024	298	202	199	199	N/A
6/30/2024	238	160	161	161	N/A
3/31/2024	178	119	123	123	N/A
12/31/2023	162	-32	122	122	N/A
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	N/A	45	N/A
3/31/2018	90	186	N/A	43	N/A
12/31/2017	88	171	N/A	51	N/A
9/30/2017	86	156	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5PP's forecast earnings growth (15.6% per year) is above the savings rate (1%).

Earnings vs Market: 5PP's earnings (15.6% per year) are forecast to grow slower than the German market (20.6% per year).

High Growth Earnings: 5PP's earnings are forecast to grow, but not significantly.

Revenue vs Market: 5PP's revenue (7.2% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: 5PP's revenue (7.2% per year) is forecast to grow slower 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 (8.9%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 03:13
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

LondonMetric Property Plc is covered by 28 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Sander Bunck	Barclays
Eleanor Frew	Barclays
Miranda Cockburn	Berenberg

LondonMetric Property Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

LondonMetric Property plc Declares Second Quarterly Interim Dividend, Payable on 13 January 2025

An undisclosed buyer acquired Small development site in London and a Boots retail unit in Bangor from LondonMetric Property Plc (LSE:LMP) for £2 million.

Now 20% undervalued after recent price drop

Finance Director & Executive Director recently sold €1.2m worth of stock

LondonMetric Property Plc Announces Appointment of Darren Richards as Chief Investment Officer

LondonMetric Property Plc to Report First Half, 2025 Results on Nov 26, 2024

Fourth quarter dividend of UK£0.029 announced

LondonMetric Property Plc Declares First Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024

Londonmetric Property plc Declares Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024

An unknown buyer acquired A 51,000 sq ft convenience-led retail asset in Weymouth from LondonMetric Property Plc (LSE:LMP) for £14.3 million.

LondonMetric Property Plc(LSE:LMP) dropped from FTSE 250 Index

LondonMetric Property Plc, Annual General Meeting, Jul 22, 2024

Full year 2024 earnings released: EPS: UK£0.11 (vs UK£0.52 loss in FY 2023)

Independent Non-Executive Director recently sold €553k worth of stock

Fourth quarter dividend of UK£0.03 announced

An unknown buyer acquired Two offices in Scotland from LondonMetric Property Plc (LSE:LMP) for £36.6 million.

Full year 2024 earnings released: EPS: UK£0.11 (vs UK£0.52 loss in FY 2023)

An undisclosed buyer acquired 106,000 sq ft Asda foodstore in Scotland from LondonMetric Property Plc (LSE:LMP) for £10.5 million.

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.