Land Securities Group Management

Management criteria checks 4/4

Land Securities Group's CEO is Mark Allan, appointed in Apr 2020, has a tenure of 4.58 years. total yearly compensation is £2.90M, comprised of 29.3% salary and 70.7% bonuses, including company stock and options. directly owns 0.073% of the company’s shares, worth €3.91M. The average tenure of the management team and the board of directors is 7.4 years and 3.5 years respectively.

Key information

Mark Allan

Chief executive officer

UK£2.9m

Total compensation

CEO salary percentage	29.3%
CEO tenure	4.6yrs
CEO ownership	0.07%
Management average tenure	7.4yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Allan's remuneration changed compared to Land Securities Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	UK£106m
Jun 30 2024	n/a	n/a	-UK£106m
Mar 31 2024	UK£3m	UK£851k	-UK£319m
Dec 31 2023	n/a	n/a	-UK£464m
Sep 30 2023	n/a	n/a	-UK£610m
Jun 30 2023	n/a	n/a	-UK£614m
Mar 31 2023	UK£3m	UK£820k	-UK£619m
Dec 31 2022	n/a	n/a	-UK£107m
Sep 30 2022	n/a	n/a	UK£404m
Jun 30 2022	n/a	n/a	UK£637m
Mar 31 2022	UK£2m	UK£800k	UK£869m
Dec 31 2021	n/a	n/a	UK£293m
Sep 30 2021	n/a	n/a	-UK£283m
Jun 30 2021	n/a	n/a	-UK£838m
Mar 31 2021	UK£3m	UK£733k	-UK£1b

Compensation vs Market: Mark's total compensation ($USD3.70M) is about average for companies of similar size in the German market ($USD3.38M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Allan (52 yo)

4.6yrs

Tenure

UK£2,900,000

Compensation

Mr. Mark Christopher Allan serveds as CEO & Executive Director at Land Securities Group Plc since April 14, 2020. He had been Chief Executive Officer and Director at St Modwen Properties since December 1,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Allan	CEO & Executive Director	4.6yrs	UK£2.90m	0.073% € 3.9m
Vanessa Simms	CFO & Executive Director	3.5yrs	UK£1.87m	0.030% € 1.6m
Remco Simon	Chief Strategy & Investment Officer	no data	no data	no data
Nisha Manaktala	Chief Data & Technology Officer	1.4yrs	no data	no data
Edward Thacker	Head of Investor Relations	no data	no data	no data
Alex Peeke	Head of Legal	10.3yrs	no data	no data
Kate Seller	Chief People Officer	1.8yrs	no data	no data
Martin Wood	Group Head of Tax & Treasury	no data	no data	no data
Neil Pennell	Head of Design Innovation & Property Solutions	16.6yrs	no data	no data
Oliver Knight	Head of Workplace	no data	no data	no data
Despina Don-Wauchope	Head of Finance - Retail Portfolio	10.9yrs	no data	no data
Polly Troughton	Head of Retail Parks and Leisure - Retail Portfolio	10.6yrs	no data	no data

7.4yrs

Average Tenure

52yo

Average Age

Experienced Management: LSU2's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Allan	CEO & Executive Director	4.6yrs	UK£2.90m	0.073% € 3.9m
Vanessa Simms	CFO & Executive Director	3.5yrs	UK£1.87m	0.030% € 1.6m
Christophe Evain	Independent Non-Executive Director	5.6yrs	UK£92.00k	0.0011% € 58.2k
Ian Cheshire	Independent Chairman of the Board	1.7yrs	UK£375.00k	0.0020% € 107.8k
Miles Roberts	Independent Non-Executive Director	2.2yrs	UK£72.00k	0.00049% € 26.4k
James Bowling	Independent Non-Executive Director	1.2yrs	UK£52.00k	0.0012% € 66.8k
Mansura Mannings	Senior Independent Non-Executive Director	less than a year	UK£22.00k	0.00063% € 33.9k
Madeleine Cosgrave	Independent Non-Executive Director	5.8yrs	UK£72.00k	0.0014% € 76.5k
Manjiry Tamhane	Independent Non-Executive Director	3.7yrs	UK£72.00k	0.00060% € 32.3k

3.5yrs

Average Tenure

57yo

Average Age

Experienced Board: LSU2's board of directors are considered experienced (3.5 years average tenure).

Land Securities Group Management

Management criteria checks 4/4

Key information

Recent management updates

Land Securities Group plc Appoints Baroness Casey as Independent Non-Executive Director, Effective 1 January 2025

CFO & Executive Director recently sold €617k worth of stock

Land Securities Group Plc, Annual General Meeting, Jul 11, 2024

Land Securities Group plc Announces Board Changes

High number of new directors

Land Securities Group Plc Announces Executive Changes

Recent updates

First half 2025 earnings released: EPS: UK£0.33 (vs UK£0.24 loss in 1H 2024)

Land Securities Group plc Declares Second Interim Dividend, Payable on 8 January 2025

Land Securities Group Plc to Report First Half, 2025 Results on Nov 15, 2024

Land Securities Group plc Appoints Baroness Casey as Independent Non-Executive Director, Effective 1 January 2025

Now 20% undervalued

Upcoming dividend of UK£0.092 per share

Fourth quarter dividend of UK£0.092 announced

Land Securities Group Plc Confirms First Interim Dividend for the Financial Year Ending 31 March 2025, Payable on 4 October 2024

New minor risk - Insider selling

CFO & Executive Director recently sold €617k worth of stock

Land Securities Group Plc (LSE:LAND) acquired an additional 17.50% stake in Bluewater Shopping Centre from GIC Private Limited for £120 million.

Upcoming dividend of UK£0.12 per share

Fourth quarter dividend of UK£0.12 announced

Full year 2024 earnings released: UK£0.43 loss per share (vs UK£0.84 loss in FY 2023)

Land Securities Group plc Recommends A Final Dividend for the Year Ended 31 March 2024, Payable on 26 July 2024

Now 20% undervalued

Land Securities Group Plc, Annual General Meeting, Jul 11, 2024

Land Securities Group Plc to Report Fiscal Year 2024 Results on May 17, 2024

Upcoming dividend of UK£0.093 per share at 6.1% yield

Now 23% undervalued

Dividend of UK£0.093 announced

Land Securities Group plc Announces Board Changes

First half 2024 earnings released: UK£0.24 loss per share (vs UK£0.26 loss in 1H 2023)

Now 22% undervalued after recent price drop

High number of new directors

Now 22% undervalued after recent price drop

Land Securities Group Plc to Report First Half, 2024 Results on Nov 14, 2023

Now 22% undervalued after recent price drop

Upcoming dividend of UK£0.09 per share at 6.4% yield

Land Securities Group Plc Announces Executive Changes

Land Securities Group plc Confirms First Interim Dividend for the Financial Year Ending 31 March 2024, Payable on September 15, 2023

Land Securities Group plc Approves to Declare Final Dividend

Upcoming dividend of UK£0.12 per share at 6.2% yield

Land Securities Group plc, Annual General Meeting, Jul 06, 2023

Full year 2023 earnings released: UK£0.84 loss per share (vs UK£1.17 profit in FY 2022)

Land Securities Group plc Provides Earnings Guidance for the Year to Date Ending March 2024 and 2025

High number of new directors

Upcoming dividend of UK£0.09 per share at 5.3% yield

Land Securities Group plc Confirms Third Interim Dividend for the Financial Year Ending 31 March 2023, Payable on 6 April 2023

Chinachem Group Co. Ltd acquired One New Street Square from Land Securities Group plc (LSE:LAND) for approximately £350 million.

Land Securities Group PLC Announces Board Changes

First half 2023 earnings released: UK£0.26 loss per share (vs UK£0.37 profit in 1H 2022)

Land Securities Group PLC Declares Second Interim Dividend for the Year Ending March 31, 2023

Land Securities Group plc Appoints Marina Thomas as Head of Governance and Company Secretary

Investor sentiment deteriorated over the past week

Lendlease Group (ASX:LLC) completed the acquisition of 21 Moorfields, EC2 from Land Securities Group plc (LSE:LAND).

Lendlease Group (ASX:LLC) agreed to acquire 21 Moorfields, EC2 from Land Securities Group plc (LSE:LAND) for approximately £810 million.

Land Securities Group plc Announces Resignation of Colette O'shea as Chief Operating Officer and Director

Upcoming dividend of UK£0.086 per share

Land Securities Group plc Announces Executive Changes

Cressida Hogg Intends to Retire as Chairman and Director of Land Securities Group plc

CEO & Executive Director recently bought €117k worth of stock

Land Securities Group plc Announces First Interim Dividend for the Financial Year Ending 31 March 2023, Payable on October 7, 2022

Sinarmas Land Limited (SGX:A26) completed the acquisition of Building at 32-50 Strand, London from Building at 32-50 Strand, London for £195 million.

Upcoming dividend of UK£0.13 per share

Land Securities Group plc, Annual General Meeting, Jul 07, 2022

Land Securities Group plc Announces Executive Changes

Full year 2022 earnings released: EPS: UK£1.17 (vs UK£1.88 loss in FY 2021)

Sinarmas Land Limited (SGX:A26) entered into a purchase and sell agreement to acquire 32-50 Strand, London from Land Securities Group plc (LSE:LAND) for approximately £200 million.

Upcoming dividend of UK£0.085 per share

Land Securities Group plc Declares Third Interim Dividend for the Financial Year Ending March 31, 2022, Payable on April 7, 2022

Land Securities Group plc (LSE:LAND) acquired additional 25% stake in Blueco Limited from Lendlease Corporation Limited for approximately £170 million.

M&G plc (LSE:MNG) agreed to acquire a 6.3% stake in Bluewater Shopping Centre from Land Securities Group plc (LSE:LAND).

Land Securities Group plc (LSE:LAND) completed the acquisition of U and I Group PLC (LSE:UAI) (U+I) from J O Hambro Capital Management Limited, Aberforth Partners LLP, Ennismore Fund Management Limited, Jupiter Asset Management Limited and others.

Landsec Reportedly to Pay £200 Million for Stake in Bluewater

First half 2022 earnings released: EPS UK£0.37 (vs UK£1.13 loss in 1H 2021)

Columbia Threadneedle Investments entered into an agreement to acquire Blackpool Retail Park from Land Securities Group plc (LSE:LAND).

Forecast to breakeven in 2022

Supermarket Income REIT plc (LSE:SUPR) acquired The Morrisons in Workington, Cumbria from Land Securities Group plc (LSE:LAND) for £28.9 million.