How does LANDL's PE Ratio compare to its peers?

LANDL is expensive based on its Price-To-Earnings Ratio (42.9x) compared to the peer average (32.9x).

How does LANDL's PE Ratio compare vs other companies in the European REITs Industry?

LANDL is expensive based on its Price-To-Earnings Ratio (42.9x) compared to the European REITs industry average (22.8x).

What is LANDL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LANDL is expensive based on its Price-To-Earnings Ratio (42.9x) compared to the estimated Fair Price-To-Earnings Ratio (21x).

What is the Fair Price of LANDL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

LANDL (£6.14) is trading below our estimate of [[fair value]] (£8.85)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Land Securities Group (BATS-CHIXE:LANDL) - Stock Price, News & Analysis

LANDL Stock Overview

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. More details

LANDL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	2/6
Financial Health	0/6
Dividends	3/6

Rewards

Trading at 30.6% below our estimate of its fair value

Earnings are forecast to grow 25.91% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 6.47% is not well covered by earnings or free cash flows

Large one-off items impacting financial results

Land Securities Group Plc Competitors

British Land

LSE:BLND

UK£3.8b

LondonMetric Property

LSE:LMP

UK£3.9b

UK Commercial Property REIT

LSE:UKCM

UK£947.3m

Picton Property Income

LSE:PCTN

UK£376.4m

Price History & Performance

Summary of all time highs, changes and price drops for Land Securities Group
Historical stock prices
Current Share Price	UK£6.14
52 Week High	UK£7.29
52 Week Low	UK£5.68
Beta	1.43
11 Month Change	-0.81%
3 Month Change	-2.31%
1 Year Change	-1.35%
33 Year Change	-16.33%
5 Year Change	-34.37%
Change since IPO	-21.90%

Recent updates

Shareholder Returns

	LANDL	GB REITs	GB Market
7D	3.2%	3.8%	2.2%
1Y	-1.3%	3.4%	8.8%

Return vs Industry: LANDL underperformed the UK REITs industry which returned 3.4% over the past year.

Return vs Market: LANDL underperformed the UK Market which returned 8.8% over the past year.

Price Volatility

Is LANDL's price volatile compared to industry and market?
LANDL volatility
LANDL Average Weekly Movement	3.2%
REITs Industry Average Movement	2.9%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.2%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: LANDL has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: LANDL's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	598	Mark Allan	www.landsec.com

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.

Land Securities Group Plc Fundamentals Summary

How do Land Securities Group's earnings and revenue compare to its market cap?
LANDL fundamental statistics
Market cap	UK£4.54b
Earnings (TTM)	UK£106.00m
Revenue (TTM)	UK£795.00m

42.9x

P/E Ratio

5.7x

P/S Ratio

Is LANDL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LANDL income statement (TTM)
Revenue	UK£795.00m
Cost of Revenue	UK£332.00m
Gross Profit	UK£463.00m
Other Expenses	UK£357.00m
Earnings	UK£106.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.14
Gross Margin	58.24%
Net Profit Margin	13.33%
Debt/Equity Ratio	55.4%

How did LANDL perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

106%

Payout Ratio

Does LANDL pay a reliable dividends?

See LANDL dividend history and benchmarks

When do you need to buy LANDL by to receive an upcoming dividend?
Land Securities Group dividend dates
Ex Dividend Date	Nov 28 2024
Dividend Pay Date	Jan 08 2025
Days until Ex dividend	1 day
Days until Dividend pay date	42 days

Does LANDL pay a reliable dividends?

See LANDL dividend history and benchmarks

LANDL Stock Overview

Rewards

Risk Analysis

Land Securities Group Plc Competitors

LSE:BLND

UK£3.8b

LSE:LMP

UK£3.9b

LSE:UKCM

UK£947.3m

LSE:PCTN

UK£376.4m

Price History & Performance

Recent News & Updates

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

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

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

Fourth quarter dividend increased to UK£0.12

Recent updates

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

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

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

Fourth quarter dividend increased to UK£0.12

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 22% undervalued after recent price drop

Now 22% undervalued after recent price drop

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 20% undervalued

Dividend of UK£0.093 announced

Landsec Confirms Third Interim Dividend for the Financial Year Ending 31 March 2024, Payable on 12 April 2024

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 20% undervalued after recent price drop

High number of new directors

Now 20% undervalued

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

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 UK£100k 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