LondonMetric Property (BATS-CHIXE:LMPL) - Stock Price, News & Analysis

LMPL Stock Overview

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. More details

LMPL fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	2/6
Dividends	4/6

Rewards

Trading at 15.4% below our estimate of its fair value

Earnings are forecast to grow 15.33% per year

Became profitable this year

Risk Analysis

Shareholders have been substantially diluted in the past year

Debt is not well covered by operating cash flow

Significant insider selling over the past 3 months

Dividend of 5.27% is not well covered by free cash flows

LondonMetric Property Plc Competitors

British Land

LSE:BLND

UK£3.9b

Land Securities Group

LSE:LAND

UK£4.5b

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 LondonMetric Property
Historical stock prices
Current Share Price	UK£1.93
52 Week High	UK£2.11
52 Week Low	UK£1.78
Beta	0.89
11 Month Change	-1.73%
3 Month Change	-5.66%
1 Year Change	7.50%
33 Year Change	-29.11%
5 Year Change	-16.28%
Change since IPO	77.11%

Recent updates

Shareholder Returns

	LMPL	GB REITs	GB Market
7D	4.5%	3.2%	1.7%
1Y	7.5%	4.7%	9.0%

Return vs Industry: LMPL exceeded the UK REITs industry which returned 4.1% over the past year.

Return vs Market: LMPL underperformed the UK Market which returned 9% over the past year.

Price Volatility

Is LMPL's price volatile compared to industry and market?
LMPL volatility
LMPL Average Weekly Movement	2.6%
REITs Industry Average Movement	2.9%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

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

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

About the Company

Founded	Employees	CEO	Website
2007	47	Andrew Jones	www.londonmetric.com

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

LondonMetric Property Plc Fundamentals Summary

How do LondonMetric Property's earnings and revenue compare to its market cap?
LMPL fundamental statistics
Market cap	UK£3.96b
Earnings (TTM)	UK£201.50m
Revenue (TTM)	UK£297.80m

19.6x

P/E Ratio

13.3x

P/S Ratio

Is LMPL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LMPL income statement (TTM)
Revenue	UK£297.80m
Cost of Revenue	UK£3.30m
Gross Profit	UK£294.50m
Other Expenses	UK£93.00m
Earnings	UK£201.50m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.099
Gross Margin	98.89%
Net Profit Margin	67.66%
Debt/Equity Ratio	52.9%

How did LMPL perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

61%

Payout Ratio

Does LMPL pay a reliable dividends?

See LMPL dividend history and benchmarks

When do you need to buy LMPL by to receive an upcoming dividend?
LondonMetric Property dividend dates
Ex Dividend Date	Dec 05 2024
Dividend Pay Date	Jan 13 2025
Days until Ex dividend	6 days
Days until Dividend pay date	45 days

Does LMPL pay a reliable dividends?

See LMPL dividend history and benchmarks

LMPL Stock Overview

Rewards

Risk Analysis

LondonMetric Property Plc Competitors

LSE:BLND

UK£3.9b

LSE:LAND

UK£4.5b

LSE:UKCM

UK£947.3m

LSE:PCTN

UK£376.4m

Price History & Performance

Recent News & Updates

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.

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

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.

Recent updates

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.

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

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 (Ex Investment Companies) Index (GBP)

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

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

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

LondonMetric Property Confirms it Does Not Intend to Make an Offer for UK Commercial Property REIT Limited

LondonMetric Appoints Sandy Gumm to Board

Independent Non-Executive Director recently bought UK£1.9m worth of stock

New major risk - Shareholder dilution

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 UK£412k 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 UK£573k 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 21% 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.