LondonMetric Property Management

Management criteria checks 4/4

LondonMetric Property's CEO is Andrew Jones, appointed in Jan 2013, has a tenure of 11.25 years. total yearly compensation is £2.39M, comprised of 25.4% salary and 74.6% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth £10.65M. The average tenure of the management team and the board of directors is 11.3 years and 4.3 years respectively.

Key information

Andrew Jones

Chief executive officer

UK£2.4m

Total compensation

CEO salary percentage	25.4%
CEO tenure	11.3yrs
CEO ownership	0.3%
Management average tenure	11.3yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew Jones's remuneration changed compared to LondonMetric Property's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-UK£182m
Jun 30 2023	n/a	n/a	-UK£344m
Mar 31 2023	UK£2m	UK£609k	-UK£506m
Dec 31 2022	n/a	n/a	-UK£135m
Sep 30 2022	n/a	n/a	UK£237m
Jun 30 2022	n/a	n/a	UK£486m
Mar 31 2022	UK£3m	UK£565k	UK£735m
Dec 31 2021	n/a	n/a	UK£580m
Sep 30 2021	n/a	n/a	UK£426m
Jun 30 2021	n/a	n/a	UK£342m
Mar 31 2021	UK£3m	UK£519k	UK£257m
Dec 31 2020	n/a	n/a	UK£173m
Sep 30 2020	n/a	n/a	UK£90m
Jun 30 2020	n/a	n/a	UK£42m
Mar 31 2020	UK£3m	UK£544k	-UK£6m
Dec 31 2019	n/a	n/a	UK£12m
Sep 30 2019	n/a	n/a	UK£30m
Jun 30 2019	n/a	n/a	UK£75m
Mar 31 2019	UK£3m	UK£533k	UK£120m
Dec 31 2018	n/a	n/a	UK£153m
Sep 30 2018	n/a	n/a	UK£186m
Jun 30 2018	n/a	n/a	UK£186m
Mar 31 2018	UK£2m	UK£520k	UK£186m

Compensation vs Market: Andrew's total compensation ($USD2.96M) is about average for companies of similar size in the UK market ($USD3.23M).

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

CEO

Andrew Jones (55 yo)

11.3yrs

Tenure

UK£2,394,000

Compensation

Mr. Andrew Marc Jones, BSc (Hons), MRICS, serves as Director of A & J Mucklow Group Limited since June 27, 2019. He serves as Director of CT Property Trust Limited since August 07, 2023. He has been the Ch...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Jones	CEO & Executive Director	11.3yrs	UK£2.39m	0.27% £ 10.6m
Martin McGann	Finance Director & Executive Director	11.3yrs	UK£1.38m	0.17% £ 6.8m
Valentine Beresford	Investment Director	14.1yrs	UK£474.00k	0.19% £ 7.7m
Gareth Price	Head of Investor Relations & Sustainability	no data	no data	no data
Jackie Jessop	Head of Finance	11.3yrs	no data	no data
Mark Stirling	Asset Director	9.8yrs	UK£469.00k	0.16% £ 6.2m
William Evers	Head of Long Income	13.9yrs	no data	no data
Jadzia Duzniak	Company Secretary	no data	no data	no data
Andrew Smith	Strategy Director	no data	no data	0.030% £ 1.2m
Ritesh Patel	Forecasting & Corporate Finance Executive	no data	no data	no data

11.3yrs

Average Tenure

57yo

Average Age

Experienced Management: LMPL's management team is seasoned and experienced (11.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Jones	CEO & Executive Director	11.3yrs	UK£2.39m	0.27% £ 10.6m
Martin McGann	Finance Director & Executive Director	14.3yrs	UK£1.38m	0.17% £ 6.8m
Nicholas Leslau	Non-Independent Director	less than a year	no data	no data
Suzy Efua Gloria Neubert	Senior Independent Director	1.1yrs	no data	0.0018% £ 71.8k
William Livingston	Independent Non-Executive Director	7.9yrs	UK£57.00k	0.0052% £ 207.7k
Robert Fowlds	Independent Director	5.3yrs	UK£77.00k	0.0051% £ 202.2k
Alistair Elliott	Independent Non-Executive Chair	1.9yrs	UK£45.00k	0.0044% £ 175.2k
Sandra Gumm	Independent Director	less than a year	no data	no data
Suzanne Avery	Independent Non-Executive Director	6.1yrs	UK£62.00k	0.0013% £ 52.7k
Katerina Patmore	Independent Non-Executive Director	3.3yrs	UK£57.00k	0.00074% £ 29.3k

4.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: LMPL's board of directors are considered experienced (4.3 years average tenure).

LondonMetric Property Management

Management criteria checks 4/4

Key information

Recent management updates

LondonMetric Appoints Sandy Gumm to Board

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

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

LondonMetric Property plc Announces Directorate Change

CEO & Executive Director recently sold UK£412k worth of stock

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

Recent updates

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.

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 UK£1.1m 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.