Land Securities Group Future Growth

Future criteria checks 3/6

Land Securities Group's revenue is forecast to decline at 8.9% per annum while its annual earnings are expected to grow at 87.6% per year. EPS is expected to grow by 107.8% per annum. Return on equity is forecast to be 5.9% in 3 years.

Key information

87.6%

Earnings growth rate

107.8%

EPS growth rate

REITs earnings growth	94.2%
Revenue growth rate	-8.9%
Future return on equity	5.9%
Analyst coverage	Good
Last updated	09 Apr 2024

Recent future growth updates

Recent updates

The CEO & Executive Director of Land Securities Group plc (LON:LAND), Mark Allan, Just Bought 41% More Shares

Nov 22

Earnings and Revenue Growth Forecasts

LSE:LAND - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	564	331	N/A	365	1
3/31/2026	634	493	83	414	5
3/31/2025	628	289	71	409	6
3/31/2024	648	-333	61	418	5
9/30/2023	809	-610	332	332	N/A
6/30/2023	800	-614	337	337	N/A
3/31/2023	791	-619	342	342	N/A
12/31/2022	775	-107	371	371	N/A
9/30/2022	758	404	399	399	N/A
6/30/2022	719	637	390	390	N/A
3/31/2022	679	869	381	381	N/A
12/31/2021	651	293	344	344	N/A
9/30/2021	623	-283	307	307	N/A
6/30/2021	629	-838	270	270	N/A
3/31/2021	635	-1,393	233	233	N/A
12/31/2020	667	-1,457	267	267	N/A
9/30/2020	699	-1,522	301	301	N/A
6/30/2020	720	-1,177	351	351	N/A
3/31/2020	741	-832	401	401	N/A
12/31/2019	745	-570	415	415	N/A
9/30/2019	748	-308	428	428	N/A
6/30/2019	753	-213	426	426	N/A
3/31/2019	757	-119	424	424	N/A
12/31/2018	790	-76	454	454	N/A
9/30/2018	823	-33	483	483	N/A
6/30/2018	827	-38	464	464	N/A
3/31/2018	830	-44	445	445	N/A
12/31/2017	813	99	393	393	N/A
9/30/2017	796	242	341	341	N/A
6/30/2017	792	178	N/A	364	N/A
3/31/2017	787	113	N/A	386	N/A
12/31/2016	867	323	N/A	425	N/A
9/30/2016	948	534	N/A	464	N/A
6/30/2016	945	936	N/A	448	N/A
3/31/2016	942	1,338	N/A	432	N/A
12/31/2015	867	1,716	N/A	356	N/A
9/30/2015	793	2,094	N/A	279	N/A
6/30/2015	782	2,255	N/A	256	N/A
3/31/2015	770	2,417	N/A	234	N/A
12/31/2014	744	2,083	N/A	219	N/A
9/30/2014	717	1,750	N/A	205	N/A
6/30/2014	717	1,433	N/A	182	N/A
3/31/2014	717	1,117	N/A	159	N/A
12/31/2013	749	958	N/A	201	N/A
9/30/2013	781	800	N/A	243	N/A
6/30/2013	759	666	N/A	245	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: LAND is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: LAND is expected to become profitable in the next 3 years.

Revenue vs Market: LAND's revenue is expected to decline over the next 3 years (-8.9% per year).

High Growth Revenue: LAND's revenue is forecast to decline over the next 3 years (-8.9% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LAND's Return on Equity is forecast to be low in 3 years time (5.9%).

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Land Securities Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 20%

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

Consensus EPS estimates fall by 10%

Consensus forecasts updated

Consensus forecasts updated

Price target decreased to UK£7.09

Recent updates

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 increased to UK£0.093

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)

Consensus EPS estimates fall by 20%

Now 20% undervalued after recent price drop

High number of new directors

Now 21% undervalued

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

Now 21% undervalued after recent price drop

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

Land Securities Group Plc Announces Executive Changes

CEO & Executive Director exercised options and sold UK£511k worth of stock

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: EPS and revenues exceed analyst expectations

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

Consensus EPS estimates fall by 10%

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

Consensus forecasts updated

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

Consensus forecasts updated

Price target decreased to UK£7.09

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

Investor sentiment deteriorated over the past week

Consensus forecasts updated

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: EPS and revenues miss analyst expectations

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).

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

Land Securities Group plc (LSE:LAND) agreed to acquire Oval Works from The Berkeley Group Holdings plc (LSE:BKG).

Upcoming dividend of UK£0.07 per share

COO & Director exercised options and sold UK£205k worth of stock

Upcoming dividend of UK£0.09 per share

Forecast breakeven moved forward to 2022

CEO & Executive Director recently bought UK£149k worth of stock

Land Securities Group plc Recommends Final Dividend, Payable on July 23, 2021

Full year 2021 earnings released

Forecast breakeven moved forward to 2022