Land Securities Group First Half 2024 Earnings: UK£0.24 loss per share (vs UK£0.26 loss in 1H 2023)

Land Securities Group (LON:LAND) First Half 2024 Results

Key Financial Results

• Revenue: UK£412.0m (up 4.6% from 1H 2023).
• Net loss: UK£181.0m (loss narrowed by 4.7% from 1H 2023).
• UK£0.24 loss per share (improved from UK£0.26 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Land Securities Group Earnings Insights

Looking ahead, revenue is expected to fall by 9.0% p.a. on average during the next 3 years compared to a 3.6% decline forecast for the REITs industry in the United Kingdom.

Performance of the British REITs industry.

The company's shares are up 6.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Land Securities Group (1 doesn't sit too well with us!) that you need to take into consideration.

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