LondonMetric Property Plc
LSE:LMP Stock Report
LondonMetric Property Balance Sheet Health
Financial Health criteria checks 1/6 LondonMetric Property has a total shareholder equity of £4.0B and total debt of £2.3B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are £6.5B and £2.5B respectively. LondonMetric Property's EBIT is £156.6M making its interest coverage ratio 4.6. It has cash and short-term investments of £111.9M.
Key information
57.8%
Debt to equity ratio
Interest coverage ratio 4.6x Cash UK£111.90m Equity UK£3.97b Total liabilities UK£2.51b Total assets UK£6.48b
Recent financial health updates
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Finance Director & Executive Director recently sold UK£1.0m worth of stock Oct 04
LondonMetric Property Plc Announces Appointment of Darren Richards as Chief Investment Officer Sep 24
LondonMetric Property Plc to Report First Half, 2025 Results on Nov 26, 2024 Sep 18
Consensus EPS estimates increase by 20% Sep 06
Fourth quarter dividend of UK£0.029 announced Aug 23
LondonMetric Property Plc Declares First Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024 Aug 22
Londonmetric Property plc Declares Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024 Aug 21
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. Jul 11 LondonMetric Property Plc(LSE:LMP) dropped from FTSE 250 Index
LondonMetric Property Plc, Annual General Meeting, Jul 22, 2024 Jun 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Jun 21
Independent Non-Executive Director recently sold UK£467k worth of stock Jun 20
Fourth quarter dividend of UK£0.03 announced Jun 06
Earnings Beat: LondonMetric Property Plc Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models Jun 06
An unknown buyer acquired Two offices in Scotland from LondonMetric Property Plc (LSE:LMP) for £36.6 million. Jun 06
Full year 2024 earnings: EPS and revenues exceed analyst expectations Jun 05 An undisclosed buyer acquired 106,000 sq ft Asda foodstore in Scotland from LondonMetric Property Plc (LSE:LMP) for £10.5 million. LondonMetric Appoints Sandy Gumm to Board
Independent Non-Executive Director recently bought UK£1.9m worth of stock Mar 20
New major risk - Shareholder dilution Mar 07
Price target increased by 7.8% to UK£2.13 Mar 07
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. Mar 06
Dividend of UK£0.024 announced Feb 25
Londonmetric Property plc Declares Its Third Quarterly Interim Dividend, Payable on April 8, 2024 Feb 22
Price target increased by 7.0% to UK£2.01 Feb 20
LondonMetric Property Plc, Annual General Meeting, Feb 27, 2024 Feb 07
LondonMetric Property Plc to Report Fiscal Year 2024 Results on Jun 04, 2024 Jan 30 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. Jan 12
LondonMetric Property Plc Announces Final Quarterly Dividend Jan 11
New major risk - Revenue and earnings growth Dec 21 LondonMetric Property and LXI REIT Confirm Discussions Regarding Possible All-Share Merger of the Two Companies Dec 18
Londonmetric Property plc Declares Second Quarterly Interim Dividend, Payable on 11 January 2024 Dec 07
First half 2024 earnings released: EPS: UK£0.08 (vs UK£0.25 loss in 1H 2023) Nov 24
An unknown buyer acquired Office investment in Worcester and Convenience food investment in Leicester from LondonMetric Property Plc (LSE:LMP) for £9.2 million. Nov 03
LondonMetric Property plc Announces Directorate Change Sep 29 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 Aug 24
New minor risk - Shareholder dilution Aug 08
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. Aug 08
LondonMetric Property Plc to Report First Half, 2024 Results on Nov 23, 2023 Jul 29
An Unknown buyer acquired Five Long Income and Urban Assets of LondonMetric from LondonMetric Property Plc (LSE:LMP) for £42.8 million. Jul 07
CEO & Executive Director recently sold UK£412k worth of stock Jun 21
LondonMetric Property Plc Declares Fourth Quarterly Interim Dividend, Payable on 12 July 2023 Jun 09
LondonMetric Property Plc, Annual General Meeting, Jun 12, 2023 May 26
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind May 25
LondonMetric Property Plc to Report Fiscal Year 2023 Results on May 24, 2023 Feb 09
LondonMetric Property Plc Announces Board Changes Jan 27
Consensus forecasts updated Jan 18
LondonMetric Property Plc (LSE:LMP) acquired 68,000 sq ft NNN retail asset in South East London for £38.0 million. Dec 16
LondonMetric Property plc Declares Second Quarterly Interim Dividend, Payable on 10 January 2023 Dec 09
Co-Founder & Non-Executive Chairman recently sold UK£573k worth of stock Nov 28
First half 2023 earnings released: UK£0.25 loss per share (vs UK£0.28 profit in 1H 2022) Nov 24
Price target decreased to UK£2.40 Oct 07
Price target decreased to UK£2.51 Oct 03
LondonMetric Property Plc to Report First Half, 2023 Results on Nov 23, 2022 Sep 30
Investor sentiment deteriorated over the past week Sep 26
Londonmetric Property plc Declares a 4.5% Increase in its First Quarterly Interim Dividend for Fiscal Year 2022-23, Payable on 7 October 2022 Aug 24
Now 21% undervalued after recent price drop Aug 22
An unknown buyer acquired Roadside Asset in Stamford Hill, London from LondonMetric Property Plc (LSE:LMP) for £4 million. Aug 17
LondonMetric Property plc Approves Election of Alistair Elliott as A Director At the Annual General Meeting Held on July 13, 2022 Jul 14
LondonMetric Property Plc, Annual General Meeting, Jul 13, 2022 Jun 14
Consensus EPS estimates fall by 19% Jun 06
Upcoming dividend of UK£0.026 per share Jun 02
Full year 2022 earnings: EPS and revenues exceed analyst expectations May 27 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. May 24
Euro Garages Limited acquired Petrol filling station and convenience store in Rushden from LondonMetric Property Plc (LSE:LMP). May 19 An unknown buyer acquired A Petrol Filling Station and Convenience Store in Rushden from LondonMetric Property Plc (LSE:LMP).
Insufficient new directors Apr 27 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 Apr 05
LondonMetric Property Plc Declares Third Quarterly Interim Dividend, Payable on April 12,2022 Mar 04
An unknown buyer acquired Car Showroom in Solihull from LondonMetric Property Plc (LSE:LMP) for £15 million. Feb 18 An unknown buyer acquired Car Showroom in Solihull from LondonMetric Property Plc (LSE:LMP) for £15.0 million.
Insufficient new directors Feb 02
Co-Founder & Non-Executive Chairman recently sold UK£1.1m worth of stock Nov 25
First half 2022 earnings released: EPS UK£0.28 (vs UK£0.095 in 1H 2021) Nov 20
First half 2022 earnings released: EPS UK£0.28 (vs UK£0.095 in 1H 2021) Nov 20
LondonMetric Property Plc (LSE:LMP) acquired 41,000 sq ft building in South Ruislip, West London for £18 million. Sep 15
An unknown buyer acquired 29,000 sq ft grocery asset in Liverpoo from LondonMetric Property Plc (LSE:LMP) for £10.2 million. Sep 04
An unknown buyer agreed to acquire Retail park in Kirkstall, Leeds from LondonMetric Property Plc (LSE:LMP) for £25.2 million. Aug 10
Financial Position Analysis
Short Term Liabilities: LMP's short term assets (£142.9M) do not cover its short term liabilities (£209.0M).
Long Term Liabilities: LMP's short term assets (£142.9M) do not cover its long term liabilities (£2.3B).
Debt to Equity History and Analysis
Debt Level: LMP's net debt to equity ratio (55%) is considered high .
Reducing Debt: LMP's debt to equity ratio has increased from 46.1% to 57.8% over the past 5 years.
Debt Coverage: LMP's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: LMP's interest payments on its debt are well covered by EBIT (4.6x coverage).
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