LondonMetric Property Financial Health

Financial Health criteria checks 2/6

LondonMetric Property has a total shareholder equity of £2.0B and total debt of £1.0B, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are £3.1B and £1.1B respectively. LondonMetric Property's EBIT is £118.5M making its interest coverage ratio 4.2. It has cash and short-term investments of £32.6M.

Key information

50.6%

Debt to equity ratio

UK£1.01b

Debt

Interest coverage ratio	4.2x
Cash	UK£32.60m
Equity	UK£2.00b
Total liabilities	UK£1.08b
Total assets	UK£3.08b

Recent financial health updates

No updates

Recent updates

Are Poor Financial Prospects Dragging Down LondonMetric Property Plc (LON:LMP Stock?

Mar 16

How Much Is LondonMetric Property Plc (LON:LMP) Paying Its CEO?

Jan 14

Have Insiders Sold LondonMetric Property Plc (LON:LMP) Shares Recently?

Dec 18

LondonMetric Property Plc's (LON:LMP) Dismal Stock Performance Reflects Weak Fundamentals

Nov 23

Financial Position Analysis

Short Term Liabilities: LMP's short term assets (£59.3M) do not cover its short term liabilities (£130.9M).

Long Term Liabilities: LMP's short term assets (£59.3M) do not cover its long term liabilities (£951.9M).

Debt to Equity History and Analysis

Debt Level: LMP's net debt to equity ratio (49%) is considered high.

Reducing Debt: LMP's debt to equity ratio has reduced from 56% to 50.6% over the past 5 years.

Debt Coverage: LMP's debt is not well covered by operating cash flow (13.2%).

Interest Coverage: LMP's interest payments on its debt are well covered by EBIT (4.2x coverage).

Balance Sheet

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LondonMetric Property Financial Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Recent updates

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

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

LondonMetric Property Plc to Report Fiscal Year 2023 Results on May 24, 2023

LondonMetric Property Plc Announces Board Changes

Consensus forecasts updated

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)

Price target decreased to UK£2.40

Price target decreased to UK£2.51

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

LondonMetric Property Plc, Annual General Meeting, Jul 13, 2022

Consensus EPS estimates fall by 19%

Upcoming dividend of UK£0.026 per share

Full year 2022 earnings: EPS and revenues exceed analyst expectations

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)

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.

Consensus forecasts updated

CEO & Executive Director exercised options and sold UK£705k worth of stock

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.

Are Poor Financial Prospects Dragging Down LondonMetric Property Plc (LON:LMP Stock?

Realty Income Corporation (NYSE:O) acquired Portfolio Of Long Income Assets from LondonMetric Property Plc (LSE:LMP) for £40.9 million.

New 90-day low: UK£2.17

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

Analysts update estimates

How Much Is LondonMetric Property Plc (LON:LMP) Paying Its CEO?

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.

LondonMetric Property plc Announces Two Urban Logistics Acquisitions for £39 Million

New 90-day high: UK£2.38

Key Executive recently sold UK£1.2m worth of stock

Have Insiders Sold LondonMetric Property Plc (LON:LMP) Shares Recently?

LondonMetric Property Plc's (LON:LMP) Dismal Stock Performance Reflects Weak Fundamentals

First half 2021 earnings released: EPS UK£0.095

A Private investor agree to acquire a Stand-alone Matalan unit in Leicester from LondonMetric Property Plc (LSE:LMP) for £3.4 million.

New 90-day low: UK£2.16

LondonMetric Property Plc (LSE:LMP) acquired Three BP/M&S convenience service stations in Brentwood, Pevensey and Lewes for £10.8 million.

Alberta Investment Management Corporation agreed to acquire Portfolio of six distribution warehouses from LondonMetric Property Plc (LSE:LMP) for £57.3 million.

New 90-day high - UK£2.43

LondonMetric Property Plc (LSE:LMP) acquired Portfolio of 21 UK roadside centers from Kwik-Fit Group Limited.

LondonMetric Property Plc (LSE:LMP) acquired Portfolio of Five Roadside Service Centres in London from Kwik-Fit Group Limited for £9.6 million.

New 90-day high - UK£2.28

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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