LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 17 million sq ft under management.
6 star dividend payer and fair value.
Share Price & News
How has LondonMetric Property's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LNSP.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how LNSP.F performed against the US REITs industry.
Return vs Market: Insufficient data to determine how LNSP.F performed against the US Market.
Price Volatility Vs. Market
How volatile is LondonMetric Property's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is LondonMetric Property undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LNSP.F ($2.67) is trading above our estimate of fair value ($2.39)
Significantly Below Fair Value: LNSP.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LNSP.F is good value based on its PE Ratio (12.6x) compared to the REITs industry average (37.8x).
PE vs Market: LNSP.F is good value based on its PE Ratio (12.6x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: LNSP.F is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: LNSP.F is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (2x).
How is LondonMetric Property forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LNSP.F's forecast earnings growth (5.2% per year) is above the savings rate (2.7%).
Earnings vs Market: LNSP.F's earnings (5.2% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: LNSP.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: LNSP.F's revenue (7.4% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: LNSP.F's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LNSP.F's Return on Equity is forecast to be low in 3 years time (5.1%).
How has LondonMetric Property performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LNSP.F has a large one-off gain of £63.4M impacting its March 31 2019 financial results.
Growing Profit Margin: LNSP.F's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: LNSP.F's earnings have grown by 3% per year over the past 5 years.
Accelerating Growth: LNSP.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LNSP.F had negative earnings growth (-35.7%) over the past year, making it difficult to compare to the REITs industry average (8.1%).
Return on Equity
High ROE: LNSP.F's Return on Equity (9.8%) is considered low.
Return on Assets
Return on Capital Employed
How is LondonMetric Property's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: LNSP.F has a high level of physical assets or inventory.
Debt Coverage by Assets: LNSP.F's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: LNSP.F's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if LNSP.F has a sufficient allowance for bad loans.
Low Risk Liabilities: LNSP.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if LNSP.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LNSP.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if LNSP.F has an appropriate level of bad loans.
What is LondonMetric Property's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LNSP.F's dividend (3.77%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: LNSP.F's dividend (3.77%) is in the top 25% of dividend payers in the US market (3.66%)
Stability and Growth of Payments
Stable Dividend: LNSP.F's dividends per share have been stable in the past 10 years.
Growing Dividend: LNSP.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (93.5%), LNSP.F's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LNSP.F's dividends in 3 years are forecast to be covered by earnings (90.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andrew Jones (50yo)
Mr. Andrew M. Jones, BSc (Hons), MRICS, has been the Chief Executive Officer and Executive Director of LondonMetric Property Plc since January 25, 2013. Mr. Jones manages dialogue and communication with sh ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD3.15M) is about average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||6.7yrs||UK£2.56m||0.50% £11.2m|
|Finance Director & Executive Director||10.4yrs||UK£1.48m||0.33% £7.4m|
|Non-Executive Director||5.5yrs||UK£68.00k||0.012% £267.3k|
|Independent Non Executive Director||9.2yrs||UK£63.00k||0.0024% £53.5k|
|Co-Founder & Non-Executive Chairman||9.7yrs||UK£241.00k||1.39% £31.0m|
|Independent Non-Executive Director||3.3yrs||UK£56.00k||0.0082% £184.3k|
|Senior Independent Director||0yrs||UK£9.00k||0.012% £278.1k|
|Independent Non-Executive Director||1.5yrs||UK£57.00k||0.0027% £60.8k|
Experienced Board: LNSP.F's board of directors are considered experienced (6.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LNSP.F insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
LondonMetric Property Plc's company bio, employee growth, exchange listings and data sources
- Name: LondonMetric Property Plc
- Ticker: LNSP.F
- Exchange: OTCPK
- Founded: 2007
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: UK£1.819b
- Listing Market Cap: UK£2.237b
- Shares outstanding: 836.58m
- Website: https://www.londonmetric.com
Number of Employees
- LondonMetric Property Plc
- One Curzon Street
- 1st Floor
- East Lothian
- W1J 5HB
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LMP||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Nov 2007|
|LNSP.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Nov 2007|
|LMPL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Nov 2007|
|5PP||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2007|
LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 12 million sq ft under management.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/01 00:20|
|End of Day Share Price||2019/07/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.