LondonMetric Property (OTCPK:LNSP.F) - Stock Price, News & Analysis

LNSP.F Stock Overview

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. More details

LNSP.F fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	2/6
Financial Health	1/6
Dividends	5/6

Rewards

Trading at 14.3% below our estimate of its fair value

Earnings are forecast to grow 20.07% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 20.4%

Risk Analysis

Shareholders have been substantially diluted in the past year

Debt is not well covered by operating cash flow

Shares are highly illiquid

Significant insider selling over the past 3 months

+ 1 more risk

LondonMetric Property Plc Competitors

Broadstone Net Lease

NYSE:BNL

US$3.4b

Empire State Realty Trust

NYSE:ESRT

US$3.0b

Empire State Realty OP

ARCA:ESBA

US$3.0b

Essential Properties Realty Trust

NYSE:EPRT

US$5.9b

Price History & Performance

Summary of all time highs, changes and price drops for LondonMetric Property
Historical stock prices
Current Share Price	UK£2.36
52 Week High	UK£2.75
52 Week Low	UK£2.26
Beta	0.89
11 Month Change	-11.61%
3 Month Change	-10.61%
1 Year Change	4.42%
33 Year Change	-35.34%
5 Year Change	n/a
Change since IPO	41.40%

Recent updates

Shareholder Returns

	LNSP.F	US REITs	US Market
7D	4.4%	2.4%	2.2%
1Y	4.4%	12.5%	31.6%

Return vs Industry: LNSP.F underperformed the US REITs industry which returned 12.5% over the past year.

Return vs Market: LNSP.F underperformed the US Market which returned 31.6% over the past year.

Price Volatility

Is LNSP.F's price volatile compared to industry and market?
LNSP.F volatility
LNSP.F Average Weekly Movement	n/a
REITs Industry Average Movement	3.1%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: LNSP.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine LNSP.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2007	47	Andrew Jones	www.londonmetric.com

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

LondonMetric Property Plc Fundamentals Summary

How do LondonMetric Property's earnings and revenue compare to its market cap?
LNSP.F fundamental statistics
Market cap	US$4.85b
Earnings (TTM)	US$148.74m
Revenue (TTM)	US$223.04m

32.6x

P/E Ratio

21.8x

P/S Ratio

Is LNSP.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LNSP.F income statement (TTM)
Revenue	UK£178.00m
Cost of Revenue	UK£1.70m
Gross Profit	UK£176.30m
Other Expenses	UK£57.60m
Earnings	UK£118.70m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Nov 26, 2024

Earnings per share (EPS)	0.058
Gross Margin	99.04%
Net Profit Margin	66.69%
Debt/Equity Ratio	57.8%

How did LNSP.F perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

74%

Payout Ratio

LNSP.F Stock Overview

Rewards

Risk Analysis

LondonMetric Property Plc Competitors

NYSE:BNL

US$3.4b

NYSE:ESRT

US$3.0b

ARCA:ESBA

US$3.0b

NYSE:EPRT

US$5.9b

Price History & Performance

Recent News & Updates

An undisclosed buyer acquired Small development site in London and a Boots retail unit in Bangor from LondonMetric Property Plc (LSE:LMP) for £2 million.

LondonMetric Property Plc Announces Appointment of Darren Richards as Chief Investment Officer

LondonMetric Property Plc to Report First Half, 2025 Results on Nov 26, 2024

LondonMetric Property Plc Declares First Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024

Londonmetric Property plc Declares Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024

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.

Recent updates

An undisclosed buyer acquired Small development site in London and a Boots retail unit in Bangor from LondonMetric Property Plc (LSE:LMP) for £2 million.

LondonMetric Property Plc Announces Appointment of Darren Richards as Chief Investment Officer

LondonMetric Property Plc to Report First Half, 2025 Results on Nov 26, 2024

LondonMetric Property Plc Declares First Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024

Londonmetric Property plc Declares Quarterly Interim Dividend for Fiscal Year 2024/25, Payable on 8 October 2024

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.

LondonMetric Property Plc(LSE:LMP) dropped from FTSE 250 Index

LondonMetric Property Plc, Annual General Meeting, Jul 22, 2024

An unknown buyer acquired Two offices in Scotland from LondonMetric Property Plc (LSE:LMP) for £36.6 million.

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

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.

Londonmetric Property plc Declares Its Third Quarterly Interim Dividend, Payable on April 8, 2024

LondonMetric Property Plc, Annual General Meeting, Feb 27, 2024

LondonMetric Property Plc to Report Fiscal Year 2024 Results on Jun 04, 2024

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.

LondonMetric Property Plc Announces Final Quarterly Dividend

LondonMetric Property and LXI REIT Confirm Discussions Regarding Possible All-Share Merger of the Two Companies

LondonMetric Property and LXI REIT Confirm Discussions Regarding Possible All-Share Merger of the Two Companies

Londonmetric Property plc Declares Second Quarterly Interim Dividend, Payable on 11 January 2024

An unknown buyer acquired Office investment in Worcester and Convenience food investment in Leicester from LondonMetric Property Plc (LSE:LMP) for £9.2 million.

LondonMetric Property plc Announces Directorate Change

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

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.

LondonMetric Property Plc to Report First Half, 2024 Results on Nov 23, 2023

An Unknown buyer acquired Five Long Income and Urban Assets of LondonMetric from LondonMetric Property Plc (LSE:LMP) for £42.8 million.

LondonMetric Property Plc Declares Fourth Quarterly Interim Dividend, Payable on 12 July 2023

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

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

LondonMetric Property Plc Announces Board Changes

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

LondonMetric Property Plc to Report First Half, 2023 Results on Nov 23, 2022

Londonmetric Property plc Declares a 4.5% Increase in its First Quarterly Interim Dividend for Fiscal Year 2022-23, Payable on 7 October 2022

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

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).

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.

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.

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.

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

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

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

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