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LondonMetric Property

OTCPK:LNSP.F
Snowflake Description

6 star dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LNSP.F
OTCPK
£1B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. The last earnings update was 17 days ago. More info.


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LNSP.F Share Price and Events
7 Day Returns
0%
OTCPK:LNSP.F
-2.4%
US REITs
-1.6%
US Market
1 Year Returns
-
OTCPK:LNSP.F
-2.4%
US REITs
-1.5%
US Market
LNSP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LondonMetric Property (LNSP.F) 0% 0% - - - -
US REITs -2.4% -0% -2.2% -2.4% 8.4% 30%
US Market -1.6% -2.8% -10.2% -1.5% 28.3% 38.9%
1 Year Return vs Industry and Market
  • No trading data on LNSP.F.
  • No trading data on LNSP.F.
Price Volatility
LNSP.F
Industry
5yr Volatility vs Market

LNSP.F Value

 Is LondonMetric Property undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LondonMetric Property to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LondonMetric Property.

OTCPK:LNSP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 3x Analysts Estimates of Net Asset Value
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:LNSP.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.478 (1 + (1- 19%) (54.09%))
0.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for OTCPK:LNSP.F using 3x Analysts Estimates of Net Asset Value Model

In the case of Real Estate Investment Trusts (REITs) like LondonMetric Property our preference is to use estimates of Adjusted Funds from Operations (AFFO) to calculate the intrinsic value using a discounted cash flow calculation.

However, in the case of LondonMetric Property these estimates are not available, instead we are able to use analyst estimates of Net Asset Value (NAV).

The Net Asset Value (NAV) model is the most common intrinsic valuation methodology for REITs. The underlying idea is that you can value a REIT by valuing its real estate assets and then adjusting for its other assets and subtracting liabilities.

See our documentation to learn about this calculation.

OTCPK:LNSP.F Net Asset Value (NAV)
Calculation Result
Average NAV from 3 analysts: GBP1,280.36 = GBP1,280.36 / 695 GBP2.39
OTCPK:LNSP.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:LNSP.F represents 1.29477x of LSE:LMP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.29477x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.84 x 1.29477
$2.39
Value per share (USD) From above. $2.39
Current discount Discount to share price of $2.35
= -1 x ($2.35 - $2.39) / $2.39
1.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price LondonMetric Property is available for.
Intrinsic value
1%
Share price is $2.35 vs Future cash flow value of $2.39
Current Discount Checks
For LondonMetric Property to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LondonMetric Property's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • LondonMetric Property's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LondonMetric Property's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LondonMetric Property's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:LNSP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.27
LSE:LMP Share Price ** LSE (2018-09-17) in GBP £1.82
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 30.04x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 17.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LondonMetric Property.

OTCPK:LNSP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:LMP Share Price ÷ EPS (both in GBP)

= 1.82 ÷ 0.27

6.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LondonMetric Property is good value based on earnings compared to the US REITs industry average.
  • LondonMetric Property is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does LondonMetric Property's expected growth come at a high price?
Raw Data
OTCPK:LNSP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-21.1%per year
United States of America REITs Industry PEG Ratio Median Figure of 143 Publicly-Listed REITs Companies 1.01x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

OTCPK:LNSP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.79x ÷ -21.1%

-0.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LondonMetric Property earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LondonMetric Property's assets?
Raw Data
OTCPK:LNSP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £1.72
LSE:LMP Share Price * LSE (2018-09-17) in GBP £1.82
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.68x
United States of America Market PB Ratio Median Figure of 5,074 Publicly-Listed Companies 1.72x
OTCPK:LNSP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:LMP Share Price ÷ Book Value per Share (both in GBP)

= 1.82 ÷ 1.72

1.05x

* Primary Listing of LondonMetric Property.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LondonMetric Property is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess LondonMetric Property's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. LondonMetric Property has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LNSP.F Future Performance

 How is LondonMetric Property expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-21.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LondonMetric Property expected to grow at an attractive rate?
  • LondonMetric Property's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • LondonMetric Property's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • LondonMetric Property's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:LNSP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:LNSP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -21.1%
OTCPK:LNSP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.7%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.4%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:LNSP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:LNSP.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 99 63 95 4
2020-03-31 95 48 106 4
2019-03-31 88 77 131 4
OTCPK:LNSP.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 88 55 186
2018-06-30 89 53 186
2018-03-31 90 52 186
2017-12-31 88 59 171
2017-09-30 86 58 156
2017-06-30 84 57 109
2017-03-31 81 57 63
2016-12-31 81 50 34
2016-09-30 80 43 5
2016-06-30 78 37 44
2016-03-31 76 31 83
2015-12-31 74 30 118

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LondonMetric Property's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • LondonMetric Property's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:LNSP.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from LondonMetric Property Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LNSP.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.14 0.16 0.12 2.00
2020-03-31 0.14 0.18 0.11 3.00
2019-03-31 0.19 0.20 0.18 2.00
OTCPK:LNSP.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.27
2018-06-30 0.27
2018-03-31 0.27
2017-12-31 0.25
2017-09-30 0.24
2017-06-30 0.17
2017-03-31 0.10
2016-12-31 0.05
2016-09-30 0.01
2016-06-30 0.07
2016-03-31 0.13
2015-12-31 0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • LondonMetric Property is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LondonMetric Property's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LondonMetric Property has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LNSP.F Past Performance

  How has LondonMetric Property performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LondonMetric Property's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LondonMetric Property's year on year earnings growth rate has been positive over the past 5 years.
  • LondonMetric Property's 1-year earnings growth exceeds its 5-year average (19.3% vs 8%)
  • LondonMetric Property's earnings growth has exceeded the US REITs industry average in the past year (19.3% vs 14%).
Earnings and Revenue History
LondonMetric Property's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LondonMetric Property Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LNSP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 87.82 185.69 13.94
2018-06-30 89.11 185.86 13.87
2018-03-31 90.41 186.02 13.80
2017-12-31 88.38 170.85 13.53
2017-09-30 86.34 155.69 13.27
2017-06-30 83.86 109.34 13.27
2017-03-31 81.39 63.00 13.27
2016-12-31 80.50 34.15 13.51
2016-09-30 79.62 5.29 13.74
2016-06-30 77.90 44.01 13.69
2016-03-31 76.18 82.72 13.64
2015-12-31 73.67 118.41 13.13
2015-09-30 71.16 154.10 12.63
2015-06-30 70.73 156.77 12.57
2015-03-31 70.31 159.45 12.50
2014-12-31 67.52 155.18 11.20
2014-09-30 64.72 150.92 9.89
2014-06-30 61.93 138.13 11.69
2014-03-31 59.13 125.34 13.48
2013-12-31 61.04 80.45 11.61
2013-09-30 62.95 35.56 9.74
2013-06-30 60.07 11.05 10.35
2013-03-31 57.19 -13.46 10.96
2012-12-31 52.44 -5.20 10.31
2012-09-30 47.70 3.05 9.67
2012-06-30 48.63 2.87 9.59
2012-03-31 49.57 2.69 9.52
2011-12-31 58.48 12.22 13.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • LondonMetric Property has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LondonMetric Property used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • LondonMetric Property's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LondonMetric Property's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LondonMetric Property has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LNSP.F Health

 How is LondonMetric Property's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LondonMetric Property's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LondonMetric Property is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LondonMetric Property's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of LondonMetric Property's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LondonMetric Property Company Filings, last reported 2 months ago.

OTCPK:LNSP.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,198.58 678.61 30.70
2018-06-30 1,198.58 678.61 30.70
2018-03-31 1,149.49 643.55 26.16
2017-12-31 1,149.49 643.55 26.16
2017-09-30 1,063.93 635.87 31.55
2017-06-30 1,063.93 635.87 31.55
2017-03-31 1,006.92 489.67 42.94
2016-12-31 1,006.92 489.67 42.94
2016-09-30 860.85 617.62 48.91
2016-06-30 860.85 617.62 48.91
2016-03-31 898.20 591.48 42.62
2015-12-31 898.20 591.48 42.62
2015-09-30 901.05 557.75 21.86
2015-06-30 901.05 557.75 21.86
2015-03-31 870.15 469.13 50.57
2014-12-31 870.15 469.13 50.57
2014-09-30 801.94 482.86 45.31
2014-06-30 801.94 482.86 45.31
2014-03-31 755.85 411.38 78.36
2013-12-31 755.85 411.38 78.36
2013-09-30 696.72 348.18 73.63
2013-06-30 696.72 348.18 73.63
2013-03-31 676.67 470.21 37.57
2012-12-31 676.67 470.21 37.57
2012-09-30 609.82 240.29 98.87
2012-06-30 609.82 240.29 98.87
2012-03-31 636.69 332.11 136.93
2011-12-31 636.69 332.11 136.93
  • LondonMetric Property's level of debt (56.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (50% vs 56.6% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess LondonMetric Property's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LondonMetric Property has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LNSP.F Dividends

 What is LondonMetric Property's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.35%
Current annual income from LondonMetric Property dividends. Estimated to be 4.66% next year.
If you bought $2,000 of LondonMetric Property shares you are expected to receive $87 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • LondonMetric Property's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • LondonMetric Property's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:LNSP.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 4.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1982 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:LNSP.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.09 8.00
2020-03-31 0.08 9.00
2019-03-31 0.08 8.00
OTCPK:LNSP.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-06-14 0.079 4.316
2017-07-04 0.084 4.754
2017-03-09 0.072 4.385
2016-11-30 0.072 4.807
2016-08-24 0.072 4.688
2016-03-03 0.075 4.715
2015-06-16 0.070 4.312
2015-06-02 0.070 4.177
2014-11-26 0.070 4.381
2014-06-18 0.070 4.964
2014-06-03 0.070 4.978
2013-11-28 0.070 5.021
2013-06-11 0.070 5.984
2013-05-31 0.070 6.115
2012-11-09 0.070 6.319
2012-05-30 0.070 6.148
2011-11-24 0.070 6.365
2011-05-26 0.066 5.390
2010-11-24 0.060 4.686
2010-06-18 0.044 3.770
2010-05-27 0.044 3.576
2009-11-19 0.044 3.692
2009-06-11 0.040 3.160
2009-03-31 0.040 3.369
2008-12-16 0.040 3.734

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of LondonMetric Property's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess LondonMetric Property's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LondonMetric Property afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LondonMetric Property has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LNSP.F Management

 What is the CEO of LondonMetric Property's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Jones
COMPENSATION £2,324,000
AGE 49
TENURE AS CEO 5.9 years
CEO Bio

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 shareholders and key stakeholders and relays views to the Board, develops and recommends strategy to the Board and is responsible for its implementation and is also responsible for Day to day management of the business operations and personnel assisted by the Executive team. Mr. Jones was the Chief Executive Officer at Metric Property Investments PLC since March 2010 until January 2013 and served as its Director since June 29, 2011, which he Co-Founded in March 2010. He served as Head of Retail of British Land Co. plc until January 31, 2010 and its Executive Director from July 14, 2006 to January 31, 2010. He joined British Land in August 2005. He served as Co-Head of Asset Management of British Land Corporation Ltd., for British Land Co. Plc. He served as Co-Head of Asset Management and Managing Director of the new Fund Management Group and along with his on-going responsibilities for Hercules and HIF, overseeing the British Land Retail Warehouse portfolio. Mr. Jones has over 16 years of experience within the retail property sector in the UK. He has been a Non-Executive Director of The Unite Group plc since February 1, 2013.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year.
  • Andrew's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the LondonMetric Property management team in years:

5.2
Average Tenure
52
Average Age
  • The average tenure for the LondonMetric Property management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Jones

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
49
TENURE
5.9 yrs

Martin McGann

TITLE
Finance Director & Executive Director
COMPENSATION
£1M
AGE
57
TENURE
8.2 yrs

Valentine Beresford

TITLE
Investment Director & Executive Director
COMPENSATION
£1M
AGE
53
TENURE
4.5 yrs

Mark Stirling

TITLE
Asset Director & Executive Director
COMPENSATION
£1M
AGE
55
TENURE
4.5 yrs

Jack Jessop

TITLE
Principal
AGE
49

Jadzia Duzniak

TITLE
Company Secretary
AGE
51

Andrew Smith

TITLE
Strategy Director
Board of Directors Tenure

Average tenure and age of the LondonMetric Property board of directors in years:

5.9
Average Tenure
60.5
Average Age
  • The tenure for the LondonMetric Property board of directors is about average.
Board of Directors

Patrick Vaughan

TITLE
Co-Founder & Non-Executive Chairman
COMPENSATION
£259K
AGE
69
TENURE
8.9 yrs

Andrew Jones

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
49
TENURE
5.9 yrs

Martin McGann

TITLE
Finance Director & Executive Director
COMPENSATION
£1M
AGE
57
TENURE
9.7 yrs

Valentine Beresford

TITLE
Investment Director & Executive Director
COMPENSATION
£1M
AGE
53
TENURE
4.5 yrs

Mark Stirling

TITLE
Asset Director & Executive Director
COMPENSATION
£1M
AGE
55
TENURE
4.5 yrs

James Dean

TITLE
Independent Non Executive Director
COMPENSATION
£63K
AGE
64
TENURE
8.4 yrs

Ros Wilton

TITLE
Non-Executive Director
COMPENSATION
£68K
AGE
66
TENURE
4.8 yrs

Philip Watson

TITLE
Senior Independent Director
COMPENSATION
£58K
AGE
69
TENURE
5.9 yrs

Alec Pelmore

TITLE
Non-Executive Director
COMPENSATION
£53K
AGE
65
TENURE
5.9 yrs

Andrew Livingston

TITLE
Independent Non-Executive Director
COMPENSATION
£56K
AGE
50
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by LondonMetric Property insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Sep 18 Buy Rosalyn S. Wilton Individual 17. Sep 18 17. Sep 18 50,000 $2.40 $119,867
17. Aug 18 Buy Suzanne Avery Individual 17. Aug 18 17. Aug 18 20,000 $2.33 $46,554
01. Jun 18 Sell Patrick Vaughan Individual 30. May 18 30. May 18 -300,000 $2.55 $-764,019
30. Jan 18 Sell Patrick Vaughan Individual 25. Jan 18 26. Jan 18 -300,000 $2.57 $-767,650
X
Management checks
We assess LondonMetric Property's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LondonMetric Property has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LNSP.F News

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LNSP.F Company Info

Map
Description

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 13 million sq ft under management.

Details
Name: LondonMetric Property Plc
LNSP.F
Exchange: OTCPK
Founded: 2007
£1,575,995,245
695,027,000
Website: http://www.londonmetric.com
Address: LondonMetric Property Plc
One Curzon Street,
London,
East Lothian, W1J 5HB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE LMP Ordinary Shares London Stock Exchange GB GBP 07. Nov 2007
OTCPK LNSP.F Ordinary Shares Pink Sheets LLC US USD 07. Nov 2007
DB 5PP Ordinary Shares Deutsche Boerse AG DE EUR 07. Nov 2007
BATS-CHIXE LMPL Ordinary Shares BATS 'Chi-X Europe' GB GBP 07. Nov 2007
Number of employees
Current staff
Staff numbers
36
LondonMetric Property employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/15 02:02
End of day share price update: 2018/09/17 00:00
Last estimates confirmation: 2018/11/29
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.