LondonMetric Property

LMP: 236.20 +2.80 (+1.20%) delayed: 9 Dec 2019, 18:30

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LondonMetric Property Fundamentals

Share Price Information

Name LondonMetric Property
Epic LMP
Sector Diversified REITs
ISIN GB00B4WFW713
Activites LondonMetric Property plcis a FTSE 250 REIT that specialises in distribution, long income and convenience-led retail property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 12 million sq ft under management.
Index FTSE 250

Key numbers

Latest Share price (p) 236.20 Net gearing (%) 31.78
Market capitalisation (£m) 1,963.32 Gross gearing (%) 32.91
Shares in issue (m) 841.18 Debt ratio 31.54
P/E ratio 13.57 Debt-to-equity ratio 0.94
Total dividends per share (p) 8.20 Assets / equity ratio 1.49
Dividend yield (%) 3.56 Price to book value 1.61
Dividend cover 2.07 ROCE (%) 6.72
Earning per share (p) 17.20 EPS growth (%) -36.06
52-week high / low (p) 244.80 / 171.50 DPS growth (%) 3.80

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Mar 2019 Full Year 86 120 17.20 GBP
31 Mar 2018 Full Year 83 186 26.90 GBP
31 Mar 2017 Full Year 75 63 10.10 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
Q1 Dividend 29 Aug 2019 07 Oct 2019 2.00 GBX 0.00
H2 Dividend 06 Jun 2019 11 Jul 2019 2.50 GBX 8.20
Q3 Dividend 14 Mar 2019 17 Apr 2019 1.90 GBX 0.00
H1 Dividend 06 Dec 2018 10 Jan 2019 1.90 GBX 0.00
Q1 Dividend 30 Aug 2018 05 Oct 2018 1.90 GBX 0.00
H2 Dividend 07 Jun 2018 11 Jul 2018 2.35 GBX 7.90
Q3 Dividend 15 Mar 2018 19 Apr 2018 1.85 GBX 0.00
H1 Dividend 07 Dec 2017 10 Jan 2018 1.85 GBX 0.00
Q1 Dividend 31 Aug 2017 06 Oct 2017 1.85 GBX 0.00
H2 Dividend 08 Jun 2017 10 Jul 2017 2.10 GBX 7.50
Q3 Dividend 16 Mar 2017 18 Apr 2017 1.80 GBX 0.00
H1 Dividend 08 Dec 2016 11 Jan 2017 1.80 GBX 0.00
Q1 Dividend 01 Sep 2016 07 Oct 2016 1.80 GBX 0.00
H2 Dividend 17 Mar 2016 05 Apr 2016 3.75 GBX 7.25
H1 Dividend 03 Dec 2015 21 Dec 2015 3.50 GBX 0.00
Special Dividend 11 Jun 2015 20 Jul 2015 2.00 GBX 0.00
H2 Dividend 11 Jun 2015 20 Jul 2015 3.50 GBX 7.00
H1 Dividend 04 Dec 2014 19 Dec 2014 3.50 GBX 0.00

Contact details

Company name LondonMetric Property
Address 21 St James's Square, London SW1Y 4JZ.
Telephone +44 (0)20 7484 9000
Website http://www.londonmetric.com/

Advisors

Company's broker Peel Hunt
Company's joint broker Credit Suisse
NOMAD Peel Hunt
Registrar Link Asset Services
Auditors BDO Stoy Hayward
Solicitors Nabarro

Directors

Appointed Director Position
25 Jan 2013 Andrew Marc Jones Chief Executive Officer
03 Jun 2014 Mark Andrew Stirling Executive Director
03 Jun 2014 Valentine Tristram Beresford Executive Director
07 Apr 2009 Martin Francis McGann Finance Director
30 Oct 2007 Patrick Lionel Vaughan Non-Executive Chairman
26 Mar 2014 Rosalyn Susan Wilton Non-Executive Director
31 May 2016 William Andrew Livingston Non-Executive Director
31 Jan 2019 Robert Turner Fowlds Non-Executive Director
01 Oct 2010 James Fitzroy Dean Non-Executive Director
22 Mar 2018 Suzanne Lee Avery Non-Executive Director

Company financials

Assets (£m) 2019 2018 2017
Reporting date 31 Mar 2019 31 Mar 2018 31 Mar 2017
Tangible assets 0 0 0
Intangible asssets and goodwill 0 0 0
Investments and other non-current assets 1,787 1,798 1,481
Total non-current assets 1,787 1,798 1,481
Inventory / work in progress 0 0 0
Trade and other receivables 6 2 19
Cash and equivalents 21 26 43
Other current assets and asset held for resale 0 0 0
Total of all assets 1,814 1,827 1,543
Liabilities (£m) 2019 2018 2017
Short term liabilities 36 34 46
Long term liabilities 561 644 490
Other liabilites / pension etc 0 0 0
Total of all liabilities 597 677 536
Net assets (£m) 2019 2018 2017
Net assets 1,217 1,149 1,007
Equity (£m) 2019 2018 2017
Share capital 70 70 69
Minority interests 0 0 0
Retained earnings 815 752 618
Share premium account 101 96 89
Other equity 231 232 231
Total equity 1,217 1,149 1,007
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 54 52 51
Cashflow before financing 137 -126 58
Increase / decrease in Cash -6 -17 0
Income (£m) 2019 2018 2017
Turnover 86 83 75
Cost of sales 0 0 0
Gross profit 0 0 0
Operating profit 142 195 83
Pre-tax profit 120 186 63
Profit / loss for the year 120 186 63