LondonMetric Property

LMP: 226.40 0.00 (0.00%) delayed: 12 Dec 2019, 5:00

Trade now

LondonMetric Property News

Broker Forecast - Barclays Capital issues a broker note on LondonMetric Property
Tue 10 Dec 2019 11:20

Barclays Capital today reaffirms its overweight investment rating on LondonMetric Property (LON:LMP) and raised its price target to 220p (from 210p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 29 Nov 2019 12:00

Patrick Vaughan, Chairman, bought 400,000 shares in the company on the 28th November 2019 at a price of 236.20p. The Director now holds 12,000,000 shares. NOTE: Average price Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Broker Forecast - Peel Hunt issues a broker note on LondonMetric Property
Wed 27 Nov 2019 09:10

Peel Hunt today reaffirms its add investment rating on LondonMetric Property (LON:LMP) and raised its price target to 250p (from 230p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric swings to loss amid lower property revaluation gains
Wed 27 Nov 2019 08:58

LondonMetric swung to a first-half loss on lower property revaluation gains as economic and political uncertainty weighed on the property market. For the six months ended 30 September 2019, the company reported a pre-tax loss of £10.7m, compared with a profit of £79.3m on-year and net rental income rose 16.6% to £54.9m. Property revaluation gains fell to £16.6m from £51m a year earlier. The company declared an interim dividend of 4.0p, up 5.3%. At 8:58am: (LON:LMP) LondonMetric...
>> Read more >>
LondonMetric Property sells office, distribution warehouse for £11.6m
Mon 14 Oct 2019 07:32

LondonMetric Property said it had sold an office and a distribution warehouse for a combined £11.6m at material premiums to book value. The 21,000 square foot office, located in Leicester and let for a further nine years to My Home Move, was acquired through the Mucklow acquisition and had been sold for £5.7m at a net initial yield (NIY) of 6.0%, the company said. The 84,000 square foot distribution warehouse, located in Doncaster and let to Croda for a further two years, had been sold for...
>> Read more >>
LondonMetric Property acquires warehouse development for £24m
Mon 19 Aug 2019 07:46

LondonMetric Property said it had agreed to acquire a warehouse for £24m, reflecting a yield on cost of 5.2%. Construction on the 232,000 square foot warehouse would commence imminently and expected to be completed in mid-2020. LondonMetric would forward fund the developer, db symmetry, benefiting from a 5.2% funding coupon. The warehouse had been pre-let to Croda, a FTSE 100 speciality chemical company, on a 20 year lease at a rent of £1.3m a year and was subject to annually payable...
>> Read more >>
LondonMetric Property buys warehouse in Bognor Regis for £17.8m
Thu 08 Aug 2019 09:55

LondonMetric Property said it had purchased a south coast regional distribution warehouse for £17.8m, reflecting a net income yield of 9.0%. The 298,600 sq ft warehouse, located in Bognor Regis along the new bypass, four miles from the A27, was let for a further two years at a rent of £1.7m a year to John Wiley & Sons. Simultaneous with purchase, Wiley had signed a 15-year reversionary lease with LondonMetric, commencing in 2021, at a rent of £2.0m a year (£6.50 psf) subject to...
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Mon 22 Jul 2019 12:35

Patrick Vaughan, Chairman, sold 650,000 shares in the company on the 19th July 2019 at a price of 206.50p. The Director now holds 11,600,000 shares. NOTE: Several transactions over 2 days. Average price shown Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Broker Forecast - Peel Hunt issues a broker note on LondonMetric Property
Thu 04 Jul 2019 09:10

Peel Hunt today reaffirms its add investment rating on LondonMetric Property (LON:LMP) and raised its price target to 230p (from 190p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:20

Mark Stirling, Executive Director, sold 22,875 shares in the company on the 18th June 2019 at a price of 208.62p. The Director now holds 2,717,707 shares. NOTE: Sold to meet tax liabilities etc Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:20

Mark Stirling, Executive Director, has transferred in 48,524 shares in the company on the 18th June 2019 at a price of 0.00p. The Director now holds 2,740,582 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:20

Valentine Beresford, Executive Director, sold 22,875 shares in the company on the 18th June 2019 at a price of 208.62p. The Director now holds 3,224,045 shares. NOTE: Sold to meet tax liabilities etc Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:20

Valentine Beresford, Executive Director, has transferred in 48,524 shares in the company on the 18th June 2019 at a price of 0.00p. The Director now holds 3,246,920 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:20

Martin McGann, Financial Director, sold 21,723 shares in the company on the 18th June 2019 at a price of 208.62p. The Director now holds 2,785,052 shares. NOTE: Sold to meet tax liabilities etc Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:20

Martin McGann, Financial Director, has transferred in 46,080 shares in the company on the 18th June 2019 at a price of 0.00p. The Director now holds 2,806,775 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:15

Andrew Jones, Chief Executive Officer, sold 39,012 shares in the company on the 18th June 2019 at a price of 208.62p. The Director now holds 4,196,699 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Wed 19 Jun 2019 12:15

Andrew Jones, Chief Executive Officer, has transferred in 82,755 shares in the company on the 18th June 2019 at a price of 0.00p. The Director now holds 4,235,711 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Broker Forecast - Barclays Capital issues a broker note on LondonMetric Property
Tue 04 Jun 2019 08:40

Barclays Capital today reaffirms its overweight investment rating on LondonMetric Property (LON:LMP) and raised its price target to 210p (from 195p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
Broker Forecast - RBC Capital Markets issues a broker note on LondonMetric Property
Fri 31 May 2019 10:30

RBC Capital Markets today reaffirms its sector performer investment rating on LondonMetric Property (LON:LMP) and raised its price target to 215p (from 205p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric profits fall despite rise in rental income; offers £414.7m to buy A&J Mucklow
Thu 23 May 2019 09:44

LondonMetric reported a fall in first-half profits despite a rise in net rental income lifting earnings growth. The company also announced that it had tabled a £414.7m offer to buy A&J Mucklow Group. 'We believe that today's announcement of the recommended offer for Mucklow is a natural next step for the Company,' the company said. 'With a highly complementary portfolio focused on the outperforming urban logistics sector along with asset management opportunities, which play to...
>> Read more >>
London Metric Property exchanges contracts to let two logistics warehouses at Bedford Link Logistics Park
Mon 13 May 2019 08:32

London Metric Property exchanged contracts to let two logistics warehouses across 138,000 square feet at its Bedford Link Logistics Park. The largest warehouse of 107,000 square foot had been let to a 'major US automation & technology business and the other 31,000 square foot warehouse has been let to Workstories, a commercial furniture wholesaler,' the company said. Both warehouses had been let on 15 year leases at an average rent of £7.25 per square foot and would generate £1.0m of...
>> Read more >>
Broker Forecast - RBC Capital Markets issues a broker note on LondonMetric Property
Tue 16 Apr 2019 10:00

RBC Capital Markets today initiates coverage of LondonMetric Property (LON:LMP) with a sector performer investment rating and price target of 200p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric exchanges contracts with Argos to extend lease; with Oak Furniture Land to extend its warehouse
Wed 03 Apr 2019 08:20

LondonMetric Property exchanged contracts with Argos to extend the lease at its distribution warehouse by a further 12 years. The company also exchanged contracts with Oak Furniture Land to extend its warehouse. The new lease with Argos would run for 15 years, without break, and generate a rent of £4.1m pa subject to five yearly inflation linked uplifts, the company said. LondonMetric also exchanged contracts with Oak Furniture Land to extend its 302,000 square feet distribution...
>> Read more >>
LondonMetric Property sells two warehouses for £67m
Mon 25 Mar 2019 07:39

LondonMetric Property said it had sold two logistics warehouses, in Sheffield and Wakefield, for £67m, to Exeter Property Group. The 527,000 square ft property in Wakefield (546,000 sq ft including canopy), previously occupied by Poundworld, had been sold for £43.5m. The building was acquired on practical completion in September 2016 for £39.4m and had delivered an ungeared internal rate return of 6% per year. The sale was in line with book value, the company said. The 335,000 square foot...
>> Read more >>
Broker Forecast - Morgan Stanley issues a broker note on LondonMetric Property
Thu 14 Mar 2019 13:30

Morgan Stanley today reaffirms its equal weight investment rating on LondonMetric Property (LON:LMP) and raised its price target to 200p (from 190p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
Broker Forecast - Barclays Capital issues a broker note on LondonMetric Property
Fri 15 Feb 2019 12:00

Barclays Capital today reaffirms its overweight investment rating on LondonMetric Property (LON:LMP) and cut its price target to 195p (from 200p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric Property sells three warehouses for £24.3m
Mon 07 Jan 2019 07:27

LondonMetric Property said Monday it had sold three distribution warehouses for a combined £24.3m to various buyers, reflecting a blended net income yield of 5.4%. The sale price achieved was 4% above book value, the company said. Two of the properties were located in Wakefield and the third was a regional distribution warehouse in Ashby-de-la-Zouche. 'Whilst these sales will have an impact on our short term earnings, they are the right property decisions, which strengthen the...
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Thu 20 Dec 2018 14:55

Patrick Vaughan, Chairman, bought 261,000 shares in the company on the 18th December 2018 at a price of 179.30p. The Director now holds 12,923,000 shares. NOTE: Price averaged over 2 x Transactions: 250000 18-12-2018 @ 179.1 11000 20-12-2018 @ 182.7 Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric Property raises £150m through private placement
Thu 20 Dec 2018 09:01

LondonMetric Property on Thursday raised £150m through a private placement of debt. The company entered into a £150m private placement at a blended fixed rate coupon of 3.5% and a weighted average maturity of 12 years. The private placement was with five institutional investors in four tranches included £50m senior notes due 2029; £50m senior notes due 2030, £10m senior notes due 2031; and £40m senior notes due 2034. Draw down of the proceeds from the private placement would be delayed...
>> Read more >>
LondonMetric profits flat but earnings rise on net rental income growth
Wed 28 Nov 2018 07:42

LondonMetric said Wednesday first-half profits were roughly flat compared with a year earlier even as a rise in net rental income boosted earnings growth. For the six months ended 30 September, pre-tax profits fell to £79.3m from £79.6m a year earlier, while net rental income was up 5.8% to £47.1m boosting earnings -- stated as EPRA net asset value per share – to 172.1p a share, up 6.6% from a year earlier. The portfolio delivered a total property return of 5.4%, significantly...
>> Read more >>
LondonMetric sells retail park for £22m
Mon 19 Nov 2018 07:13

LondonMetric said Monday it had sold its retail park in Martlesham Heath, Ipswich, for £22m reflecting a net income yield of 5.2%. The property had generated a profit on cost of 40% and an ungeared return of 13% a year and was sold to a long-term investor and reflected a premium to March 2018 book value, the company said. The retail park was acquired in 2013 for £10.4m. 'Whilst demand for physical retail assets continues to polarise rapidly, investor appetite for long and strong income...
>> Read more >>
Broker Forecast - Liberum Capital issues a broker note on LondonMetric Property
Thu 25 Oct 2018 08:10

Liberum Capital today reaffirms its hold investment rating on LondonMetric Property (LON:LMP) and cut its price target to 180p (from 200p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
Broker Forecast - Barclays Capital issues a broker note on LondonMetric Property
Tue 02 Oct 2018 14:00

Barclays Capital today initiates coverage of LondonMetric Property (LON:LMP) with a overweight investment rating and price target of 200p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Tue 18 Sep 2018 09:00

Rosalyn Wilton, Non Executive Director, bought 50,000 shares in the company on the 17th September 2018 at a price of 182.50p. The Director now holds 100,000 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric sells retail park in Launceston for £21.9m
Mon 10 Sep 2018 07:46

LondonMetric Property said Monday it had sold its retail park in Launceston for £21.9m, reflecting a net initial yield of 5.6%. The approximately 70,000 square foot retail park was acquired in August 2010 for £13.5m and formed part of the original Metric portfolio. The property generated a profit on cost of 13% and an ungeared return of 7% a year, and had been sold above March 2018 book value to a long term investor. 'This disposal is in line with our strategy to reduce our ownership of...
>> Read more >>
LondonMetric acquires two logistics warehouses for £23.5m
Mon 20 Aug 2018 07:09

LondonMetric said Monday it had acquired two urban logistics warehouses for £23.5m, reflecting a blended net initial yield of 4.9% and rising to 5.6% after five years. The average lease length is 13 years, the company said. The company acquired a 48,000 square feet warehouse had been acquired in Avonmouth, let to Chep at a rent of £0.7m pa, subject to annual RPI linked reviews of between 2% to 4%. Chep is a global leader in pallet supplies and distribution, and is part of the Brambles...
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 17 Aug 2018 13:45

Susan Avery, Non Executive Director, bought 20,000 shares in the company on the 17th August 2018 at a price of 182.80p. The Director now holds 20,000 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric sells cinema asset for £13.7m; acquires logistics warehouse
Wed 11 Jul 2018 15:09

Real estate investor LondonMetric Property said it had exchanged contracts on the sale of an Odeon Cinema in Warrington for £13.7m. The sale reflected a net initial yield of 4.8%. The company also announced that it had acquired an urban logistics asset in Milton Keynes for £12.0m, reflecting a deemed net initial yield of over 5.0%. The cinema disposal was agreed above current book value and was expected to generate an un-geared internal rate of return of around 20%. At Milton Keynes, the...
>> Read more >>
LondonMetric sells two M&S stores; buys convenience development in Durham
Mon 02 Jul 2018 07:19

LondonMetric said Monday that it had sold two M&S convenience stores for £10.7m, reflecting a net interest yield of 4.5%, and purchased a convenience development in Durham pre-let to Lidl for £13.3m, reflecting a yield on cost of 5.4%. The two M&S stores that had been sold were purchased by LondonMetric in 2015 for £7.7m at a blended yield on cost of 5.9%, delivering an ungeared internal rate of return of 17% per annum. The 58,000 sq ft convenience development in Durham had been...
>> Read more >>
Broker Forecast - JP Morgan Cazenove issues a broker note on LondonMetric Property
Wed 27 Jun 2018 09:00

JP Morgan Cazenove today reaffirms its neutral investment rating on LondonMetric Property (LON:LMP) and raised its price target to 210p (from 200p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:10

Mark Stirling, Executive Director, sold 209,409 shares in the company on the 22nd June 2018 at a price of 187.63p. The Director now holds 2,485,522 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:10

Mark Stirling, Executive Director, has transferred in 444,210 shares in the company on the 22nd June 2018 at a price of 0.00p. The Director now holds 2,694,931 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:10

Valentine Beresford, Executive Director, sold 209,409 shares in the company on the 22nd June 2018 at a price of 187.63p. The Director now holds 2,991,860 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:10

Valentine Beresford, Executive Director, has transferred in 444,210 shares in the company on the 22nd June 2018 at a price of 0.00p. The Director now holds 2,991,860 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:05

Martin McGann, Financial Director, has transferred in 421,837 shares in the company on the 22nd June 2018 at a price of 0.00p. The Director now holds 2,763,422 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:05

Martin McGann, Financial Director, has transferred in 421,837 shares in the company on the 22nd June 2018 at a price of 0.00p. The Director now holds 2,763,422 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:05

Andrew Jones, Chief Executive Officer, sold 373,926 shares in the company on the 22nd June 2018 at a price of 187.63p. The Director now holds 3,791,072 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
Director Deals - LondonMetric Property (LMP)
Fri 22 Jun 2018 13:05

Andrew Jones, Chief Executive Officer, has transferred in 793,196 shares in the company on the 22nd June 2018 at a price of 0.00p. The Director now holds 4,164,998 shares. NOTE: Vesting Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>
LondonMetric Property acquires property portfolio for £55m
Wed 20 Jun 2018 07:52

LondonMetric Property said Wednesday it had acquired ten single let properties from the ACT Foundation for £55.0m. The purchase price reflected a day one blended net interest yield of 4.4% and a reversionary yield of 5.3%, the company said. The ten single let property portfolio consisted of nine urban logistics assets - 50% are located in London and the South East with a further 35% located in the Midlands - totalling 340,000 sq ft and a retail store let to Wickes for a further 14 years....
>> Read more >>
Broker Forecast - Numis issues a broker note on LondonMetric Property
Tue 05 Jun 2018 10:40

Numis today reaffirms its hold investment rating on LondonMetric Property (LON:LMP) and raised its price target to 187p (from 181p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>

Page 1 >> Next >>

Data provided by

and

Prices quoted have a delay of at least 15 minutes. You may receive a different price (which may be higher or lower) when an instruction is executed. Though all reasonable efforts are made to present accurate data, Equiniti Financial Services Limited and third party data providers accept no responsibility for the correctness, completeness or accuracy of the data provided.
Where past performance details are included this is not a reliable indicator of future performance. Short-term past performance of less than one year is a particularly unreliable indicator.