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Key financial summary
Financials in GBP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | £m | 113 | 122 | 133 | 136 | 178 | 397 | 465 | 465 |
| Operating profit | £m | 415 | 416 | ||||||
| Net profit | £m | -6 | 257 | 735 | -506 | 119 | 348 | 296 | 296 |
| EPS reported | £ | 0.13 | 0.13 | ||||||
| Operating cashflow per share | £ | 0.11 | 0.11 | ||||||
| Capex per share | £ | 0.01 | 0.01 | ||||||
| FCF per share | £ | 0.10 | 0.10 | ||||||
| Free cash flow | £m | 236 | 236 | ||||||
| Net debt | £m | 2,795 | 2,794 | ||||||
| Book value equity | £m | 4,714 | 4,714 | ||||||
| Book value per share | £ | 2.07 | 2.02 | ||||||
| Number of shares | m | 2,277.2 | 2,329.58 | ||||||
| DPS (TTM paid) | £ | 0.09 | 0.13 |
Financial summary
Financials in GBP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 13.96 | - | ||||||
| P/B LTM | x | 0.87 | 0.85 | ||||||
| P/S LTM | x | 8.87 | 8.65 | ||||||
| P/FCF LTM | x | 17.43 | 17.00 | ||||||
| EV/EBITDA LTM | x | 15.09 | 14.75 | ||||||
| EV/Sales LTM | x | 15.00 | 14.66 | ||||||
| Earnings Yield LTM | % | 7.16% | 7.42% | ||||||
| FCF Yield | % | 5.74% | 5.88% | ||||||
| Quality | |||||||||
| ROE | % | 6.27% | 6.29% | ||||||
| ROIC | % | 5.06% | 5.07% | ||||||
| Operating margin | % | 89.26% | 89.47% | ||||||
| Gross margin | % | 98.19% | 98.19% | ||||||
| FCF/Sales | % | 50.86% | 50.86% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -23.53% | -23.53% | ||||||
| Sales Growth YoY | % | +17.12% | +17.12% | ||||||
| Net Income Growth YoY | % | -15.00% | -15.00% | ||||||
| FCF Growth | % | -16.80% | -16.80% | ||||||
| Operating Profit Growth | % | -10.76% | -10.76% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 5.96% | 7.31% | ||||||
| Dividend Growth | % | -23.39% | +2.87% | ||||||
| Payout Ratio | % | 82.86% | 82.96% | ||||||
| FCF/Debt | x | 0.08 | 0.08 | ||||||
| Net Debt/EBITDA | x | 6.17 | 6.17 | ||||||
| EBIT/Net interest | x | 2.53 | 4.51 | ||||||
| Net debt/market cap | % | 67.86% | 69.56% | ||||||
| Net debt/Equity | x | 0.59 | 0.59 | ||||||
| Gross debt/equity | x | 0.63 | 0.63 | ||||||
ETFs that hold LondonMetric Property
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1C | D5BK.DE | 10 | 2.55% |
| iShares UK Property UCITS ETF | UKPH.SG | 3 | 8.10% |
| iShares International Developed Small Cap Value Factor ETF | ISVL | 10 | 0.81% |
| State Street SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | UKDV.L | 4 | 4.11% |
Funds with LondonMetric Property among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
LondonMetric Property Plc, a prominent FTSE 250 Real Estate Investment Trust (REIT), specialises in owning and managing a substantial portfolio of commercial properties across the UK. This includes one of the nation's premier listed logistics platforms, complemented by a diversified array of long income assets, collectively spanning an impressive 16 million square feet. The company's strategy centres on acquiring and optimising high-quality real estate that precisely meets the demands of its occupiers. This approach consistently generates dependable, recurring, and increasing income-led returns, and positions LondonMetric for sustained outperformance over the long term.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

LondonMetric Property Plc (LMP.L)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1C | D5BK.DE | 10 | 2.55% |
| iShares UK Property UCITS ETF | UKPH.SG | 3 | 8.10% |
| iShares International Developed Small Cap Value Factor ETF | ISVL | 10 | 0.81% |
| State Street SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | UKDV.L | 4 | 4.11% |
Funds with LondonMetric Property among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
LondonMetric Property Plc, a prominent FTSE 250 Real Estate Investment Trust (REIT), specialises in owning and managing a substantial portfolio of commercial properties across the UK. This includes one of the nation's premier listed logistics platforms, complemented by a diversified array of long income assets, collectively spanning an impressive 16 million square feet. The company's strategy centres on acquiring and optimising high-quality real estate that precisely meets the demands of its occupiers. This approach consistently generates dependable, recurring, and increasing income-led returns, and positions LondonMetric for sustained outperformance over the long term.
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