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LondonMetric Property

Current Price 209.80p Bid 208.20p Ask 214.20p Change -1.78%
Last Updated: 31/05/2020 15:38. Prices delayed by at least 15 minutes.
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Company Overview

The company invests in commercial property, including office, retail and distribution real estate assets in the UK. However, it also says it would consider opportunities overseas if the scope for above-average returns was there. It was admitted to trading on the Main Market of the London Stock Exchange on 1st October 2010. It is run by real estate veterans Raymond Mould and Patrick Vaughan, who have both been involved in the UK property market since the 1970s.

Financial Highlights Year Ended 31/03/2019

Revenue
£85.11m
Operating Profit/Loss
£148.43m
Dividend yield (%)
4.10
Total dividend for year
8.2000p
Dividend cover
1.07
P/E Ratio
22.70

Key Personnel

Mr Andrew Jones
Chief Executive Officer
Mr Mark Stirling
Executive Director
Mr Valentine Beresford
Executive Director
Mr Martin McGann
Finance Director
Mr Andrew Livingston
Independent Non-Executive Director
Mr James Fitzroy Dean
Independent Non-Executive Director
Mr Robert Fowlds
Independent Non-Executive Director
Ms Rosalyn Wilton
Independent Non-Executive Director
Ms Suzanne Avery
Independent Non-Executive Director
Mr Patrick Vaughan
Non-Executive Chairman

Stock Details

EPIC
LMP
ISIN
GB00B4WFW713
Shares in Issue
908.28m
Market cap
£1,905.58m

Analyst Views (1)

Strong Buy
 
0%
Buy
 
0%
Hold
 
100.00%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
209.80p
Bid Price
208.20p
Ask Price
214.20p
Volume
4,168,946
Change Today
-3.80p
% Change Today
-1.78%
Open
211.60p
Previous Close
209.80p
Intraday High
214.40p
Intraday Low
207.20p
52 Week High
241.20p
52 Week Low
137.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Continuing Operations
Revenue
85.11
81.99
Operating Profit/Loss
148.43
181.66
Net Interest
-22.53
-9.27
Pre-Tax Profit
119.51
186.05
Profit After Tax from continuing operations
119.67
186.02
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
119.67
186.02
Attributable to:
Equity Holders of Parent Company
119.67
186.02
Minority Interests
n/a
n/a
Total Dividend Paid
8.2000p
7.9000p
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2019
31 Mar 2018
Basic
17.20p
26.90p
Diluted
17.10p
26.90p
Adjusted
8.80p
8.50p
Dividend per Share
8.2000p
7.9000p

Assets

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
n/a
n/a
Intangible Assets
n/a
n/a
Investment Properties
1,688.01
1,677.56
Investments
98.85
117.65
Other Financial Assets
n/a
2.84
Other Non-Current Assets
0.40
0.07
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
5.82
2.34
Cash at Bank & In Hand
20.61
26.16
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
n/a
Other Assets
n/a
n/a
Total Assets
1,813.69
1,826.62

Liabilities

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
36.40
33.58
Total Current Liabilities
36.40
33.58
Non-Current Liabilities
Borrowings
558.95
643.55
Provisions
n/a
n/a
Other Non-Current Liabilities
1.55
n/a
Total Non-Current Liabilities
560.50
643.55
Other Liabilities
n/a
n/a
Total Liabilities
596.90
677.13

Net Assets

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Net Assets
1,216.79
1,149.49

Capital & Reserves

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Share Capital
70.00
69.72
Share Premium Account
100.75
96.08
Other Reserves
231.33
232.14
Retained Earnings
814.71
751.55
Shareholders Funds
1,216.79
1,149.49
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,216.79
1,149.49

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
3rd Interim
12 Mar 2020
16 Apr 2020
2.00p
2nd Interim
05 Dec 2019
10 Jan 2020
2.00p
1st Interim
29 Aug 2019
07 Oct 2019
2.00p
4th Interim
06 Jun 2019
11 Jul 2019
2.50p
3rd Interim
14 Mar 2019
17 Apr 2019
1.90p
2nd Interim
06 Dec 2018
10 Jan 2019
1.90p
1st Interim
30 Aug 2018
05 Oct 2018
1.90p
4th Interim
07 Jun 2018
11 Jul 2018
2.35p
3rd Interim
15 Mar 2018
19 Apr 2018
1.85p
2nd Interim
07 Dec 2017
10 Jan 2018
1.85p
1st Interim
31 Aug 2017
06 Oct 2017
1.85p
4th Interim
08 Jun 2017
10 Jul 2017
2.10p
3rd Interim
16 Mar 2017
18 Apr 2017
1.80p
2nd Interim
08 Dec 2016
11 Jan 2017
1.80p
1st Interim
01 Sep 2016
07 Oct 2016
1.80p
Final
17 Mar 2016
05 Apr 2016
3.75p
Interim
03 Dec 2015
21 Dec 2015
3.50p
Final
11 Jun 2015
20 Jul 2015
3.50p
Final
11 Jun 2015
20 Jul 2015
3.50p
Interim
04 Dec 2014
19 Dec 2014
3.50p
2nd Interim
03 Mar 2010
01 Apr 2010
2.20p

Dividend Metrics

Year End Date
31 Mar 2019
31 Mar 2018
Dividend growth
3.80%
5.33%
Dividend yield
4.10%
4.40%
Dividend cover
1.07
1.08
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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