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Landsec Delivers 20-Year High Occupancy and Strong Rent Growth as It Tightens Capital Base

Story Highlights
  • Landsec posted higher earnings, record occupancy and robust rental growth, lifting dividends and net tangible assets for the year.
  • The REIT sharpened its portfolio through disposals and long-dated debt, supporting future income growth from offices, retail and a growing residential pipeline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Landsec Delivers 20-Year High Occupancy and Strong Rent Growth as It Tightens Capital Base

Meet Samuel – Your Personal Investing Prophet

An update from Land Securities Group plc REIT ( (GB:LAND) ) is now available.

Landsec reported full-year results to 31 March 2026 showing its portfolio positioned for a higher inflation and interest rate environment, with like-for-like net rental income up 4.6% and EPRA earnings per share rising 2.2% to 51.4p, at the top end of guidance. Occupancy climbed to a 20-year high of 98%, rents grew at their fastest pace in nearly two decades and the dividend increased 2%, while EPRA NTA per share rose 0.9% for the year.

Office-led assets delivered 6% like-for-like income growth and a decade-high 98.6% occupancy, and retail-led assets saw 5.5% income growth, a 20-year high occupancy of 97.7% and robust rental uplifts, driving ERV growth to its strongest level in around 20 years. Capital discipline remains central, with £705m of disposals, average debt maturity of 8.6 years, leverage edging down and net debt/EBITDA targeted to fall below 7x, as management prioritises income growth, tapered development exposure and selective retail investment while advancing a 9,000-home residential pipeline.

The most recent analyst rating on (GB:LAND) stock is a Buy with a £705.00 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Spark’s Take on LAND Stock

According to Spark, TipRanks’ AI Analyst, LAND is a Outperform.

Land Securities Group plc demonstrates strong financial performance and positive technical indicators, supported by a favorable earnings call. The company’s strategic focus on retail and office leasing, along with attractive valuation metrics, contribute to a positive outlook. However, caution is warranted due to increased debt levels.

To see Spark’s full report on LAND stock, click here.

More about Land Securities Group plc REIT

Land Securities Group plc, trading as Landsec, is a leading UK real estate investment trust focused on high‑quality office and retail-led properties in prime locations. The group concentrates on best-in-class destinations with strong customer demand, while gradually building a medium-term residential-led platform to diversify income and reduce cyclicality.

Average Trading Volume: 3,341,711

Technical Sentiment Signal: Hold

Current Market Cap: £4.18B

Learn more about LAND stock on TipRanks’ Stock Analysis page.

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