Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
LondonMetric Property ( (GB:LMP) ) has issued an update.
LondonMetric Property has expanded its leisure and hospitality exposure with the £89 million acquisition of nine Premier Inn hotels in a sale-and-leaseback deal with Whitbread, adding 955 South East-focused, purpose-built hotel rooms on new 30-year leases at a net initial yield of 5.3%. The transaction, which includes CPI-linked rent reviews on £5 million of annual rent and strong rent cover, builds on a recent £44 million hotel portfolio purchase from Whitbread and lifts LondonMetric’s ownership to 22 modern Premier Inn assets, making Whitbread its fourth-largest occupier and underscoring the REIT’s strategy of securing long, inflation-protected income in sectors benefiting from rising demand for travel, entertainment and experiences.
The most recent analyst rating on (GB:LMP) stock is a Buy with a £255.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.
Spark’s Take on GB:LMP Stock
According to Spark, TipRanks’ AI Analyst, GB:LMP is a Outperform.
LondonMetric Property’s overall stock score is driven by strong financial performance and positive earnings call insights. The company’s strategic acquisitions and successful bond issuance further enhance its growth prospects. While technical indicators are stable, the attractive valuation and high dividend yield add to its appeal. However, attention to rising debt levels and profit consistency is advised.
To see Spark’s full report on GB:LMP stock, click here.
More about LondonMetric Property
LondonMetric Property is a UK-listed triple net lease REIT with a £7 billion portfolio focused on structurally supported sectors including logistics, convenience, healthcare, entertainment and leisure, owning and managing income-generating real estate designed to meet occupier demand and deliver long-term, growing returns.
Average Trading Volume: 6,127,262
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.62B
Find detailed analytics on LMP stock on TipRanks’ Stock Analysis page.