Landsec's earnings call reflects a strong operational performance with significant like-for-like income growth and an optimistic outlook for future EPS growth. The company has successfully increased occupancy and portfolio value while strategically investing in premium retail locations. However, challenges such as rising net debt, interest costs, and the holding costs of predevelopment assets present obstacles. Despite these challenges, the company's strategic focus on sustainable income and EPS growth suggests a positive trajectory.

Company Guidance -

Q4 2025

In the call, Landsec provided guidance indicating a positive outlook for EPS growth, projecting a 20% increase over the next five years, even after accounting for a 10% EPS headwind due to rising interest costs and a finance lease expiry. The company expects continued strong like-for-like income growth, with overall income up 5% over the year and specific increases of 6.6% in Central London and 5.1% in retail. Landsec's occupancy rate improved by 100 basis points to 97.2%. Their dividend grew by 2%, aligning with guidance, and net tangible assets per share rose by 1.7%, contributing to a 6.4% return on equity. The company aims to maintain a strong capital base, targeting a net debt to EBITDA ratio of less than 8 times and a loan-to-value ratio around the mid-30s. Landsec's strategic focus includes investing in high-quality retail destinations and establishing a substantial residential platform, with goals to shift portfolio mix and sustain EPS growth in the long term.

Strong Operational Performance

Landsec reported high like-for-like income growth across both London and retail, which make up 83% of the business. Overall like-for-like income growth over the year was up 5% with uplifts on relettings and renewals in retail and London rising to 8%.

Increase in Occupancy and Portfolio Value

The company delivered a 100 basis point increase in occupancy to 97.2% and a portfolio value increase of 1.1% driven by successful leasing activity.

Positive EPS Growth Outlook

Landsec expects EPS growth of around 20% over the next five years, even after absorbing a 10% EPS headwind from rising interest costs.

Retail Investment and Growth

Invested over GBP600 million into premium retail destinations Liverpool ONE and Bluewater at highly accretive yields. Retail portfolio value increased by 3.4%, driven by ERV growth and yield compression.

Development and Residential Pipeline

Commenced planning for significant residential developments in London and Manchester, with potential to start projects by late 2026.

Landsec (LDSCY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LDSCY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2026 (Q2)	- / -	―	―	―	―
May 16, 2025	2025 (Q4)	- / 0.26	-0.234	211.11% (+0.49)
Nov 15, 2024	2025 (Q2)	- / 0.42	-0.307	237.13% (+0.73)
May 17, 2024	2024 (Q4)	- / -0.23	-0.691	66.14% (+0.46)
Nov 14, 2023	2024 (Q2)	- / -0.31	-0.312	1.60% (<+0.01)
May 16, 2023	2023 (Q4)	- / -0.69	1.078	-164.10% (-1.77)
Nov 15, 2022	2023 (Q2)	- / -0.31	0.516	-160.47% (-0.83)
May 17, 2022	2022 (Q4)	- / 1.08	-1.017	206.00% (+2.09)	―	―
Nov 16, 2021	2022 (Q2)	- / 0.52	-1.429	136.11% (+1.95)	―	―
May 18, 2021	2021 (Q4)	- / -1.02	-1.19	14.54% (+0.17)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LDSCY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 16, 2025	$7.92	$7.91	-0.13%
Nov 15, 2024	$7.12	$7.39	+3.79%
May 17, 2024	$8.28	$8.08	-2.42%
Nov 14, 2023	$6.90	$7.47	+8.26%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Landsec (LDSCY) report earnings?

Landsec (LDSCY) is schdueled to report earning on Nov 18, 2025, TBA (Confirmed).

What is Landsec (LDSCY) earnings time?

Landsec (LDSCY) earnings time is at Nov 18, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LDSCY EPS forecast?

Currently, no data Available

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