The earnings call reflected a strong operational performance with significant growth in like-for-like income and EPS, supported by strategic asset sales and cost reductions. However, there are challenges with a slight decline in NTA per share and the impact of the QAM sale on EPS. Overall, the company's strategic focus on retail and office leasing presents a positive outlook for future growth.

Company Guidance

During the call, Landsec provided comprehensive guidance on various financial metrics and strategic initiatives. The company reported a 5.2% growth in like-for-like income, with office occupancy reaching nearly 99%, significantly surpassing the London market average of 92%. They raised their guidance for EPS growth to the top end of their 2% to 4% range, anticipating further income and EPS growth driven by a robust retail portfolio and reduced overhead costs. Landsec aims to decrease its net debt-to-EBITDA ratio to below 7x within the next two years and expects to reduce its loan-to-value (LTV) to below 35%. The company plans to recycle capital by selling lower-return assets, including London offices, to fund investments in major retail spaces. Additionally, they raised their overhead cost savings target to over GBP 10 million for the next financial year and expect strong retail income growth, projecting a compound annual growth in net rental income of 4.5% to 7% over the next five years.

Strong Like-for-Like Income Growth

Landsec achieved a 5.2% growth in like-for-like income, with office occupancy reaching nearly 99%, significantly ahead of the overall London market at 92%.

Increased EPS and Dividend

EPS was up 3.2%, and the interim dividend increased by 2.2%, supported by strong operational performance and overhead cost reductions.

Retail Portfolio Performance

Sales across the retail portfolio are up nearly 20%, and rental uplifts continue to rise, with occupancy nearly full at 97%.

Capital Recycling and Debt Management

Landsec sold nearly GBP 650 million of low-returning assets, with plans to reduce net debt to EBITDA to below 7x and LTV to below 35% over the next 2 years.

Positive Retail and Office Leasing

Retail leasing is trending 10% ahead of ERV, and office leasing is 9% ahead of ERV, driving strong income growth.

Land Securities Group plc REIT (GB:LAND) 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

Daily Earnings Calendar >

GB:LAND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 19, 2026	2026 (Q4)	0.25 / -	0.253	―	―	―
Nov 14, 2025	2026 (Q2)	0.26 / 0.26	0.249	3.61% (<+0.01)	―	―
May 16, 2025	2025 (Q4)	0.25 / 0.25	0.232	9.05% (+0.02)	―	―
Nov 15, 2024	2025 (Q2)	0.25 / 0.25	0.267	-6.74% (-0.02)	―	―
May 17, 2024	2024 (Q4)	0.23 / 0.23	0.263	-11.79% (-0.03)	―	―
Nov 14, 2023	2024 (Q2)	0.26 / 0.27	0.266	0.38% (<+0.01)	―	―
May 16, 2023	2023 (Q4)	0.23 / 0.26	0.229	14.85% (+0.03)	―	―
Nov 15, 2022	2023 (Q2)	0.25 / 0.27	0.243	9.47% (+0.02)	―	―
May 17, 2022	2022 (Q4)	0.21 / 0.23	0.184	24.46% (+0.05)	―	―
Nov 16, 2021	2022 (Q2)	0.16 / 0.24	0.155	56.77% (+0.09)	―	―

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

GB:LAND Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 14, 2025	647.00p	613.00p	-5.26%
May 16, 2025	591.74p	591.24p	-0.08%
Nov 15, 2024	550.96p	574.70p	+4.31%
May 17, 2024	633.79p	617.25p	-2.61%

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 Land Securities Group plc REIT (GB:LAND) report earnings?

Land Securities Group plc REIT (GB:LAND) is schdueled to report earning on May 19, 2026, TBA (Confirmed).

What is Land Securities Group plc REIT (GB:LAND) earnings time?

Land Securities Group plc REIT (GB:LAND) earnings time is at May 19, 2026, 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 the P/E ratio of Land Securities Group plc REIT stock?

The P/E ratio of Land Securities Group plc REIT is N/A.

What is GB:LAND EPS forecast?

GB:LAND EPS forecast for the fiscal quarter 2026 (Q4) is 0.25.

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