Land Securities Group plc REIT (LAND) AI Stock Analysis

• Market Cap: £4.78B
• Dividend Yield: 6.34%
• Average Volume (3M): 4.28M
• Price to Earnings (P/E): 19.2
• Beta (1Y): 1.09
• Revenue Growth: 10.69%
• EPS Growth: 135.58%
• Country: UK
• Employees: 598
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.26
• Shares Outstanding: 745,016,240
• 10 Day Avg. Volume: 3,924,613
• 30 Day Avg. Volume: 4,276,238
• PEG Ratio: -0.05
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 4.94
• P/FCF Ratio: 44.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £663.73
• Price Target Upside: 5.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: 688.00p ▲(9.55% Upside)

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.

Positive Factors

Revenue Growth

Consistent revenue growth, especially in like-for-like income, indicates strong demand and effective property management, supporting long-term business stability.

Occupancy Rates

High occupancy rates reflect strong tenant demand and effective leasing strategies, enhancing revenue stability and market position.

Debt Management Strategy

Proactive debt management and capital recycling improve financial flexibility, reducing risk and supporting future growth investments.

Negative Factors

Increased Debt Levels

Higher debt levels from investments in non-income-producing assets can strain cash flow, posing risks to financial stability if not managed carefully.

Decline in NTA per Share

A decline in NTA per share could indicate a reduction in asset value, potentially impacting shareholder equity and long-term valuation.

Impact of Asset Sales on EPS

Asset sales impacting EPS can reduce profitability, affecting investor returns and potentially limiting reinvestment opportunities.

Land Securities Group plc REIT Business Overview & Revenue Model

Company Description

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £11 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.

How the Company Makes Money

Land Securities generates revenue primarily through rental income from its diverse portfolio of commercial properties. The company leases its properties to a wide range of tenants, including retail chains, corporations, and government entities, ensuring a steady stream of income. Additionally, Land Securities engages in property development, which involves constructing new buildings or renovating existing properties to increase their value and leasing potential. The company also benefits from property sales by divesting non-core assets or completed development projects. Strategic partnerships with local authorities and businesses further enhance its ability to create value and drive occupancy rates, contributing to overall earnings.

Land Securities Group plc REIT Financial Statement Overview

Summary

Land Securities Group plc exhibits a strong financial position with consistent revenue growth and improved profitability margins. The balance sheet demonstrates stability with a healthy equity base, although increased debt levels warrant caution. Cash flows remain robust, providing a solid foundation for operational liquidity. Despite some fluctuations in profitability and operational efficiency, the company's financial health is generally sound, positioning it well for future growth opportunities.

Income Statement

Land Securities Group plc has demonstrated consistent revenue growth, with a notable increase in Total Revenue from 2022 to 2025. The Gross Profit Margin and Net Profit Margin have improved significantly, indicating enhanced profitability. However, the fluctuations in EBIT and EBITDA margins suggest some instability in operational efficiency, with negative figures in 2024 impacting overall performance.

Balance Sheet

The company's Debt-to-Equity ratio shows a manageable level of leverage, supported by strong equity levels. The Return on Equity has improved, reflecting better profitability. The Equity Ratio remains healthy, indicating financial stability. However, the increase in total debt from 2024 to 2025 could pose potential risks if not managed effectively.

Cash Flow

Operating Cash Flow has been positive and relatively stable, with a consistent ability to generate Free Cash Flow despite fluctuations in capital expenditures. The Free Cash Flow to Net Income ratio indicates efficiency in converting income to cash flow, although the overall growth rate of Free Cash Flow has been mixed, showing a decline in 2025 compared to 2024.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	890.00M	832.00M	824.00M	791.00M	679.00M	635.00M
Gross Profit	279.00M	510.00M	500.00M	412.00M	372.00M	416.00M
EBITDA	437.00M	511.00M	-233.00M	-527.00M	388.00M	-1.31B
Net Income	249.00M	396.00M	-319.00M	-619.00M	869.00M	-1.39B
Balance Sheet
Total Assets	11.58B	11.62B	10.66B	10.97B	12.89B	10.99B
Cash, Cash Equivalents and Short-Term Investments	110.00M	39.00M	78.00M	41.00M	146.00M	5.00M
Total Debt	4.65B	4.55B	3.78B	3.54B	4.55B	3.52B
Total Liabilities	5.15B	5.09B	4.22B	3.89B	4.90B	3.78B
Stockholders Equity	6.43B	6.51B	6.40B	7.00B	7.92B	7.21B
Cash Flow
Free Cash Flow	182.00M	93.00M	212.00M	240.00M	339.00M	15.00M
Operating Cash Flow	182.00M	256.00M	338.00M	342.00M	381.00M	233.00M
Investing Cash Flow	-363.00M	-383.00M	-272.00M	834.00M	-607.00M	334.00M
Financing Cash Flow	234.00M	88.00M	-29.00M	-1.28B	362.00M	-1.91B

Land Securities Group plc REIT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 628.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LAND, the sentiment is Positive. The current price of 628 is above the 20-day moving average (MA) of 614.75, above the 50-day MA of 606.18, and above the 200-day MA of 576.52, indicating a bullish trend. The MACD of 9.81 indicates Negative momentum. The RSI at 57.68 is Neutral, neither overbought nor oversold. The STOCH value of 59.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:LAND.

Land Securities Group plc REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LMP	80 Outperform	£4.62B	13.23	7.22%	6.67%	43.70%	40.28%
BLND	75 Outperform	£4.13B	11.75	6.14%	5.85%	-20.83%	―
LAND	73 Outperform	£4.78B	19.22	3.85%	6.34%	10.69%	135.58%
CREI	72 Outperform	£391.29M	7.51	11.71%	7.17%	1.60%	211.81%
SREI	66 Neutral	£274.88M	―	―	6.64%	―	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PCTN	60 Neutral	£396.94M	10.18	7.51%	5.15%	-3.98%	412.08%

Land Securities Group plc REIT Corporate Events

Land Securities Executives Increase Holdings Through Share Incentive Plan

Land Securities Group plc has disclosed routine share transactions by its senior management under the company’s Share Incentive Plan. Chief executive Mark Allan and chief financial officer Vanessa Simms each purchased 24 partnership shares at £6.185 per share on 5 January 2026 via the London Stock Exchange and separately received 24 matching shares each at nil cost, increasing their total holdings to 678,138 and 319,886 ordinary shares respectively. The announcement underlines ongoing executive participation in the company’s equity-based remuneration schemes, aligning leadership interests with those of shareholders.

The most recent analyst rating on (GB:LAND) stock is a Buy with a £710.00 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Landsec Updates Share Capital and Voting Rights Totals

Land Securities Group plc has confirmed that, as of 31 December 2025, its issued ordinary share capital comprised 751,805,484 shares, of which 6,789,236 are held in treasury without voting or dividend rights, leaving 745,016,248 shares carrying voting rights. This updated voting rights figure provides the key reference point for shareholders and investors when assessing whether they must disclose holdings or changes in their ownership stakes under the UK’s Disclosure Guidance and Transparency Rules, reinforcing transparency around the company’s ownership structure.

The most recent analyst rating on (GB:LAND) stock is a Buy with a £7.80 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Land Securities Non-Executive Director Anne Richards Buys Shares Worth Nearly £100,000

Land Securities Group plc has disclosed a share transaction by non-executive director Anne Richards, in line with regulatory requirements for reporting dealings by persons discharging managerial responsibilities. Richards purchased 16,497 ordinary shares in the company on 18 December 2025 on the London Stock Exchange at a price of £6.0305 per share, for a total consideration of £99,485.15, signalling a notable personal investment and aligning her interests more closely with those of shareholders.

The most recent analyst rating on (GB:LAND) stock is a Buy with a £7.80 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Land Securities Group PLC Announces Executive Share Transactions

Land Securities Group PLC announced recent transactions involving its Chief Executive Officer, Mark Allan, and Chief Financial Officer, Vanessa Simms, as part of the company’s Share Incentive Plan. The transactions included the monthly purchase and award of shares, reflecting ongoing participation in the company’s incentive schemes. These transactions, conducted on the London Stock Exchange, underscore the company’s commitment to aligning managerial interests with shareholder value.

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.

Land Securities Updates Share Capital and Voting Rights

Land Securities Group PLC has announced its updated share capital and voting rights as of November 28, 2025. The company reported an issued ordinary share capital of 751,789,139 shares, with 6,789,236 shares held in treasury, which do not carry voting rights or dividend entitlements. Consequently, the total number of voting rights stands at 744,999,903. This information is crucial for shareholders to determine their notification requirements under the Disclosure Guidance and Transparency Rules.

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.

Land Securities Group PLC Announces Director Share Purchase

Land Securities Group PLC announced a transaction involving Baroness Louise Casey, a Non-Executive Director, who purchased 500 ordinary shares at a price of £6.151 each, totaling £3075.50. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing commitment to transparency in managerial dealings, potentially reinforcing stakeholder confidence in its governance practices.

The most recent analyst rating on (GB:LAND) stock is a Buy with a £715.00 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Landsec Corrects Interim Dividend Record Date

Land Securities Group PLC has announced a correction to the Record Date for its interim dividend for the year ending 31 March 2026. The correct Record Date is 28 November 2025, with the dividend comprising a Property Income Distribution and an ordinary dividend. This update ensures stakeholders have accurate information regarding dividend distribution.

The most recent analyst rating on (GB:LAND) stock is a Buy with a £725.00 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Landsec Boosts EPS Outlook Amid Strong Income Growth

Land Securities Group PLC reported strong income growth for the half-year ending 30 September 2025, leading to an increase in their EPS outlook. The company has seen positive momentum across its business segments, driven by a strategic repositioning of its portfolio and a focus on sustainable EPS growth. Financial highlights include a 3.2% increase in EPRA EPS, a 5.2% growth in like-for-like net rental income, and a reduction in overhead costs. The company has also raised its guidance for FY26 and FY30, reflecting confidence in continued income growth and operational efficiency. Landsec’s proactive capital recycling and investment strategy aim to enhance returns and strengthen its capital base, with a focus on retail investments and a reduced commitment to new developments in the near term.

The most recent analyst rating on (GB:LAND) stock is a Buy with a £725.00 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Land Securities Group PLC Announces Executive Share Transactions

Land Securities Group PLC has announced a notification of transactions by its Chief Executive Officer, Mark Allan, and Chief Financial Officer, Vanessa Simms, under the company’s Share Incentive Plan. The transactions involved the purchase and award of ordinary shares, reflecting the company’s ongoing commitment to aligning managerial interests with shareholder value. This move is likely to reinforce investor confidence and demonstrate the leadership’s dedication to the company’s growth and stability.

The most recent analyst rating on (GB:LAND) stock is a Sell with a £475.00 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.

Land Securities Updates Voting Rights and Capital Structure

Land Securities Group PLC has announced its updated voting rights and capital structure as of October 31, 2025, with an issued ordinary share capital of 751,780,110 shares. After accounting for shares held in Treasury, the total number of voting rights stands at 744,990,874. This information is crucial for shareholders to calculate their interests under the Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:LAND) stock is a Sell with a £475.00 price target. To see the full list of analyst forecasts on Land Securities Group plc REIT stock, see the GB:LAND Stock Forecast page.