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LondonMetric Property (GB:LMP)
LSE:LMP
UK Market
LMP
LondonMetric Property
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LondonMetric Property (LMP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 19, 2026
TBA (Confirmed)
Period Ending
2027 (Q2)
Consensus EPS Forecast
0.07
Last Year’s EPS
0.07
Same Quarter Last Year
Analyst Consensus
Moderate Buy
Based on 6 Analysts Ratings

Earnings Call Summary

Q4 2026
Earnings Call Date:May 21, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial performance: strong portfolio growth (including material acquisitions), robust net rental income and EPRA earnings growth, disciplined asset management with significant rent uplifts, exceptional rent collection and a progressive dividend backed by good coverage. The group also strengthened its funding profile and hedging. Key negatives were higher net finance costs and gross debt from acquisition activity, one‑off exceptional charges that reduced reported returns, increased leverage metrics (net debt/EBITDA up to 7.5x), and a challenging macro/interest‑rate environment that creates valuation and execution risk. Management expects disposals and active asset management to mitigate gearing and vacancy over time.
Company Guidance
Guidance from the call emphasised continued dividend growth, resilient income and stable near‑term finance costs: the board announced a Q1 FY27 dividend of 3.15p (up 3.3%) and a full‑year dividend of 12.45p (up 3.8%) with 108% cover and full cash cover, and reiterated intent to keep growing dividends; contracted rent roll stood at £432.1m (including £75.1m from Urban Logistics/Highcroft and £16.6m from asset management) and management expects to add £38.3m of short‑term reversion by 2028 plus c.£11m from letting vacant assets to push the rent roll to in excess of £480m, supporting forecast rental growth of c.4.3% p.a. (urban logistics just over 5% p.a.); near‑term operating metrics remain strong with net rental income £455.3m (up 16.6%), EPRA earnings £305.3m (up ~14%) / EPRA EPS 13.45p, EPRA NTA 200.6p, like‑for‑like income +4.2% (added £16.6m), rent collection 99.7%, gross‑to‑net leakage 1.4%, vacancy ~1.2m sqft, average uplift on reviews/renewals 19% (open market +33%; urban logistics open market +38%), and total property/ accounting returns ~7.1%/6.9% (7.7% excl. one‑offs); balance sheet guidance: portfolio value £7.6bn, LTV 36.7%, net debt/EBITDA 7.5x (target <8.5x and expected to reduce with disposals), interest cover 3.8x, drawn debt 99.8% hedged, average cost of debt ~4%, debt maturity 4.4 years (5.2 incl. options), only £200m maturing in next 2 years, undrawn facilities £500m and cash £143m, so finance costs are not expected to increase materially over the next two years.
Portfolio Growth and Strategic Acquisitions
Portfolio grew c.23% over the year; added £1.5bn to portfolio value (c.£1.2bn from the Urban Logistics and Highcroft acquisitions). Total portfolio value now c.£7.6bn.
Net Rental Income Increase
Net rental income reached £455.3m, up c.16.6% year‑on‑year (management also referenced a 17% uplift), driven by acquisitions and active asset management.
EPRA Earnings and EPS Growth
EPRA earnings rose to £305.3m (up c.13.9–14%). Earnings per share were 13.45p, up c.2.4% year‑on‑year.
Dividend Progression and Coverage
Full‑year dividend increased 3.8% to 12.45p (11th consecutive year of progression). Announced Q1 FY27 dividend 3.15p, up c.3.3%. Dividend cover strong at c.108% with full cash cover.
Strong Rent Review Uplifts and Like‑for‑Like Income Growth
Average uplift on rent reviews/renewals 19%; open‑market rent reviews +33%; urban logistics open‑market reviews +38%. Like‑for‑like income growth c.4.2%, adding approximately £16.6m of income.
Exceptional Rent Collection and Low Income Leakage
Rent collection remained very high at 99.7% and gross‑to‑net income leakage remained low at c.1.4% (gross‑to‑net ratio c.98.6%).
Balance Sheet Strengthening, Refinancing and Hedging
Refinancing activity (management cited £2.7bn refinanced / £1.2bn new facilities raised) delivered an average cost of debt of c.4%. Drawn debt was 99.8% hedged at year‑end; LTV 36.7%; interest cover 3.8x; average debt maturity c.4.4 years; £500m undrawn facilities provide headroom.
Active Disposal Programme and Liquidity Execution
Disposed 57 assets totalling £318m (plus a further c.£49m post‑period); selling pace described as one building every 4.5 working days. Sold c.£467m of non‑core assets inherited through M&A.
Solid NAV and Total Return Metrics
EPRA NTA 200.6p (EPRA NTA up c.15.4% year‑on‑year); total accounting return c.6.9% (7.7% excluding one‑offs). Long‑term (12‑year) total property return CAGR ~10%.

LondonMetric Property (GB:LMP) 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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GB:LMP Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 19, 2026
2027 (Q2)
0.07 / -
0.067―――
May 21, 2026
2026 (Q4)
0.07 / 0.07
0.09-18.89% (-0.02)――
Nov 20, 2025
2026 (Q2)
0.07 / 0.07
0.0661.52% (<+0.01)――
May 20, 2025
2025 (Q4)
- / 0.09
0.026246.15% (+0.06)――
Nov 26, 2024
2025 (Q2)
0.07 / 0.07
0.05226.92% (+0.01)――
Jun 04, 2024
2024 (Q4)
- / 0.03
0.052-50.00% (-0.03)――
Nov 23, 2023
2024 (Q2)
0.05 / 0.05
0.0511.96% (<+0.01)――
May 24, 2023
2023 (Q4)
- / 0.05
0.508-89.76% (-0.46)――
Nov 23, 2022
2023 (Q2)
0.05 / 0.05
0.0486.25% (<+0.01)――
May 26, 2022
2022 (Q4)
- / 0.51
0.19167.37% (+0.32)――
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:LMP Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 21, 2026
187.20 p188.40 p+0.64%
Nov 20, 2025
182.91 p180.68 p-1.22%
May 20, 2025
181.88 p184.41 p+1.39%
Nov 26, 2024
173.05 p172.59 p-0.26%
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 LondonMetric Property (GB:LMP) report earnings?
LondonMetric Property (GB:LMP) is schdueled to report earning on Nov 19, 2026, TBA (Confirmed).
    What is LondonMetric Property (GB:LMP) earnings time?
    LondonMetric Property (GB:LMP) earnings time is at Nov 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 LondonMetric Property stock?
          The P/E ratio of LondonMetric Property is N/A.
            What is GB:LMP EPS forecast?
            GB:LMP EPS forecast for the fiscal quarter 2027 (Q2) is 0.07.