LondonMetric Property (LMP) AI Stock Analysis

• Market Cap: £4.62B
• Dividend Yield: 6.67%
• Average Volume (3M): 6.31M
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.83
• Revenue Growth: 43.70%
• EPS Growth: 40.28%
• Country: UK
• Employees: 47
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.07
• Shares Outstanding: 2,344,406,300
• 10 Day Avg. Volume: 5,980,678
• 30 Day Avg. Volume: 6,310,205
• PEG Ratio: 0.20
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 9.43
• P/FCF Ratio: 13.17
• 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: £233.17
• Price Target Upside: 18.96% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: 214.00p ▲(9.18% Upside)

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.

Positive Factors

Revenue Growth

The 15% increase in net rental income highlights strong demand and effective asset management, supporting long-term revenue growth and stability.

Portfolio Value Growth

A 22% increase in portfolio value indicates successful asset appreciation and strategic acquisitions, enhancing long-term asset base and market position.

Cost Efficiency

The reduced EPRA cost ratio demonstrates effective cost management, improving profitability and competitive advantage in the real estate sector.

Negative Factors

Increased Finance Costs

Rising finance costs due to increased debt can strain cash flows and limit financial flexibility, posing a risk to future profitability and investment capacity.

Debt Maturity Concerns

Shorter debt maturity increases refinancing risk, potentially impacting liquidity and financial stability if not managed effectively.

Challenges with Urban Logistics Acquisition

Challenges with recent acquisitions may hinder asset performance and integration, affecting overall portfolio returns and strategic growth objectives.

LondonMetric Property Business Overview & Revenue Model

Company Description

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

How the Company Makes Money

LondonMetric Property generates revenue primarily through rental income from its portfolio of properties. The company leases its properties to a diverse range of tenants, including major retailers and logistics firms, under long-term leases, which provide a stable income stream. Additionally, LMP engages in property development and asset management, creating value through strategic acquisitions and enhancements to its existing properties. The firm may also benefit from capital appreciation of its real estate assets over time. Strategic partnerships with other real estate firms and stakeholders can enhance its market presence and investment opportunities, further contributing to its revenue generation.

LondonMetric Property Financial Statement Overview

Summary

LondonMetric Property shows strong financial performance with significant revenue and profit growth, efficient cost management, and a solid balance sheet. However, past profit volatility and rising debt levels pose potential risks. Cash flow generation is robust, providing a solid foundation for future investments.

Income Statement

The company has demonstrated strong revenue growth with a substantial increase of 122.8% from the previous year. The gross profit margin is exceptionally high at 98.8%, indicating efficient cost management. Net profit margin stands at 87.7%, showcasing significant profitability. However, the previous years showed volatility, with a major loss in 2023, which should be monitored for future stability.

Balance Sheet

The balance sheet is strong, with a debt-to-equity ratio of 0.51, indicating moderate leverage. The equity ratio is 61.9%, showing a solid equity base, which is a positive sign for financial stability. Return on equity is a robust 8.5%, reflecting effective use of equity to generate profit. The financial health appears stable, though the increase in total debt over the years requires attention.

Cash Flow

Cash flow analysis reveals healthy free cash flow growth, with a 142.1% increase from the previous year. The operating cash flow to net income ratio is 0.91, suggesting strong cash generation relative to reported profits. The free cash flow to net income ratio is 0.82, underlining good cash conversion efficiency. However, fluctuations in financing cash flows and capital expenditures need careful management.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	430.50M	396.70M	178.00M	133.20M	136.40M	122.20M
Gross Profit	202.10M	391.80M	176.30M	131.20M	134.90M	119.90M
EBITDA	386.75M	468.30M	161.70M	116.20M	119.10M	110.20M
Net Income	314.40M	347.90M	118.70M	734.50M	-506.30M	257.30M
Balance Sheet
Total Assets	7.97B	6.61B	6.48B	3.66B	3.08B	2.63B
Cash, Cash Equivalents and Short-Term Investments	147.30M	41.80M	111.90M	51.30M	32.60M	51.40M
Total Debt	2.84B	2.10B	2.12B	1.03B	1.02B	842.70M
Total Liabilities	3.25B	2.48B	2.51B	1.09B	1.08B	888.70M
Stockholders Equity	4.69B	4.09B	3.94B	2.56B	1.97B	1.73B
Cash Flow
Free Cash Flow	297.50M	284.00M	117.30M	54.20M	84.90M	60.50M
Operating Cash Flow	300.00M	316.90M	123.10M	105.20M	101.80M	86.10M
Investing Cash Flow	-56.10M	-7.90M	195.70M	-377.10M	500.00K	-53.00M
Financing Cash Flow	-123.20M	-339.70M	-249.90M	271.80M	-121.00M	-63.50M

LondonMetric Property Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 196.00
• 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:LMP, the sentiment is Positive. The current price of 196 is above the 20-day moving average (MA) of 189.00, above the 50-day MA of 187.90, and above the 200-day MA of 185.25, indicating a bullish trend. The MACD of 2.72 indicates Negative momentum. The RSI at 67.03 is Neutral, neither overbought nor oversold. The STOCH value of 79.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:LMP.

LondonMetric Property 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%
AEWU	71 Outperform	£170.73M	13.38	7.37%	7.43%	-10.95%	-30.09%
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%

LondonMetric Property Corporate Events

LondonMetric Sets Date for Full-Year 2026 Results and Analyst Presentation

LondonMetric Property has announced that it will publish its full-year results for the financial year ending 31 March 2026 on 21 May 2026, accompanied by an in-person analyst presentation in London at 8:30 a.m. The company will also provide a live webcast and on-demand replay of the results presentation via its investor relations website and a dedicated media link, underscoring its effort to maintain transparency and broad access for analysts and investors ahead of the key earnings update.

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.

LondonMetric to Issue New Shares Under Scrip Dividend Scheme

LondonMetric Property has confirmed that, in connection with its previously declared second quarterly interim dividend of 3.05 pence per ordinary share payable on 8 January 2026, it will issue 975,864 new ordinary shares under its scrip dividend scheme. The company is seeking admission of these shares to the Official List and to trading on the London Stock Exchange on 8 January 2026, after which its issued share capital will total 2,344,406,347 ordinary shares with one voting right each and no treasury shares, a new denominator for investors’ disclosure calculations under UK transparency rules.

The most recent analyst rating on (GB:LMP) stock is a Buy with a £220.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.

LondonMetric Rotates £91m From Mature Retail into Higher-Yield Logistics Assets

LondonMetric Property has executed £91 million of investment activity, selling £64.4 million of mature retail assets and redeploying part of the proceeds into £26.2 million of higher-yielding warehouse assets. The disposals, which were in line with book value, include the sale of the Cantium retail park in South East London and a new M&S store in Weymouth, crystallising gains after completing asset management plans and lifting Cantium’s rent significantly. The company has now sold over £280 million of assets so far this financial year and is reallocating capital into two Booker-let logistics warehouses at materially higher net initial yields, consistent with its strategy of rotating out of stabilised retail into long-income logistics and triple net lease assets to enhance returns.

The most recent analyst rating on (GB:LMP) stock is a Buy with a £220.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.

LondonMetric Property Issues £500 Million in Notes Under Euro Medium-Term Programme

LondonMetric Property PLC has announced the publication of pricing supplements for the issuance of £500 million in notes under its £3 billion euro medium-term note programme. This issuance includes £250 million 4.50% notes due in 2029 and £250 million 4.875% notes due in 2032, reflecting the company’s strategy to secure long-term financing and strengthen its financial position.

The most recent analyst rating on (GB:LMP) stock is a Buy with a £220.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.

LondonMetric Property Launches Successful £500m Green Bond

LondonMetric Property Plc has successfully priced a £500 million debut sterling-denominated senior unsecured green bond issuance under its £3 billion Euro Medium Term Note Programme. The issuance, which was 3.2 times oversubscribed, reflects strong institutional demand and diversifies the company’s funding sources with attractive coupons, enhancing its financial positioning and extending debt maturity.

The most recent analyst rating on (GB:LMP) stock is a Buy with a £215.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.

LondonMetric Reports Strong Half-Year Results with Strategic Acquisitions Boosting Income

LondonMetric Property Plc reported a 14.6% increase in net rental income to £221.2 million for the half-year ending September 2025, driven by its acquisition of Urban Logistics REIT assets. Despite a decrease in IFRS reported profit to £130.3 million, the company achieved a 9.7% rise in EPRA earnings to £148.6 million, reflecting its strategic focus on high-performing sectors and efficient operations. The company’s portfolio value increased to £7.4 billion, with a significant emphasis on logistics, which now represents 54% of its holdings. LondonMetric’s proactive asset management and strategic acquisitions have enhanced its portfolio quality, leading to a 7% dividend increase and positioning it for continued growth despite macroeconomic uncertainties.

The most recent analyst rating on (GB:LMP) stock is a Buy with a £269.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.

LondonMetric Property Announces £73 Million in Strategic Transactions

LondonMetric Property Plc has announced a significant transaction involving £73 million in acquisitions and disposals. The company acquired a £51 million portfolio, including a logistics warehouse at East Midlands airport and a hotel at Manchester airport, both on long leases with substantial rental growth potential. Additionally, LondonMetric sold five former Urban Logistics REIT assets for £22 million, achieving a 5% premium over the acquisition price. These strategic moves reflect LondonMetric’s focus on reinvesting proceeds into high-quality, mission-critical assets with strong reversionary potential, enhancing its position in the real estate market.

The most recent analyst rating on (GB:LMP) stock is a Buy with a £269.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.