The earnings call presented a strong operational performance across key markets with robust income growth and a positive outlook for EPS growth. The strategic capital allocation and successful investments in retail destinations were emphasized. However, rising finance costs and increased net debt pose challenges. Overall, the highlights of operational success and strategic investments significantly outweigh the lowlights.

Company Guidance

In the recent call, Landsec provided guidance indicating a positive outlook for EPS growth, driven by strategic portfolio repositioning and operational efficiencies. Over the past year, like-for-like income growth rose by 5%, with retail and London sectors contributing significantly, showing uplifts of 8% in relettings and renewals. The company expects EPS to grow by 2% to 4% this year, with a projected 20% growth by 2030, despite a 10% EPS headwind from rising interest costs and a finance lease expiry. Landsec's occupancy increased by 100 basis points to 97.2%, and its portfolio value grew by 1.1%, driven by a 4.2% uplift in ERV. The company targets a net debt to EBITDA ratio of less than 8 times and continues to focus on sustainable income growth and capital allocation, with a loan-to-value ratio of around 38.4% post-disposals. As part of its strategy, Landsec plans to invest GBP1 billion in best-in-class retail and develop a GBP2 billion residential platform, capitalizing on strong structural demand.

Strong Operational Performance and Income Growth

Landsec reported high like-for-like income growth across London and retail, which make up 83% of its business, with overall like-for-like income growth up 5%.

Positive EPS Growth Outlook

The company expects a 20% growth in EPS over the next five years, even after absorbing a 10% EPS headwind from rising interest costs, supported by strong operational performance and strategic capital allocation.

Increased Occupancy Rates

Occupancy rates increased by 100 basis points to 97.2% overall, with London occupancy at 98% and retail at 97%.

Successful Capital Recycling and Investment

Landsec invested over GBP600 million into top retail destinations while selling around GBP655 million of assets in subscale sectors.

Dividend and NTA Growth

Dividend increased by 2% and NTA per share grew by 1.7%, with a positive overall return on equity of 6.4%.

Robust Balance Sheet

The company's net debt to EBITDA ratio is at 7.7 times with a long average debt maturity of 9.6 years.

Strong Leasing Activity

Landsec signed leases in retail and London averaging 8% and 7% ahead of ERV, respectively, with a strong pipeline of deals.

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)	- / -	0.421	―	―	―
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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