- Land Securities reported a revenue profit of GBP192 million, missing the estimate of GBP197.3 million.
- Net rental income reached GBP284 million.
- Pretax profit was GBP98 million, significantly below the expected GBP274.2 million.
- EPRA net tangible assets per share were 863p, falling short of the 887p estimate.
- Net asset value per share came in at 867p.
- The loan to value ratio was 40.3%, higher than the estimated 38.4%.
- A dividend of 19.0p per share was announced.
- Analyst recommendations include 10 buys, 8 holds, and 3 sells.
A look at Land Securities Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Land Securities Group PLC, a prominent property investment and management company, seems to have a promising long-term outlook based on the Smartkarma Smart Scores. With top ratings in Value, Dividend, and Growth, the company shows strength in its financial fundamentals and potential for growth. While its Resilience score is slightly lower, indicating some vulnerability, Land Securities Group still maintains a solid overall performance. The company’s Momentum score of 4 suggests a positive trend in its stock performance, reflecting investor interest and potential upward movement in the market.
Land Securities Group PLC focuses on investing in various real estate sectors across the United Kingdom, including offices, retail spaces, supermarkets, and industrial facilities. Additionally, the company holds a diversified portfolio that includes hotels, leisure properties, and residential real estate. With strong scores in key areas, Land Securities Group appears well-positioned to navigate market challenges and capitalize on growth opportunities in the property sector in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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