- LondonMetric declared a dividend per share of 6.1p, matching the estimated figure of 6.1p.
- The company reported a profit of GBP 130.3 million.
- Net rental income for the period was GBP 221.2 million.
- The EPRA net tangible assets per share were 199.5p, slightly below the estimated 202.4p.
- The company currently has 12 buy recommendations, 3 hold recommendations, and 0 sell recommendations from analysts.
A look at Londonmetric Property Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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
LondonMetric Property PLC, a UK Real Estate Investment Trust (REIT) specializing in retail and distribution properties, as well as Greater London real estate, shows a promising long-term outlook. According to Smartkarma Smart Scores, the company has achieved high ratings across key factors. With a strong emphasis on value, LondonMetric scores a 4 in this category, indicating favorable investment potential. Additionally, the company excels in dividend and growth prospects, scoring a 5 in both areas. This signifies that LondonMetric offers attractive income opportunities and has solid growth potential in the real estate market. Furthermore, the company demonstrates strong momentum with a score of 5, indicating positive performance trends in the foreseeable future. Although resilience scores slightly lower at 3, LondonMetric’s overall outlook appears optimistic based on these Smart Scores.
Established on 28 January 2013 through the merger of London & Stamford Property Plc (LSP) and Metric Property Investments plc (METP), LondonMetric Property PLC has positioned itself as a significant player in the UK real estate sector. Specializing in a diversified portfolio across the UK, LondonMetric strategically invests in retail and distribution properties, along with seizing real estate opportunities in Greater London. With a solid foundation and a strong track record, LondonMetric’s high Smart Scores, particularly in dividend, growth, and momentum, underscore its potential for long-term success and growth in the dynamic real estate market.
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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