Londonmetric Property PLC with ticker (LON:LMP) now has a potential upside of 16.2% according to Berenberg Bank.
Berenberg Bank set a target price of 229 GBX for the company, which when compared to the Londonmetric Property PLC share price of 197 GBX at opening today (22/03/2024) indicates a potential upside of 16.2%. Trading has ranged between 152 (52 week low) and 205 (52 week high) with an average of 5,308,455 shares exchanging hands daily. The market capitalisation at the time of writing is £4,073,038,000.
LondonMetric Property Plc is a United Kingdom-based real estate investment trust (REIT). The principal activity of the Company is to invest in commercial property, namely distribution and grocery-led long income. It owns and manages predominantly United Kingdom property specializing in logistics, healthcare, convenience, and leisure sectors. Its objective is to own and manage desirable real estate that can deliver reliable, repetitive and growing income-led total returns and outperform over the long term. Its assets consists of Ramsay Rivers Hospital, Sawbridgeworth; Alton Towers Park, Alton; Bedford Link, Bedford; Primark, Islip; Eddie Stobart, Dagenham, and Thorpe Park Egham, among others.
Londonmetric Property PLC 16.2% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
LondonMetric has announced half year results showing net rental income up 14.6 percent to £221.2 million, supported by the Urban Logistics REIT acquisition.
LondonMetric expects net rental income to rise 14% to £219m, supported by high occupancy, rent reviews and asset management initiatives.
LondonMetric has completed £78.5 million of triple net lease acquisitions across five transactions, adding £4.6 million of annual rent with a WAULT of 23 years. The portfolio includes five Premier Inn hotels, two logistics warehouses, and two convenience assets, with an initial yield of 5.5% expected to rise to 6.3% over five years.
LondonMetric has declared a 7% increase in its first quarterly interim dividend for FY 2025/26 to 3.05 pence per share, payable as a Property Income Distribution. The dividend will be paid on 8 October 2025, with an ex-dividend date of 28 August 2025 and a scrip alternative available.
LondonMetric Property plc reports that following the completion of its Highcroft and Urban Logistics acquisitions, its portfolio value has increased to £7.3 bn as at 30 June 2025, with net contracted rent rising to c£410 m pa.
LondonMetric Property Plc (LON:LMP) reports impressive full-year results for FY 2025, showcasing record net rental income and earnings, driven by strategic growth in logistics.
