Londonmetric Property PLC with ticker (LON:LMP) now has a potential upside of 18.6% 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 193 GBX at opening today (14/03/2024) indicates a potential upside of 18.6%. Trading has ranged between 152 (52 week low) and 205 (52 week high) with an average of 4,416,982 shares exchanging hands daily. The market capitalisation at the time of writing is £3,941,094,029.
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 18.6% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
LondonMetric has set out proposed transaction terms for Picton, including implied accretion, dividend impacts, asset allocations and shareholder support.
LondonMetric Property has set the scrip calculation price for its fourth quarterly interim dividend and confirmed the election date for shareholders.
LondonMetric Property Plc has acquired a portfolio of nine mature, purpose-built Premier Inn hotels from Whitbread PLC for £89.0 million, reflecting a net initial yield of 5.3%.
LondonMetric Property Plc has completed the disposal of £64.4 million of retail assets at a net initial yield of 4.98% and acquired £26.2 million of warehousing assets at a net initial yield of 6.90%.
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.
