Company summary
LondonMetric Property is a UK real-estate investment trust focused on logistics, convenience retail, entertainment, healthcare and other properties offering long leases and reliable rental income.
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LMP
LondonMetric Property
Real Estate Investment Trusts
- Index
- FTSE 100
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Ownership, acquisition, development and active management of distribution warehouses, convenience stores, leisure assets, healthcare property and other long-income real estate.
Key markets
The UK commercial property market, with tenants spanning logistics operators, retailers, leisure businesses, healthcare providers and other large corporate occupiers.
Key drivers
Rental growth, occupancy, lease length, asset management, property yields, interest rates, acquisition synergies, capital recycling and demand for logistics and convenience locations.
Key risks
Higher interest rates, falling property valuations, tenant failures, leverage, acquisition integration, property-market cyclicality and concentration in individual tenant sectors.
Recent Developments
21 May 2026: full-year net rental income rose 16.6% to £455.3m and EPRA earnings increased 13.9% to £305.3m, helped by the enlarged portfolio following the Urban Logistics REIT combination. The annual dividend rose 3.8% to 12.45p.
Dividend notes
Pays quarterly. FY2026 total dividend was 12.45p per share, the 11th consecutive annual increase. The third-quarter 3.05p dividend went ex-dividend on 12 March and was paid on 17 April; the 3.30p fourth-quarter dividend went ex-dividend on 4 June and was paid on 9 July.
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