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Land Securities Group PLC (LAND.L)

LAND.L on London Stock Exchange

1,040.00GBp
22 Mar 2017
Change (% chg)

-10.00 (-0.95%)
Prev Close
1,050.00
Open
1,045.00
Day's High
1,048.00
Day's Low
1,037.00
Volume
2,695,131
Avg. Vol
2,210,964
52-wk High
1,211.00
52-wk Low
810.00

Latest Key Developments (Source: Significant Developments)

Land Securities announces indicative results of tender offers
Wednesday, 1 Feb 2017 03:26am EST 

Land Securities Group Plc : Announces indicative results of tender offers .Subject to satisfaction of new issue condition, expected tender offer settlement date is Feb. 8, 2017.  Full Article

Land Securities six-month adjusted NAV falls slightly
Tuesday, 15 Nov 2016 02:30am EST 

Land Securities Group Plc : Ungeared total property return(1) of 0.5% (ipd quarterly universe 0.2%) . Group ltv ratio(3) at 22.6%, based on adjusted net debt(3) of £3.3bn . Have seen early indications of revised policy priorities after brexit that may affect our market, including public spending, housing and infrastructure . Total business return(2)(3) of -0.5% . Ombined portfolio(3) valued at £14.4bn, with a valuation deficit(3) of 1.8% . H1 adjusted diluted net assets per share(1)(4) 1,408p versus 1,434p year earlier . Uncertain conditions following Brexit vote are having a tangible effect on commercial property market - ceo . Occupational demand for office space in london is hesitant and vacancy rate has continued to rise . Uncertainty after brexit has also affected real estate pricing. Our external valuer has marked down our assets by 1.8% since 31 march 2016 -CEO .Interim dividend up 9.8 percent to 17.9 penceper share.  Full Article

Interserve wins facilities management account with Land Securities
Monday, 17 Oct 2016 02:00am EDT 

Interserve Plc : Contract win . Interserve wins £37.5 million facilities management account with Land Securities .Will provide a range of services including security, cleaning, customer service support and waste management, across eight of Land Securities' flagship shopping centres.  Full Article

Land Securities says ADR programme terminated
Monday, 5 Sep 2016 05:49am EDT 

Land Securities Group Plc : American depositary receipt ("ADR") programme was terminated as of 1 September 2016 .Depositary will attempt to sell remaining ordinary shares held on deposit.  Full Article

Land Securities full-year NAV rises
Tuesday, 17 May 2016 02:00am EDT 

Land Securities Group Plc : FY basic NAV per share at 1,482p versus 1,343p year earlier . Adjusted diluted nav per share(3) 1,434p versus 1,293p last year . Profit before tax £1,335.6m versus £2,416.5m last year . Dividend 35.0p versus 31.85p last year . Ungeared total property return 11.5 pct (IPD quarterly universe 11.3 pct) . Aim to maintain our progressive dividend policy from this level . Though no asset is sacrosanct, we are not expecting to make any material disposals over coming year . Believe a vote to leave EU would lead to business uncertainty while negotiations take place on an exit treaty . Over short term, we anticipate uncertainty around EU vote would drive down occupational demand in our market . Final dividend 10.55 pence per share .Total dividend up 9.9 percent to 35 pence per share.  Full Article

Land Securities Group PLC declares third interim dividend
Thursday, 21 Jan 2016 02:00am EST 

Land Securities Group PLC:Says third interim dividend of 8.15 pence per share will be paid on 8 April 2016, entirely as a Property Income Distribution (PID), to shareholders on the register on 11 March 2016.  Full Article

Land Securities Group PLC recommends final quarterly dividend
Tuesday, 19 May 2015 02:00am EDT 

Land Securities Group PLC:Recommends final quarterly dividend of 8.15 pence per share to be paid on July 24 entirely as property income distribution (PID) to shareholders registered at close of business on June 19.  Full Article

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