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Londonmetric Property PLC (LMPL.L)

LMPL.L on London Stock Exchange

176.40GBp
23 Feb 2018
Change (% chg)

1.80 (+1.03%)
Prev Close
174.60
Open
173.60
Day's High
176.90
Day's Low
173.60
Volume
1,165,696
Avg. Vol
1,528,424
52-wk High
189.10
52-wk Low
149.10

Latest Key Developments (Source: Significant Developments)

Londonmetric Property Says ‍£12 Million Disposal Of B&Q Retail Store​
Wednesday, 10 Jan 2018 02:00am EST 

Jan 10 (Reuters) - Londonmetric Property Plc ::‍£12 MILLION DISPOSAL OF B&Q RETAIL STORE​.‍SOLD A B&Q WAREHOUSE IN HULL FOR £11.6 MILLION (LONDONMETRIC SHARE: £5.8 MILLION), REFLECTING A BLENDED NIY OF 6.0%​.  Full Article

Londonmetric Property posts HY EPRA NAV ‍155.7​ pence
Wednesday, 29 Nov 2017 02:00am EST 

Nov 29 (Reuters) - LONDONMETRIC PROPERTY PLC ::HY EPRA EARNINGS ‍28.8​ MILLION STG VERSUS 25.3 MILLION STG YEAR AGO.HY NET RENTAL INCOME ‍44.5​ MILLION STG VERSUS 39.7 MILLION STG YEAR AGO.HY EPRA NAV ‍155.7​ PENCE VERSUS 149.8 PENCE YEAR AGO.‍SECOND QUARTERLY INTERIM DIVIDEND DECLARED OF 1.85P​.  Full Article

Londonmetric Property says ‍acquisition of two logistics warehouses for 47.6 mln stg
Wednesday, 29 Nov 2017 02:00am EST 

Nov 29 (Reuters) - LONDONMETRIC PROPERTY PLC ::‍ACQUISITION OF TWO LOGISTICS WAREHOUSES FOR £47.6 MILLION​.  Full Article

Londonmetric Disposes Two Retail And Leisure Assets For 19 Mln Stg​
Monday, 27 Nov 2017 02:22am EST 

Nov 27 (Reuters) - Londonmetric Property Plc ::LONDONMETRIC - ‍HAS EXCHANGED ON SALE OF AN ODEON CINEMA AND A RETAIL ASSET IN GUISBOROUGH FOR £18.6 MILLION REFLECTING A BLENDED NET INITIAL YIELD OF 4.8%​.  Full Article

Londonmetric Property buys portfolio of 14 logistics warehouses
Thursday, 10 Aug 2017 02:50am EDT 

Aug 10 (Reuters) - LONDONMETRIC PROPERTY PLC ::ACQUIRES PORTFOLIO OF 14 LOGISTICS WAREHOUSES FOR 116.60 MILLION STG.PURCHASE PRICE REFLECTS A DAY ONE YIELD ON COST OF 6.1 PCT AND A REVERSIONARY YIELD OF 6.6 PCT .PORTFOLIO HAS A WAULT OF 5.6 YEARS AND IS LET AT A LOW AVERAGE RENT OF 5.50 PSF STG (ERV OF £6.00 PSF ).ACQUISITION INCREASES LONDONMETRIC'S DISTRIBUTION WEIGHTING TO 69% AND LTV TO 37% 1,2.  Full Article

Londonmetric Property says acquired Burlington retail park in south west London
Wednesday, 9 Aug 2017 02:00am EDT 

Aug 9 (Reuters) - Londonmetric Property Plc :ACQUIRED BURLINGTON RETAIL PARK IN SOUTH WEST LONDON FOR £28.3 MILLION FROM A LARGE UK INSTITUTION.INVESTMENT WILL NOW GENERATE A REVISED TOTAL INCOME OF £1.85 MILLION P.A WITH A WAULT OF 14.4 YEARS.  Full Article

Londonmetric's sale of retail park in Milford Haven
Friday, 4 Aug 2017 02:00am EDT 

Aug 4 (Reuters) - LONDONMETRIC PROPERTY PLC ::SALE OF RETAIL PARK IN MILFORD HAVEN FOR 15.3 ML STG.LONDONMETRIC WAS ADVISED BY SAVILLS AND PURCHASER WAS ADVISED BY CUSHMAN & WAKEFIELD.  Full Article

Londonmetric announces purchase of distribution warehouse developments
Monday, 17 Jul 2017 02:00am EDT 

July 17 (Reuters) - Londonmetric Property Plc ::Agreed to purchase, via a forward funding contract with Kier Property, two new distribution warehouses at Logistics City in frimley for 13.1 mln stg.Purchase reflecting an anticipated yield on cost of 5.3%.Construction will commence imminently with practical completion targeted for May 2018.Will benefit from a 5.75 pct funding coupon during construction.  Full Article

Londonmetric full-year earnings rise​
Wednesday, 31 May 2017 02:00am EDT 

May 31 (Reuters) - Londonmetric Property Plc ::FY EPRA earnings of 51 mln stg or 8.2 pence per share, up 5 pct​, versus 48.5 million pounds year ago.FY net rental income up 5 pct to 82​ million pounds.FY ‍portfolio valued at 1,534 mln stg, topped up NIY of 5.4 pct​.FY ‍total property return of 7.4 pct compared to IPD of 4.6 pct, 280 bps outperformance​.FY ‍occupancy of 99.6 pct, wault of 12.8 years and only 1 pct of income expiring within 3 years​.‍dividend increased 3 pct to 7.5p for year, 109 pct dividend cover in year​.‍Fourth quarterly interim dividend declared today of 2.1p with scrip alternative​.retailers closing marginal stores, investing in 'flagship' destinations, new supply chains to service online sales, consumer expectations​.‍"Logistics will soon represent more than 70 pct of our investments as our urban logistics portfolio grows further"​.‍"Department stores and apparel retailers feel most at risk, and whilst stronger destinations will inevitably fare better"​.  Full Article

Londonmetric Property acquires three urban logistics warehouses for 24 mln pounds
Wednesday, 31 May 2017 02:00am EDT 

May 31 (Reuters) - Londonmetric Property Plc :Three urban logistics warehouses acquired for 24 mln pounds.‍purchase price reflects a blended yield of 6.0% and a reversionary yield of 6.8%. Wault is 11.7 years​.‍londonmetric was advised by cogent real estate and ftd johns on crawley, by Levy on coventry and by jll on huyton​.‍lambert Smith Hampton and CBRE acted for vendors on coventry and huyton respectively​.  Full Article

BRIEF-Londonmetric Property Says ‍£12 Million Disposal Of B&Q Retail Store​

* ‍SOLD A B&Q WAREHOUSE IN HULL FOR £11.6 MILLION (LONDONMETRIC SHARE: £5.8 MILLION), REFLECTING A BLENDED NIY OF 6.0%​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)