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Pin to quick picksLondonMetric Share News (LMP)

Share Price Information for LondonMetric (LMP)

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Share Price: 193.40
Bid: 192.60
Ask: 192.70
Change: 1.20 (0.62%)
Spread: 0.10 (0.052%)
Open: 193.20
High: 194.10
Low: 191.90
Prev. Close: 192.20
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LondonMetric disposes of two UK retail parks for £55m

Mon, 03rd Oct 2016 07:38

(ShareCast News) - LondonMetric has sold Pierpoint Retail Park in Kings Lynn for £24m and Damolly Retail Park in Newry, Northern Ireland, for £30.7m.The Tritax Property Income Fund has purchased the 74,000 sq. ft. Kings Lynn retail park, reflecting a net initial yield of 5.77%, which is in line with the March 2016 valuation. The property was bought in 2011 for £15.1m and has undergone complete refurbishment with six new lettings to Next, B&M, DFS, Tapi, Poundland and Greggs. Since purchase, the rental income has increased by 47% .A local investor purchased the 165,000 sq. ft. Damolly Retail Park, reflecting a net initial yield of 7.4%, which is 3% below March 2016 book value. LondonMetric bought the retail park in 2010 and has undertaken numerous asset management initiatives with new lettings to Lidl, Pets at Home, Home Bargains and Costa. Chief executive Andrew Jones said: "These sales represent the opportunity to monetise two of our larger retail park investments following an intense period of asset management activity."The investments have delivered positive returns over their period of ownership but it is now opportune to reinvest the monies into investment and development opportunities within our favoured logistics sectors where rental growth prospects look more attractive."
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17 Jun 2022 13:03

IN BRIEF: LondonMetric Director Alistair Elliot buys 50,000 shares

LondonMetric Property PLC - London-based property investor - Non-Executive Director Alistair Elliot buys 50,000 shares at GBP2.36 each, worth GBP118,000, in London on Thursday.

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13 Jun 2022 09:33

LONDON BROKER RATINGS: Upgrades for Rolls-Royce and Euromoney

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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13 Jun 2022 08:18

LONDON BRIEFING: Pound hit as weak UK economy puts rate hikes in doubt

(Alliance News) - The UK economy unexpectedly contracted again in April, leaving the Bank of England in a tough spot when it meets later this week.

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6 Jun 2022 15:58

UK dividends calendar - next 7 days

Tuesday 7 June  
Carr's Group PLCdividend payment date
Hibernia REIT PLCdividend payment date
Highcroft Investments PLCdividend payment date
Hochschild Mining PLCdividend payment date
International Public Partnerships Ltddividend payment date
Relx PLCdividend payment date
Secure Income REIT PLCdividend payment date
Serco Group PLCdividend payment date
Wednesday 8 June  
Greggs PLCdividend payment date
Wickes Group PLCdividend payment date
Thursday 9 June 
AJ Bell PLCex-dividend date
Alliance Pharma PLCex-dividend date
Anglo-Eastern Plantations PLCex-dividend date
Associated British Foods plcex-dividend date
Assura PLCex-dividend date
Aurora Investment Trust PLCex-dividend date
BMO Real Estate Investments Ltdex-dividend date
Capital & Counties Properties Plcex-dividend date
Capital Gearing Trust PLCex-dividend date
Compass Group PLCex-dividend date
Computacenter PLCex-dividend date
Devro PLCex-dividend date
Dr Martens PLCex-dividend date
Ferrexpo PLCex-dividend date
Hollywood Bowl Group PLCex-dividend date
IntegraFin Holdings PLCex-dividend date
J Sainsbury PLCex-dividend date
Johnson Matthey PLCex-dividend date
LondonMetric Property PLCex-dividend date
Marshalls PLCex-dividend date
Reckitt Benckiser Group PLCdividend payment date
Renew Holdings PLCex-dividend date
Shaftesbury PLCex-dividend date
Smiths News PLCex-dividend date
Topps Tiles PLCex-dividend date
Triple Point Social Housing REIT PLCex-dividend date
Watkin Jones PLCex-dividend date
Worldwide Healthcare Trust PLCex-dividend date
WPP PLCex-dividend date
Young & Co.'s Brewery PLCex-dividend date
Friday 10 June 
Centamin PLCdividend payment date
ContourGlobal PLCdividend payment date
Diploma PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
Focusrite PLCdividend payment date
Home REIT PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 13 June 
Hiscox Ltddividend payment date
  
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31 May 2022 09:53

LONDON BROKER RATINGS: Kepler Cheuvreux raises IAG to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday afternoon:

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27 May 2022 10:06

LONDON BROKER RATINGS: JPMorgan cuts Just Eat Takeaway and Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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26 May 2022 11:01

LondonMetric nearly triples annual profit, increases payout

(Alliance News) - LondonMetric Property PLC on Thursday nearly tripled profit in its financial year, as it increased rental income and expanded its portfolio.

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26 May 2022 08:11

LondonMetric posts strong uplift in portfolio value

(Sharecast News) - LondonMetric Property reported a portfolio value of £3.6bn in its full-year results on Thursday, up from £2.6bn year-on-year.

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23 May 2022 09:38

IN BRIEF: LondonMetric buys two retail properties for GBP23 million

LondonMetric Property PLC - London-based property investor - Acquires two retail assets for GBP23.3 million. The company expects a blended initial yield of 6.7%. The properties are expected to generate GBP1.6 million a year in rent.

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23 May 2022 07:14

LondonMetric acquires two NNN retail assets

(Sharecast News) - Real estate investment trust LondonMetric has acquired a portfolio comprising two single-tenant triple-net retail assets for £23.3m, reflecting a blended net initial yield of 6.7%.

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19 May 2022 16:07

UK earnings, trading statements calendar - next 7 days

Friday 20 May  
Bloomsbury Publishing PLC Full Year Results
Close Brothers Group PLCTrading Statement
Ediston Property Investment Co PLCHalf Year Results
Gattaca PLCTrading Statement
JPMorgan Asia Growth & Income PLCHalf Year Results
JPMorgan China Growth & Income PLCHalf Year Results
Old Mutual LtdTrading Statement
Quartix Technologies PLCFull Year Results
Schroder AsiaPacific Fund PLCHalf Year Results
Unbound Group PLCFull Year Results
Wincanton PLCFull Year Results
Monday 23 May 
Big Yellow Group PLCFull Year Results
CentralNic Group PLCTrading Statement
Kainos Group PLCFull Year Results
Kingfisher PLCQ1 Results
Life Science REIT PLCFull Year Results
Tuesday 24 May 
Assura PLCFull Year Results
Avon Protection PLCHalf Year Results
Bytes Technology Group PLCFull Year Results
Calnex Solutions PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
Cranswick PLCFull Year Results
Greencore Group PLCHalf Year Results
Helical PLCFull Year Results
Hill & Smith Holdings PLCTrading Statement
Homeserve PLCFull Year Results
Hyve Group PLCHalf Year Results
Ixico PLCHalf Year Results
Likewise Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
On the Beach Group PLCHalf Year Results
Polymetal International PLCTrading Statement
RS Group PLCFull Year Results
Shaftesbury PLCHalf Year Results
Speedy Hire PLCFull Year Results
SSP Group PLCHalf Year Results
Topps Tiles PLCHalf Year Results
Trinity Exploration & Production PLCFull Year Results
Warehouse REIT PLCFull Year Results
Wednesday 25 May  
De La Rue PLCFull Year Results
Esken LtdFull Year Results
HICL Infrastructure PLCFull Year Results
Hollywood Bowl Group PLCHalf Year Results
Intertek Group PLCTrading Statement
Likewise Group PLCFull Year Results
Marks & Spencer Group PLCFull Year Results
Mediclinic International PLCFull Year Results
Pennant International Group PLCFull Year Results
Pets at Home Group PLCFull Year Results
Sabre Insurance Group PLCQ1 Results
Severn Trent PLCFull Year Results
Softcat PLCQ3 Results
SSE PLCFull Year Results
Thursday 26 May 
AJ Bell PLCFull Year Results
Auto Trader Group PLCFull Year Results
Edinburgh Investment Trust PLCFull Year Results
Facilities by ADF PLCFull Year Results
Integrafin Holdings PLCHalf Year Results
Intermediate Capital Group PLCFull Year Results
Johnson Matthey PLCFull Year Results
LondonMetric Property PLCFull Year Results
Paypoint PLCFull Year Results
Picton Property Income LtdFull Year Results
Ted Baker PLCFull Year Results
United Utilities Group PLCFull Year Results
Wickes Group PLCQ1 Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 May 2022 12:50

IN BRIEF: LondonMetric Property sells warehouse for GBP60.6 million

LondonMetric Property PLC - London-based property investor - Sells distribution warehouse in Reading, England to Philadelphia, Pennsylvania-based real estate investor EQT Exeter for GBP60.6 million. Expects completion of the transaction in November. The 229,000 square feet warehouse is let to DHL, which is part of Deutsche Post AG. Notes that it acquired the property in 2015 with 10 years on a lease for GBP29.1 million, reflecting a net initial yield of 5.7%.

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19 May 2022 07:43

LondonMetric disposes of Reading warehouse asset for £60.6m

(Sharecast News) - Real estate investment trust LondonMetric Property has disposed of its 229,000 square foot DHL distribution warehouse in Reading for a total of £60.6m.

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16 May 2022 13:22

LondonMetric sells four assets for combined £34.2m

(Sharecast News) - LondonMetric said it had sold has sold four assets in separate transactions for £34.2m.

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16 May 2022 11:12

LondonMetric sells 4 long income and leisure assets for GBP34 million

(Alliance News) - LondonMetric Property PLC said on Monday it has sold four assets in England and Wales for GBP34.2 million, reflecting a blended net initial yield of 4.1%.

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