LondonMetric’s (LMP) five-year total shareholder return is 122% (FTSE 350 Real Estate sector 69%). Remaining retail-focused, it has raised Distribution investment assets from 28% (2014) to 69% currently (with developments), reducing its retail parks greatly, to 8%. Income is the driver. Management has achieved reliable and predictable results here. The focus is on structurally supported sectors and strongcovenant long leases. 48% have a contractual income uplift. Development and asset management add ‘alpha’, including re-gearing leases and adding new tenants. The last two years saw significant expansion into Urban Distribution.
05 Feb 2018
Income compounder: the logistical investor
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Income compounder: the logistical investor
LondonMetric Property Plc (LMP:LON) | 195 0.8 0.2% | Mkt Cap: 3,981m
- Published:
05 Feb 2018 -
Author:
Mike Foster -
Pages:
6
LondonMetric’s (LMP) five-year total shareholder return is 122% (FTSE 350 Real Estate sector 69%). Remaining retail-focused, it has raised Distribution investment assets from 28% (2014) to 69% currently (with developments), reducing its retail parks greatly, to 8%. Income is the driver. Management has achieved reliable and predictable results here. The focus is on structurally supported sectors and strongcovenant long leases. 48% have a contractual income uplift. Development and asset management add ‘alpha’, including re-gearing leases and adding new tenants. The last two years saw significant expansion into Urban Distribution.