LondonMetric Grows Portfolio with £78.5 Million Triple Net Lease Acquisitions

LondonMetric Property Plc (LSE:LMP) has completed £78.5 million in triple net lease (NNN) acquisitions across five separate deals. The newly added assets—which include Premier Inn hotels, logistics warehouses, and convenience properties—are expected to deliver £4.6 million in annual rental income. Over the next five years, the portfolio is forecast to lift its net initial yield (NIY) from 5.5% to 6.3%.

These investments expand LondonMetric’s footprint in the budget hotel segment while reinforcing its exposure to high-demand areas such as logistics and convenience retail. The company noted that the acquisitions enhance asset diversity and align with evolving consumer preferences around experience, entertainment, and convenience. Management anticipates similar opportunities in the future as part of its ongoing strategy.

LondonMetric’s investment case is supported by strong revenue and earnings growth, an attractive valuation, and a compelling dividend yield. Still, technical signals currently suggest a short-term bearish outlook, tempering some of the optimism around the stock’s performance.

About LondonMetric Property

LondonMetric Property Plc is a leading UK-based real estate investment trust (REIT) specializing in triple net lease properties. With a portfolio valued at approximately £7 billion, the company focuses on sectors such as logistics, convenience, healthcare, entertainment, and leisure. Its strategy is centered on owning and managing properties that meet tenant demand, generating predictable and growing income streams, and delivering long-term outperformance.

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