LondonMetric Property Plc (LSE:LMP) delivered a strong set of half-year results to September 2025, reporting a 14.6% increase in net rental income to £221.2 million, supported primarily by its acquisition of Urban Logistics REIT assets. Although IFRS profit declined to £130.3 million, EPRA earnings rose 9.7% to £148.6 million, underscoring the company’s emphasis on high-performing sectors and operational efficiency. The portfolio expanded to £7.4 billion in value, with logistics now representing 54% of total assets. Strategic acquisitions and active asset management continue to elevate the quality of the company’s holdings, contributing to a 7% dividend uplift and strengthening its position for further growth despite a challenging macroeconomic backdrop.
LondonMetric’s outlook remains broadly positive, supported by strong financial performance and an appealing valuation profile. Technical indicators also point toward potential upside. Still, the company’s history of profit volatility and rising leverage warrants ongoing attention.
More about LondonMetric Property
LondonMetric Property Plc is a UK-based triple-net-lease REIT specialising in logistics, healthcare, convenience, entertainment, and leisure real estate. The company owns and manages mission-critical properties designed to deliver reliable, recurring, and growing income-led returns.
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