Financial Ratios Londonmetric Property Plc

Equities

LMP

GB00B4WFW713

Diversified REITs

Market Closed - London S.E. Other stock markets 11:35:09 2025-07-16 EDT			5-day change	1st Jan Change
192.00 ^GBX	-0.67%		-1.34%	+6.61%

07-11	Barclays Restarts LondonMetric Property's Coverage at Overweight	MT
07-11	Jet2 raised to 'buy'; Investec cuts Pagegroup	AN

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Published financial data: LONDONMETRIC PROPERTY PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Rental Revenues	122M	133M	147M	178M	397M
Property Management Fee	-	-	-	-	-
Other Revenues, Total	6.9M	23.3M	-10.3M	-100K	6.1M
Total Revenues	129M	156M	136M	178M	403M
Property Expenses	1.6M	1.5M	1.5M	1.7M	4.9M
Selling General & Admin Expenses, Total	15.8M	6.4M	6.9M	7.6M	11.1M
Depreciation & Amortization - (IS) - (Collected)	-	600K	600K	700K	600K
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-	9M	8.9M	11.4M	15.4M
Total Operating Expenses	17.4M	17.5M	17.9M	21.4M	32M
Operating Income (REIT / Utility Template)	112M	139M	118M	157M	371M
Interest Expense, Total	-20.2M	-23M	-31M	-42.3M	-115M
Interest and Investment Income	600K	500K	2.9M	8.5M	23.7M
Net Interest Expenses	-19.6M	-22.5M	-28.1M	-33.8M	-90.9M
Other Non Operating Income (Expenses)	2.8M	-1.4M	-5.4M	-7.5M	-21M
EBT, Excl. Unusual Items	94.9M	115M	85M	115M	259M
Total Merger & Related Restructuring Charges	-	-	-	-29.8M	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	900K
Gain (Loss) on Sale of Assets	800K	8M	-14.7M	-7.4M	-13M
Asset Writedown	170M	615M	-577M	-7.5M	106M
Other Unusual Items	-7.5M	-	-400K	49.4M	-
EBT, Incl. Unusual Items	258M	738M	-508M	120M	353M
Income Tax Expense	100K	100K	100K	100K	2.2M
Earnings From Continuing Operations	258M	738M	-508M	120M	351M
Net Income to Company	258M	738M	-508M	120M	351M
Minority Interest	-700K	-3.7M	1.3M	-1.2M	-2.7M
Net Income - (IS)	257M	734M	-506M	119M	348M
Net Income to Common Incl Extra Items	257M	734M	-506M	119M	348M
Net Income to Common Excl. Extra Items	257M	734M	-506M	119M	348M
Per Share Items
Net EPS - Basic	0.29	0.79	-0.52	0.11	0.17
Basic EPS - Continuing Operations	0.29	0.79	-0.52	0.11	0.17
Basic Weighted Average Shares Outstanding	899M	932M	978M	1.12B	2.04B
Net EPS - Diluted	0.28	0.78	-0.52	0.11	0.17
Diluted EPS - Continuing Operations	0.28	0.78	-0.52	0.11	0.17
Diluted Weighted Average Shares Outstanding	904M	936M	978M	1.12B	2.05B
Normalized Basic EPS	0.07	0.07	0.06	0.06	0.08
Normalized Diluted EPS	0.06	0.07	0.06	0.06	0.08
Dividend Per Share	0.09	0.09	0.1	0.1	0.12
Payout Ratio	28.14	10.55	-16.45	76.24	52.14
Supplemental Items
EBITDA	112M	140M	119M	157M	371M
EBITA	112M	139M	118M	157M	371M
EBIT	112M	139M	118M	157M	371M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	0.04	0.01	-0.02	0.08	0.62
Current Domestic Taxes	100K	100K	100K	-100K	900K
Current Foreign Taxes	-	-	-	100K	600K
Total Current Taxes	100K	100K	100K	0	1.5M
Deferred Foreign Taxes	-	-	-	100K	700K
Total Deferred Taxes	-	-	-	100K	700K
Normalized Net Income	58.61M	68.24M	54.42M	70.86M	159M
Interest Capitalized	1.1M	1.4M	4M	2.2M	3.4M
Interest on Long-Term Debt	23.2M	26M	36.6M	47.4M	123M
Supplemental Operating Expense Items
General and Administrative Expenses	15.8M	6.4M	6.9M	7.6M	11.1M
Stock-Based Comp., G&A Exp. (Total)	3.8M	3.5M	3.6M	3.5M	5.3M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3.8M	3.5M	3.6M	3.5M	5.3M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Net Property Plant And Equipment	2.5B	3.49B	2.94B	6.23B	6.38B
Total Real Estate Assets	2.5B	3.49B	2.94B	6.23B	6.38B
Cash And Equivalents	51.4M	51.3M	32.6M	112M	81.2M
Accounts Receivable, Total	4.8M	5.7M	2.5M	10.9M	3.6M
Other Receivables	1.5M	1.2M	1.7M	6.6M	5.5M
Investment In Debt and Equity Securities	-	1.3M	12.3M	34.3M	45.4M
Other Intangibles, Total	-	-	-	-	-
Other Current Assets, Total	4.6M	28.5M	22.5M	13.5M	16.1M
Other Long-Term Assets, Total	59.2M	72.6M	61.5M	69.2M	71.9M
Total Assets	2.63B	3.66B	3.08B	6.48B	6.61B
Liabilities
Current Portion of Long-Term Debt	-	-	65M	52.1M	357M
Current Portion of Leases	-	-	-	1.1M	700K
Long-Term Debt	838M	1.02B	945M	2.24B	1.93B
Long-Term Leases	5.2M	4.6M	7.1M	47M	40.8M
Accounts Payable, Total	4.6M	12.2M	12.9M	5.7M	3.7M
Accrued Expenses, Total	12.2M	14.5M	15.8M	23.2M	25.5M
Current Income Taxes Payable	-	-	-	19M	16.9M
Unearned Revenue, Current	22.6M	24.6M	25.3M	72.5M	63.1M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	6.6M	8.1M	11.9M	35.4M	33.3M
Deferred Tax Liability Non-Current	-	-	-	9.6M	10.1M
Total Liabilities	889M	1.09B	1.08B	2.51B	2.48B
Common Stock, Total	91M	97.9M	98.3M	204M	205M
Additional Paid In Capital	219M	387M	396M	405M	426M
Retained Earnings	924M	1.57B	974M	991M	1.14B
Comprehensive Income and Other	497M	501M	500M	2.34B	2.33B
Total Common Equity	1.73B	2.56B	1.97B	3.94B	4.09B
Minority Interest	6.4M	10.1M	27.9M	28M	29.7M
Total Equity	1.74B	2.57B	2B	3.97B	4.12B
Total Liabilities And Equity	2.63B	3.66B	3.08B	6.48B	6.61B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	905M	977M	980M	2.04B	2.04B
ECS Total Common Shares Outstanding	905M	976M	980M	2.03B	2.04B
Book Value / Share	1.91	2.62	2.01	1.94	2.01
Tangible Book Value	1.73B	2.56B	1.97B	3.94B	4.09B
Tangible Book Value Per Share	1.91	2.62	2.01	1.94	2.01
Total Debt	843M	1.03B	1.02B	2.34B	2.33B
Net Debt	791M	975M	984M	2.23B	2.25B
Minority Interest, Total (Incl. Fin. Div)	6.4M	10.1M	27.9M	28M	29.7M
Equity Method Investments, Total	59.2M	72.6M	61.5M	69.2M	71.9M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	31	35	35	47	48
Accumulated Allowance for Doubtful Accounts (Supple)	760K	1.1M	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	257M	734M	-506M	119M	348M
Depreciation, Depletion & Amortization	700K	600K	600K	700K	600K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	700K	600K	600K	700K	600K
Amortization of Deferred Charges, Total	1.8M	1.2M	1.6M	2M	4.3M
(Gain) Loss On Sale of Asset - (CF)	-800K	-8M	14.7M	7.4M	13M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-900K
Total Asset Writedown	-170M	-615M	577M	7.5M	-106M
(Income) Loss On Equity Investments - (CF)	-6.9M	-23.3M	10.3M	100K	-6.1M
Stock-Based Compensation (CF)	3.8M	3.5M	3.6M	3.5M	5.3M
Change in Accounts Receivable	-1.9M	-2.6M	8.1M	-4.1M	7.9M
Change in Accounts Payable	4.5M	11.5M	4.5M	14.8M	-12.5M
Other Operating Activities	11M	17.3M	18.5M	-27.5M	63.4M
Cash from Operations	99.6M	120M	133M	123M	317M
Acquisition of Real Estate Assets, Total	-255M	-552M	-275M	-63.2M	-329M
Sale of Real Estate Assets, Total	208M	180M	259M	198M	323M
Net Sale / Acquisition of Real Estate Assets	-46.2M	-372M	-16.3M	135M	-6.3M
Cash Acquisitions	-	-	-	73.3M	-
Investment in Marketable and Equity Securities, Total	1.8M	8.8M	700K	-8.3M	-15.9M
Other Investing Activities, Total	-2M	-4.2M	-1.8M	6M	14.3M
Cash from Investing	-46.4M	-367M	-17.4M	206M	-7.9M
Long-Term Debt Issued, Total	316M	1.06B	440M	669M	407M
Total Debt Issued	316M	1.06B	440M	669M	407M
Long-Term Debt Repaid, Total	-409M	-871M	-451M	-770M	-434M
Total Debt Repaid	-409M	-871M	-451M	-770M	-434M
Issuance of Common Stock	117M	170M	-	-	-
Repurchase of Common Stock	-5.8M	-2.3M	-6.4M	-3M	-18.7M
Common Dividends Paid	-72.4M	-77.5M	-83.3M	-90.5M	-181M
Common & Preferred Stock Dividends Paid	-72.4M	-77.5M	-83.3M	-90.5M	-181M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-29M	-30.8M	-33.8M	-55.3M	-113M
Cash from Financing	-83.6M	248M	-134M	-250M	-340M
Net Change in Cash	-30.4M	-100K	-18.7M	79.3M	-30.7M
Supplemental Items
Cash Interest Paid	20.1M	24.2M	32.8M	43.6M	98.7M
Cash Income Tax Paid (Refund)	300K	-300K	300K	600K	600K
Net Debt Issued / Repaid	-93M	188M	-10.8M	-101M	-26.8M
Levered Free Cash Flow	64.89M	66.7M	75.69M	163M	163M
Unlevered Free Cash Flow	75.71M	79.88M	93.46M	188M	230M
Change In Net Working Capital	-1.4M	11.1M	-15.2M	-85.6M	7.5M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.77	2.77	2.2	2.05	3.54
Return on Total Capital	2.82	2.81	2.24	2.1	3.63
Return On Equity %	16.24	34.28	-22.24	4.02	8.66
Return on Common Equity	16.27	34.23	-22.37	4.02	8.66
Margin Analysis
Gross Profit Margin %	98.76	99.04	98.9	99.04	98.78
SG&A Margin	12.24	9.84	11.58	10.67	6.58
EBITDA Margin %	87.06	89.2	87.32	88.37	92.2
EBITA Margin %	86.52	88.82	86.88	87.98	92.06
EBIT Margin %	86.52	88.82	86.88	87.98	92.06
Income From Continuing Operations Margin %	199.84	471.69	-372.14	67.36	87.04
Net Income Margin %	199.3	469.33	-371.19	66.69	86.37
Net Avail. For Common Margin %	199.3	469.33	-371.19	66.69	86.37
Normalized Net Income Margin	45.4	43.6	39.9	39.81	39.5
Levered Free Cash Flow Margin	50.26	42.62	55.49	91.71	40.42
Unlevered Free Cash Flow Margin	58.65	51.04	68.52	105.44	57.14
Asset Turnover
Asset Turnover	0.05	0.05	0.04	0.04	0.06
Fixed Assets Turnover	0.05	0.05	0.04	0.04	0.06
Receivables Turnover (Average Receivables)	23.06	25.37	35.78	26.58	54.72
Short Term Liquidity
Current Ratio	1.35	1.46	0.45	0.68	0.21
Quick Ratio	1.25	0.98	0.28	0.62	0.18
Operating Cash Flow to Current Liabilities	2.17	2.01	1.02	0.59	0.63
Days Sales Outstanding (Average Receivables)	15.83	14.39	10.2	13.77	6.67
Average Days Payable Outstanding	1K	2.04K	3.05K	2K	350.1
Long Term Solvency
Total Debt/Equity	48.5	39.93	50.97	59.04	56.53
Total Debt / Total Capital	32.66	28.53	33.76	37.12	36.11
LT Debt/Equity	48.5	39.93	47.71	57.7	47.86
Long-Term Debt / Total Capital	32.66	28.53	31.6	36.28	30.58
Total Liabilities / Total Assets	33.84	29.69	35.18	38.73	37.59
EBIT / Interest Expense	5.53	6.04	3.82	3.7	3.24
EBITDA / Interest Expense	5.56	6.07	3.84	3.72	3.24
(EBITDA - Capex) / Interest Expense	5.56	6.07	3.84	3.72	3.24
Total Debt / EBITDA	7.5	7.35	8.54	14.9	6.28
Net Debt / EBITDA	7.04	6.98	8.26	14.19	6.06
Total Debt / (EBITDA - Capex)	7.5	7.35	8.54	14.9	6.28
Net Debt / (EBITDA - Capex)	7.04	6.98	8.26	14.19	6.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.54	21.22	-12.84	30.5	126.29
Gross Profit, 1 Yr. Growth %	23.43	21.57	-12.97	30.69	125.69
EBITDA, 1 Yr. Growth %	27.44	24.2	-14.68	32.07	136.11
EBITA, 1 Yr. Growth %	27.66	24.44	-14.75	32.15	136.78
EBIT, 1 Yr. Growth %	27.66	24.44	-14.75	32.15	136.78
Earnings From Cont. Operations, 1 Yr. Growth %	-3.84K	186.12	-168.76	-123.62	192.41
Net Income, 1 Yr. Growth %	-4.61K	185.46	-168.93	-123.44	193.09
Diluted EPS Before Extra, 1 Yr. Growth %	-4.12K	175.61	-165.97	-120.46	60.38
Normalized Net Income, 1 Yr. Growth %	52.94	16.42	-20.24	30.2	124.54
Net Property, Plant and Equip., 1 Yr. Growth %	10.15	39.53	-15.73	111.63	2.43
Accounts Receivable, 1 Yr. Growth %	-17.24	18.75	-56.14	336	-66.97
Total Assets, 1 Yr. Growth %	8.58	39.17	-15.79	110.48	1.99
Common Equity, 1 Yr. Growth %	20.92	47.85	-23.14	100.35	3.87
Tangible Book Value, 1 Yr. Growth %	20.92	47.85	-23.14	100.35	3.87
Cash From Operations, 1 Yr. Growth %	57.59	19.98	11.3	-7.44	157.43
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	34.62	2.79	13.47	115.67	-0.25
Unlevered Free Cash Flow, 1 Yr. Growth %	23.34	5.5	17.01	100.8	22.63
Dividend Per Share, 1 Yr. Growth %	4.22	6.94	2.7	7.37	17.65
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	26.72	22.38	2.79	6.65	71.85
Gross Profit, 2 Yr. CAGR %	26.88	22.49	2.86	6.65	71.74
EBITDA, 2 Yr. CAGR %	30.9	25.81	2.94	6.15	76.59
EBITA, 2 Yr. CAGR %	30.59	26.04	3	6.14	76.89
EBIT, 2 Yr. CAGR %	30.59	26.04	3	6.14	76.89
Earnings From Cont. Operations, 2 Yr. CAGR %	46.81	934.34	40.27	-59.7	-16.89
Net Income, 2 Yr. CAGR %	46.61	1.04K	40.28	-59.8	-17.11
Diluted EPS Before Extra, 2 Yr. CAGR %	29.01	952.05	34.85	-63.24	-42.71
Normalized Net Income, 2 Yr. CAGR %	47.68	33.44	-3.64	1.91	70.98
Net Property, Plant and Equip., 2 Yr. CAGR %	21.8	23.97	8.43	33.54	47.23
Accounts Receivable, 2 Yr. CAGR %	130.94	-0.87	-27.83	38.29	20
Total Assets, 2 Yr. CAGR %	20.34	22.93	8.26	33.13	46.52
Common Equity, 2 Yr. CAGR %	19.28	33.71	6.6	24.09	44.26
Tangible Book Value, 2 Yr. CAGR %	19.28	33.71	6.6	24.09	44.26
Cash From Operations, 2 Yr. CAGR %	35.56	37.51	15.56	1.5	54.36
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	38.7	17.64	8	56.44	46.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	33.15	14.07	11.11	53.28	56.92
Dividend Per Share, 2 Yr. CAGR %	2.71	5.57	4.8	5.01	12.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.61	24.86	9.29	11.3	37.04
Gross Profit, 3 Yr. CAGR %	12.49	25.08	9.3	11.41	36.92
EBITDA, 3 Yr. CAGR %	13.91	28.63	10.53	11.85	38.56
EBITA, 3 Yr. CAGR %	13.81	28.51	10.64	11.92	38.69
EBIT, 3 Yr. CAGR %	13.81	28.51	10.64	11.92	38.69
Earnings From Cont. Operations, 3 Yr. CAGR %	11.52	83.38	319.01	-22.54	-21.98
Net Income, 3 Yr. CAGR %	11.42	83.08	346.18	-22.73	-22.05
Diluted EPS Before Extra, 3 Yr. CAGR %	1.93	66.16	317.97	-28.05	-39.93
Normalized Net Income, 3 Yr. CAGR %	3.13	36.42	12.4	6.53	32.61
Net Property, Plant and Equip., 3 Yr. CAGR %	14.3	27.44	9	35.51	22.24
Accounts Receivable, 3 Yr. CAGR %	83.57	85.02	-24.46	31.44	-14.2
Total Assets, 3 Yr. CAGR %	12.87	26.31	8.37	35.12	21.82
Common Equity, 3 Yr. CAGR %	14.63	28.13	11.17	31.55	16.95
Tangible Book Value, 3 Yr. CAGR %	14.63	28.13	11.17	31.55	16.95
Cash From Operations, 3 Yr. CAGR %	31.83	30.15	28.15	7.32	38.42
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	12.56	25.52	16.23	36	34.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.17	23.21	15.04	35.34	42.3
Dividend Per Share, 3 Yr. CAGR %	3.07	4.1	4.6	5.65	9.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.13	13.97	8.57	17.23	30.98
Gross Profit, 5 Yr. CAGR %	11.09	13.98	8.53	17.36	30.96
EBITDA, 5 Yr. CAGR %	12.7	15.67	9.39	19.11	33.31
EBITA, 5 Yr. CAGR %	12.6	15.61	9.35	19.04	33.48
EBIT, 5 Yr. CAGR %	12.71	15.67	9.35	19.04	33.48
Earnings From Cont. Operations, 5 Yr. CAGR %	25.54	63.59	22.23	0.03	119.38
Net Income, 5 Yr. CAGR %	25.48	63.43	22.17	-0.17	127.57
Diluted EPS Before Extra, 5 Yr. CAGR %	16.51	50.76	14	-9.12	88.8
Normalized Net Income, 5 Yr. CAGR %	24.85	16.43	0.37	21.4	32.94
Net Property, Plant and Equip., 5 Yr. CAGR %	13.22	20.53	11.91	29.85	22.93
Accounts Receivable, 5 Yr. CAGR %	22.07	82.7	26.36	64.68	-9.1
Total Assets, 5 Yr. CAGR %	11.49	18.83	11	29	22.26
Common Equity, 5 Yr. CAGR %	14.02	20.51	11.35	26.5	23.38
Tangible Book Value, 5 Yr. CAGR %	14.03	20.51	11.35	26.5	23.38
Cash From Operations, 5 Yr. CAGR %	26.4	15.9	25.06	17.83	38.05
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	18.89	8.89	10.71	37.08	27.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	16.75	8.79	11.74	34.46	30.25
Dividend Per Share, 5 Yr. CAGR %	3.59	4.28	3.76	4.46	7.65