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Land Securities Group

Current Price 604.50p Bid 603.50p Ask 605.00p Change -2.70%
Last Updated: 28/11/2024 16:48. Prices delayed by at least 15 minutes.
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Company Overview

One of the UK's largest property companies, for many years Land Securities was in effect a proxy for the UK quoted property sector. Retail and offices are now its biggest sectors and biggest contributors to rental income. The company also provide property services to more than 2,500 private and public sector clients

Financial Highlights Year Ended 31/03/2024

Revenue
£824.00m
Operating Profit/Loss
£-229.00m
Dividend yield (%)
6.00
Total dividend for year
n/ap
Dividend cover
1.27
P/E Ratio
13.10

Key Personnel

Mr Mark Allan
Chief Executive Officer
Ms Vanessa Simms
Executive Director
Mr Ian Cheshire
Independent Non-Executive Director
Mr Manjiry Tamhane
Independent Non-Executive Director
Mr Miles Roberts
Independent Non-Executive Director
Ms Moni Mannings
Independent Non-Executive Director
Mr Christophe A Evain
Non-Executive Director
Mr James Bowling
Non-Executive Director
Mrs Madeleine Cosgrave
Non-Executive Director

Stock Details

EPIC
LANDL
ISIN
GB0031809436
Shares in Issue
790.66m
Market cap
£4,779.54m

Price Summary

Mid Price
604.50p
Bid Price
603.50p
Ask Price
605.00p
Volume
355,791
Change Today
-16.75p
% Change Today
-2.70%
Open
614.00p
Previous Close
621.25p
Intraday High
615.50p
Intraday Low
603.50p
52 Week High
726.80p
52 Week Low
570.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Mar 2024
31 Mar 2023
 
£ (M)
£ (M)
Continuing Operations
Revenue
824.00
791.00
Operating Profit/Loss
-229.00
-568.00
Net Interest
-114.00
-53.00
Pre-Tax Profit
-341.00
-622.00
Profit After Tax from continuing operations
-341.00
-622.00
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
-341.00
-622.00
Attributable to:
Equity Holders of Parent Company
-319.00
-619.00
Minority Interests
-22.00
-3.00
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2024
31 Mar 2023
Basic
-43.00p
-83.60p
Diluted
-43.00p
-83.60p
Adjusted
50.10p
50.10p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Mar 2024
31 Mar 2023
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
n/a
n/a
Intangible Assets
3.00
6.00
Investment Properties
9,330.00
9,658.00
Investments
529.00
536.00
Other Financial Assets
21.00
21.00
Other Non-Current Assets
207.00
213.00
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
379.00
365.00
Cash at Bank & In Hand
78.00
41.00
Current Asset Investments
n/a
n/a
Other Current Assets
117.00
126.00
Other Assets
n/a
n/a
Total Assets
10,664.00
10,966.00

Liabilities

Year End Date
31 Mar 2024
31 Mar 2023
 
£ (M)
£ (M)
Current Liabilities
Borrowings
975.00
315.00
Other Current Liabilities
378.00
330.00
Total Current Liabilities
1,353.00
645.00
Non-Current Liabilities
Borrowings
2,805.00
3,223.00
Provisions
42.00
n/a
Other Non-Current Liabilities
17.00
26.00
Total Non-Current Liabilities
2,864.00
3,249.00
Other Liabilities
n/a
n/a
Total Liabilities
4,217.00
3,894.00

Net Assets

Year End Date
31 Mar 2024
31 Mar 2023
 
£ (M)
£ (M)
Net Assets
6,447.00
7,072.00

Capital & Reserves

Year End Date
31 Mar 2024
31 Mar 2023
 
£ (M)
£ (M)
Share Capital
80.00
80.00
Share Premium Account
319.00
318.00
Other Reserves
23.00
13.00
Retained Earnings
5,980.00
6,594.00
Shareholders Funds
6,402.00
7,005.00
Minority Interests/Other Equity
45.00
67.00
Total Equity
6,447.00
7,072.00

Dividend History

Dividend Metrics

Year End Date
31 Mar 2024
31 Mar 2023
Dividend growth
2.59%
4.32%
Dividend yield
6.00%
6.20%
Dividend cover
1.27
1.30


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