Goldman Sachs
May 21, 2026
LondonMetric Property FY25-26 Results Analysis
Market ReportEquitiesReal EstateReal Estate
LondonMetric Property released FY26 results showing EPRA EPS of 13.4p and NTA per share of 200.6p, both landing within 1% of consensus. Goldman Sachs maintains a Neutral rating with a 190p price target.
Key Takeaways
- 1.FY26 EPRA EPS of 13.4p was 4% below Goldman Sachs estimates and 1% below consensus.
- 2.Net Tangible Assets (NTA) per share was 200.6p, which was 1% above consensus but 6% below Goldman Sachs estimates.
- 3.Operating metrics showed a slight decline in like-for-like rental growth and occupancy compared to the first half of the year.
Table of Contents
- Financial metrics
- Operating metrics
- Balance sheet / other
- Disclosure Appendix
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Jonathan KownatorKuber SoodRyan RamnarainRebecca Parker
Securities
LMPL.L
Themes
Earnings ResilienceOperational Performance and Rent ReviewsDebt Refinancing and Capital Structure
Regions
UKEuropeUnited Kingdom
