|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||7.96 - 7.96|
|52-week range||5.30 - 9.97|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.46 (5.84%)|
|Ex-dividend date||15 Jun 2023|
|1y target est||N/A|
Key Insights Significantly high institutional ownership implies Land Securities Group's stock price is sensitive to...
The outlook for Britain’s commercial property market has rapidly deteriorated over recent months. Swift interest rate rises and downbeat economic forecasts have combined to prompt a widespread decline in commercial property prices that is set to persist over the short run.
While it may not be enough for some shareholders, we think it is good to see the Land Securities Group plc ( LON:LAND...
(Reuters) -Britain's Land Securities on Friday appointed retailing industry veteran and Channel 4 chair Ian Cheshire as its next chairman, as the commercial landlord streamlines its retail assets in the midst of tough property-market conditions. Cheshire, a former chief of retailer Kingfisher and ex-chairman of department store group Debenhams, takes over as Landsec chairman at a time when British commercial property values are seeing a slump, pressured by rising interest rates and broader economic uncertainty. "Retail property companies are more operationally-focused compared with a decade ago and with rents now having a variable element linked to the tenant turnover and profitability, property firms want to make sure that they have got the right tenants in their centres," Liberum analyst Chris Spearing told Reuters.
20 January 2023
Land Securities Group ( LON:LAND ) First Half 2023 Results Key Financial Results Revenue: UK£394.0m (up 25% from 1H...
Landsec told investors its portfolio saw its value tumbled by £323 million, or 2.9%, to £10.9 billion, driven by weakness in Central London.
(Reuters) -British property group Land Securities will slow the pace of its re-investment plans due to challenging economic conditions, after the company reported a first-half loss as rising borrowing costs hit the real estate sector. Aggressive interest rate increases to tame high inflation and deepening recession worries are seen dampening a tentative recovery in the British commercial property sector from pandemic lows. Landsec, Britain's top commercial property landlord, said its pace of re-investment would slow down over the next year or so because of the challenging economic climate.