Land Securities Group (LON:LAND) Issues Quarterly Earnings Results

Land Securities Group (LON:LAND) posted its earnings results on Thursday. The company reported GBX 51.40 earnings per share for the quarter, Digital Look Earnings reports. Land Securities Group had a net margin of 27.98% and a return on equity of 3.85%. The firm had revenue of £892 million during the quarter.

Here are the key takeaways from Land Securities Group’s conference call:

• Landsec said customer demand remains very strong, with portfolio occupancy rising to 98%+ and the highest level in more than two decades, while rental values are growing at the fastest pace in nearly 20 years.
• FY2026 results showed 4.6% like-for-like net rental income growth, with office and retail both performing well, and EPRA earnings up 2.2% despite the impact of the Queen Anne’s Mansions sale.
• Management highlighted a much stronger operating leverage profile after cutting overheads by 15% to a 20-year low, which should allow more of future income growth to flow through to earnings and dividends.
• The balance sheet remains resilient, with 8.6-year average debt maturity, about 89-90% of debt fixed or hedged, and net debt to EBITDA expected to fall below 7x within two years as developments lease up.
• Landsec reiterated a constructive growth outlook, guiding to high-single-digit EPS growth in FY2028 and around 5% compound annual EPS growth through FY2030, supported mainly by existing portfolio reversion and current developments.

Land Securities Group Stock Up 2.3%

Shares of LON:LAND traded up GBX 13 during midday trading on Thursday, reaching GBX 583.50. The company had a trading volume of 2,335,662 shares, compared to its average volume of 15,807,810. The company has a debt-to-equity ratio of 72.33, a current ratio of 0.78 and a quick ratio of 0.54. The stock’s fifty day moving average price is GBX 584.03 and its 200-day moving average price is GBX 613.48. The stock has a market capitalization of £4.35 billion, a P/E ratio of 17.52, a PEG ratio of 12.39 and a beta of 1.13. Land Securities Group has a one year low of GBX 522.50 and a one year high of GBX 678.50.

Wall Street Analyst Weigh In

LAND has been the subject of several recent research reports. UBS Group restated a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a report on Monday. The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and dropped their target price for the company from GBX 710 to GBX 690 in a report on Monday, March 30th. Berenberg Bank restated a “buy” rating and set a GBX 897 target price on shares of Land Securities Group in a report on Thursday. Finally, Citigroup dropped their target price on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 642.78.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.