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

Land Securities Group (LON:LAND) released its quarterly earnings data on Thursday. The company reported GBX 51.40 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of £892 million during the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%.

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 Performance

LON LAND opened at GBX 575.90 on Friday. The company has a fifty day simple moving average of GBX 582.33 and a 200 day simple moving average of GBX 612.75. Land Securities Group has a 12-month low of GBX 522.50 and a 12-month high of GBX 678.50. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. The company has a market cap of £4.29 billion, a P/E ratio of 17.29, a PEG ratio of 12.39 and a beta of 1.13.

Analyst Ratings Changes

LAND has been the subject of several research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 897 price objective on shares of Land Securities Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 730 price objective on shares of Land Securities Group in a research note on Friday. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 price objective on shares of Land Securities Group in a research note on Friday. Citigroup lowered their price objective on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and lowered their price objective for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Land Securities Group has an average rating of “Moderate Buy” and a consensus price target of GBX 641.33.

Land Securities Group Company Profile

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.