- LondonMetric Property
- 20 November 2025 08:12:28
Source: Sharecast
Net rental income totalled £221.2m over the six months to 30 September, up 14.6% over last year, LondonMetric reported on Wednesday.
Results were helped by three months of contributions from the Urban Logistics REIT business that was purchased this summer, while like-for-like annualised income growth came in at 5.2%.
EPRA earnings rose 9.7% to £148.6m, with earnings per share up 1.5% at 6.7p. Meanwhile, the interim dividend was raised 7.0p to 6.1p, which was 111% covered by earnings.
By the end of the half, LondonMetric's portfolio was valued at £7.4bn, up from £6.2bn at the end of the previous financial year.
The logistics weighting of the overall portfolio increased from 46% to 54%, helped by the £1.30bn of assets acquired during the period, 91% of which were in the urban logistics category.
"Logistics remains our strongest conviction for income growth but we remain attracted to other sectors as evolving consumer behaviour continues to provide a strong tailwind for further rental progression," said chief executive Andrew Jones.
LondonMetric shares were down 0.9% at 187.2p in early deals in London.