Should I buy LondonMetric Property stock in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been monitoring the performance of LondonMetric Property for more than three years. Each month, hundreds of thousands of users across the United Kingdom rely on us to interpret market trends and uncover the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, remunerated by LondonMetric Property.

What is LondonMetric Property?

How much is LondonMetric Property stock?

The price of LondonMetric Property stock is rising this week. As of today, the share is trading at 194.20 GBp, with a slight 24-hour change of -0.10% but marking a positive weekly gain of 1.30%. The company’s market capitalisation stands at £3.99 billion, with an average 3-month trading volume of 2.04 million shares. Its P/E ratio is 17.65, the dividend yield is an attractive 6.02%, and the stock’s beta is 0.86, suggesting lower volatility compared to the broader market. Investors may appreciate LondonMetric’s steady income potential, especially amid its sector focus and resilient financials.

Our full analysis on LondonMetric Property stock

Having thoroughly analysed LondonMetric Property’s latest financial results, as well as the stock’s nuanced performance trends over the last three years, we have leveraged a multi-factor evaluation that incorporates real-time financial data, technical indicators, and comparative market analytics, synthesised through our proprietary models. This holistic review considers sectoral developments, peer benchmarks, and forward-looking growth factors alongside current market sentiment. So, why might LondonMetric Property stock once again become a strategic entry point into the UK’s commercial property and logistics sector in 2025?

Recent Performance and Market Context

LondonMetric Property (LMP) has demonstrated notable resilience and positive momentum, particularly in the face of macroeconomic volatility that has challenged many real estate equities. The stock recently traded at 194.20 GBp (as of 2 May 2025), reflecting a convincing rebound—up 7.11% over the last month and posting 7.83% year-to-date gains. Such recovery outpaces the FTSE 100 average real estate peer set, underlining renewed confidence in the stock’s operational model and outlook.

The broader UK REIT market is benefitting from stabilising interest rate expectations and a renewed focus on high-quality, income-generative assets, particularly in logistics—where secular tailwinds remain robust. LondonMetric’s decisive strategic realignment away from legacy retail park assets and towards logistics, healthcare, convenience, and leisure positions it at the vanguard of these structural growth themes.

Recent announcements—including asset acquisitions totalling £193.3 million and substantial disposals to streamline the portfolio—further demonstrate disciplined capital allocation. Meanwhile, improved property valuations and a high 99% occupancy rate reinforce market confidence. Importantly, LondonMetric’s inclusion in the FTSE 100 grants it formidable institutional credibility and enhances access to diversified funding sources, setting the stage for sustained expansion.

Technical Analysis

A close examination of LondonMetric’s technical profile reveals a constructive set-up on both short- and medium-term horizons:

• Relative Strength Index (RSI-14) at 64.5: Indicates healthy momentum, but not overstretched, leaving ample room for continued upside before reaching overbought territory.
• MACD (12, 26) at 3.3: Currently flashing a buy signal, reflecting positive inertia and an emerging bullish phase.
• Moving Averages: The share price remains above both the 50-day (183.89 GBp) and 200-day (190.93 GBp) moving averages—a classic bullish confirmation supported by recent price consolidation.
• Strong Support: There is robust support around 184.5 GBp, which has acted as a reliable base throughout the past two quarters, while immediate resistance just above 200 GBp is within tactical reach should positive catalysts persist.
• Volume Dynamics: Trading volumes have remained consistent and liquid throughout recent upswings, supporting the validity of price action and reducing the risk of volatility spikes.

This technical tapestry signals a strong foundation for ongoing momentum, with trend followers and long-term investors likely to view the current levels as an auspicious entry point.

Fundamental Analysis

LondonMetric’s financial underpinnings are particularly compelling in the current sector context:

• Revenue and Earnings Growth: The most recent half-year saw net rental income surge by 154% to £193.1 million and EPRA earnings leap by 155% to £135.4 million (+26.5% per share). These robust figures underscore the efficacy of the company’s logistics-heavy strategy and dependable rental streams.
• Profitability: The company maintains a sector-leading EPRA cost ratio of 7.6%, marking a 400 basis point improvement and reflecting relentless operational efficiency.
• Dividend Coverage and Growth: The latest dividend grew by 18.8% (to 5.7p per share), is underpinned by a generous 117% earnings coverage, and delivers a forward yield of 6.02%—a benchmark of income certainty rarely matched by sector rivals.
• Valuation: At a Price/Earnings multiple of 17.65 and forward P/E of 15.08, alongside a price-to-book ratio just below 1x (0.99), LondonMetric currently screens as attractively valued relative to both its historical averages and leading competitors. This is particularly true against a backdrop of enhanced earnings quality, sector leadership, and visible future income.
• Asset Quality: With a £6.2 billion portfolio—45% of which is dedicated to in-demand logistics assets—complemented by a 99% occupancy rate and market-leading WAULT of 19 years, the durability and growth potential of earnings are evident and substantial.

These key strengths not only mitigate downside risk but position the company to benefit disproportionately from cyclical and structural upturns in commercial property and logistics demand.

Volume and Liquidity

LondonMetric boasts a highly liquid equity profile, supported by its FTSE 100 inclusion and broad institutional ownership. Trading volumes have remained robust over the past twelve months—particularly during periods of price appreciation—signalling enduring market confidence and sponsor engagement.

• Sustained Liquidity: High trading volume has consistently absorbed increased buy-side flows without driving excess volatility, allowing for efficient entry and exit.
• Float Dynamics: The public float facilitates dynamic price discovery, while tightly-held asset characteristics can underpin valuation resilience during sector stress.

Taken together, the stock’s liquidity profile underpins its suitability not just for large-cap portfolios, but also for agile, event-driven investors seeking tactical positioning ahead of potential catalysts.

Catalysts and Positive Outlook

LondonMetric’s catalysts extend well beyond the short-term, encompassing structural, operational, and sustainability-driven factors. These create a fertile climate for both income and growth-focused investors:

• Portfolio Expansion: Strategic acquisitions—predominantly in logistics, totalling nearly £200 million in the recent period—directly enhance the company’s exposure to sectors with exceptional rental growth dynamics and tenant stability.
• Embedded Growth: With 78% of rental income subject to contractual uplifts and 42% linked to annual reviews, there is 21% embedded reversion in logistics income alone, set to unlock an additional £26 million over the next 18 months.
• ESG Leadership: 87% of the portfolio is now rated EPC A-C, driving future-proof asset quality and aligning the REIT with evolving institutional sustainability mandates.
• Technological Uplift: The rollout of 3.3MWp in solar PV (with another 3MWp imminent) enhances the operational margin and ESG credentials—traits that increasingly attract premium valuations and index allocations.
• Dividend Growth: Repeated, fully-covered dividend increases create a virtuous circle of shareholder returns, with scope for further growth as cash flows scale.
• Strategic Disposals: Ongoing portfolio optimisation via disposals of non-core assets reduces exposure to underperforming legacy sectors and frees up capital for redeployment into high-yield, low-volatility opportunities.

The current macro environment—marked by stabilising rates, resilient consumption, and steadfast tenant demand in logistics, convenience, and healthcare—provides the ideal context for these catalysts to translate into sustained outperformance.

Investment Strategies

Given LondonMetric’s positive signals, investors may contemplate a range of tactical and strategic entry points across time horizons:

• Short-Term Opportunity: The recent trading bounce and technical strength (trading above major moving averages, MACD buy, and unchallenged support at 184.5 GBp) point to favourable near-term momentum with upside to initial resistance levels (circa 200 GBp and above).
• Medium-Term Positioning: With visible catalysts such as further logistics acquisitions, embedded rental growth, and sustainability upgrades due in the next year, initiating positions ahead of these announcements could capture cumulative re-rating potential and additional dividend growth.
• Long-Term Perspective: The structural realignment towards logistics, demonstrably reliable income streams (backed by long leases and contractual uplifts), and best-in-class operational metrics make LondonMetric an appealing core UK REIT holding for multi-year portfolios. The valuation remains undemanding given the company’s forward-looking income visibility.

For all entry strategies, the stock’s current technical base and prospective catalysts seem to represent an excellent risk-reward balance for buyers.

Is It the Right Time to Buy LondonMetric Property?

LondonMetric Property’s strategic focus on high-growth, low-volatility sectors has delivered superior results—bolstered by exceptional occupancy rates, robust income visibility, and best-in-class cost efficiency. The company’s financial momentum, coupled with a disciplined asset management approach, attractive valuation multiples, and a forward dividend yield exceeding 6%, all support the view that the stock may be entering a new bullish phase.

Forward-looking investors will note a significant alignment between technical signals and fundamental strength—a rare conjunction that justifies renewed interest. With macro conditions stabilising, logistics demand surging, and a wealth of embedded catalysts set to materialise, LondonMetric seems set to further consolidate its leadership among UK REITs.

While any investment carries inherent risks—most notably from interest rate moves and sector-specific shocks—LondonMetric’s decisive hedging, market positioning, and portfolio optimisation steps serve to mitigate downside scenarios. For those seeking compelling exposure to defensive income, structural growth, and compelling valuation in UK-listed property, LondonMetric Property stands out as a company with exceptional prospects as we approach 2025.

In summary, LondonMetric Property currently offers a blend of technical momentum, operational excellence, and forward-looking growth that seems to represent an excellent opportunity for investors seeking a resilient, high-yield anchor within the UK real estate sector. As the next wave of sector catalysts approaches, the stock warrants serious consideration for inclusion in optimised, income-oriented portfolios—appearing, by all counts, firmly on the threshold of another phase of outperformance.

How to buy LondonMetric Property stock in United Kingdom?

Buying LondonMetric Property (LMP) shares online is straightforward and secure when you use a regulated UK broker. You can invest in LMP via two main methods: spot buying (directly owning the shares) or trading contracts for difference (CFDs), which allow you to speculate on price movements without owning the asset. Both routes are designed for accessibility, with brokers offering intuitive platforms and robust security measures. If you’re ready to get started, be sure to review the detailed broker comparison provided further down the page to find the right fit for your needs.

Spot Buying

Cash (spot) buying involves directly purchasing LondonMetric Property shares, making you a shareholder entitled to dividends and voting rights. UK brokers typically charge a fixed commission per order when you buy shares, commonly around £4–£7 per trade. For example, with LondonMetric Property trading at 194.20 GBp (or £1.942), investing £1,000 would allow you to purchase approximately 513 shares (£1,000 - £5 fee = £995 / £1.942 ≈ 512 shares, rounded to 513).

Important Information

✔️ Gain scenario:
If the share price rises by 10%, your 513 shares would be worth about £1,100. Result: a gross gain of £100, representing a +10% return on your initial investment.

Trading via CFD

CFD (Contract for Difference) trading lets you profit from LondonMetric Property’s price movements without owning the shares. With CFDs, you trade on margin and can use leverage, though it’s important to understand the associated risks. Fees include the spread (difference between buy and sell prices) and overnight financing costs for holding leveraged positions. For instance, with a £1,000 stake and 5x leverage, your exposure becomes £5,000.

Important Information

✔️ Gain scenario:
If the share price increases by 8%, your position would deliver a 40% return (8% × 5), netting a £400 gain on your £1,000 stake (excluding fees and overnight charges).

Final Advice

Before investing, always compare brokers’ fees, trading conditions, and platform offerings to ensure you get the best value. Your choice between direct share ownership and CFDs should align with your investment goals, risk tolerance, and trading style. For detailed side-by-side comparisons of popular UK brokers, see our comprehensive table further down the page. Your investment journey starts with the right information and a broker that matches your objectives.

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Our 7 tips for buying LondonMetric Property stock

The latest news about LondonMetric Property

LondonMetric Property reports strong financial results, including a 154% surge in net rental income. The company’s recent half-year figures ending September 2024 confirm a robust operational performance, with net rental income reaching £193.1 million and EPRA earnings increasing 155% to £135.4 million. Notably, these results were achieved alongside a highly efficient cost structure, exemplified by a 7.6% EPRA cost ratio. Dividend growth remains a focal point, as the dividend was raised by 18.8% to 5.7p, well-covered by earnings at 117%. Portfolio value at £6.2 billion and a 99% occupancy rate, with an exceptionally long WAULT of 19 years, provide analysts with clear signals of income stability and reliability within the UK real estate sector.

The portfolio’s logistics weighting and sectoral repositioning reinforce LondonMetric’s defensive growth profile. Recent strategic acquisitions include £193.3 million in 19 logistics assets during the reported period, with disposals focused on non-core assets. The logistics sector now represents 45% of the portfolio, with a stated target of reaching 50% by year-end. This focus on structurally supported and high-demand UK sectors—specifically logistics, healthcare, and convenience—helps insulate LondonMetric from retail and office volatility, echoing broader trends favouring e-commerce and last-mile delivery infrastructure throughout the UK.

Recent share price momentum is positive, outperforming the FTSE 100 over one week and month-to-date. LondonMetric shares rose 1.3% over the past week and 7.11% in the last month, notably outperforming both the broader real estate sector and the FTSE 100. The stock is trading above its 50-day and 200-day moving averages, a technical signal analysts interpret as bullish. Additionally, a MACD “buy” signal and a neutral RSI of 64.5 suggest continued positive momentum without immediate signs of overbought conditions, supporting near-term optimism among UK market participants.

Income visibility remains high, supported by contractual rental uplifts and rising rent reviews across the portfolio. Contracted rental uplifts cover 78% of LondonMetric’s income, and the most recent period saw rent reviews delivering 17% increases on a five-yearly equivalent basis, with some market reviews achieving 44% uplifts. These factors, coupled with 21% embedded reversionary potential in logistics, ensure that income streams are not only secure but growing, especially relevant for income-focused UK investors in a low growth environment. The company anticipates an income uplift of £26 million over the next 18 months.

LondonMetric’s ESG initiatives and capital structure improvements enhance its long-term investment case. The portfolio is now 87% EPC A-C rated, signaling best-in-class energy efficiency and regulatory preparedness—an increasingly critical criterion for UK institutional investors. Recent capital recycling, disposal of non-strategic assets, and additional solar PV installations further bolster the REIT’s sustainability profile. Financial discipline is evidenced by a hedged debt profile (100% of debt hedged) and a price-to-book ratio of 0.99, signaling fair market valuation, while a 6.02% forward dividend yield remains highly competitive in the UK context.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.