LondonMetric Property First Half 2023 Earnings: UK£0.25 loss per share (vs UK£0.28 profit in 1H 2022)

LondonMetric Property (LON:LMP) First Half 2023 Results

Key Financial Results

  • Revenue: UK£68.2m (down 7.6% from 1H 2022).

  • Net loss: UK£243.4m (down by 196% from UK£254.1m profit in 1H 2022).

  • UK£0.25 loss per share (down from UK£0.28 profit in 1H 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

LondonMetric Property Earnings Insights

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the REITs industry in the United Kingdom.

Performance of the British REITs industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for LondonMetric Property (1 shouldn't be ignored!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here