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Land Securities Group (LAND)

Sector:

Real Estate

Index:

FTSE 100

Market Cap

£4,612.80m

Change Today

Price Up7.50p (0.76%)

Share Price

991.50p

LAND Overview

One of the UK's largest property companies, for many years Land Securities was in effect a proxy for the UK quoted property sector. Retail and offices are now its biggest sectors and biggest contributors to rental income. The company also provide property services to more than 2,500 private and public sector clients

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 6.5% 6.9%
Div Cover 1.3 1.3
Op Mrgn -31.5% 53.7%
ROCE -4.0%  

Valuation

Latest F'cast
P/E 12.0 11.9
PEG 0.7 18.6
Pr/Revenue 2.9 6.4
Pr/Book 0.5  

Growth

Latest F'cast
Revenue -4.9% -54.0%
PBT n/a n/a
EPS 16.2% 0.6%
DPS 20.8% 2.8%

LAND Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-04 a1,285.80 a373.10 47.86p 22.8 n/a -6% 37.10p 3.4%
31-Mar-05 1,627.10 1,307.50 67.13p 19.3 0.5 +40% 43.25p 3.3%
31-Mar-06 1,828.70 2,359.20 70.76p 27.2 5.4 +5% 46.70p 2.4%
31-Mar-07 1,641.10 1,979.10 70.48p 30.4 n/a -0% 53.00p 2.5%
31-Mar-08 1,561.20 (888.80) 81.90p 18.4 1.2 +16% 64.00p 4.2%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

LAND Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-09 718.58 386.21 82.43p 11.9 18.5 +1% 65.82p 6.9%
31-Mar-10 741.11 319.93 79.54p 12.4 n/a -4% 66.90p 7.0%
31-Mar-11 766.61 383.29 77.46p 12.7 n/a -3% 64.95p 6.9%

Covering analysts: Arbuthnot Securities, Blue Oar Securities, Charles Stanley & Co, Citigroup Investment Research, Collins Stewart, Credit Suisse, Exane BNP Paribas, Goldman Sachs, JP Morgan, Morgan Stanley, Nomura Equity Research, Société Générale

LAND Company Announcements

Land Securities agrees sale of Trillium 08-Jan-2009 07:00 RNS
Total Voting Rights 05-Jan-2009 16:19 RNS
Directorate Change 16-Dec-2008 14:46 RNS

LAND ShareCast News

London close: Footsie in late fight-back 08-Jan-2009 ShareCast
London afternoon: Rate cut disappoints 08-Jan-2009 ShareCast
London midday: Footsie little changed after rate... 08-Jan-2009 ShareCast

LAND Top Newspaper Links

Land Securities sells Trillium to Telereal for £... 09-Jan-2009 Telegraph
Trillium sells outsource unit 09-Jan-2009 The Scotsman
Land Securities sells Trillium arm for lower-tha... 09-Jan-2009 The Independent

Latest LAND Director Deals

No deals were found in the last 28 days.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

LAND Market Data

Currency UK Pounds
Share Price 991.50p Price Up
Change Today +7.50p
52 Week High 1,648.00
52 Week Low 871.00
Volume 76,234
Shares Issued 465.23m
Market Cap £4,612.80m
Beta 0.74
RiskGrade 207
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Terms & Conditions

LAND Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.21% below the market average79.21% below the market average79.21% below the market average79.21% below the market average79.21% below the market average
94.77% below the sector average94.77% below the sector average94.77% below the sector average94.77% below the sector average94.77% below the sector average
Price Trend
21.30% above the market average21.30% above the market average21.30% above the market average21.30% above the market average21.30% above the market average
58.28% above the sector average58.28% above the sector average58.28% above the sector average58.28% above the sector average58.28% above the sector average
Income
34.46% above the market average34.46% above the market average34.46% above the market average34.46% above the market average34.46% above the market average
32.58% below the sector average32.58% below the sector average32.58% below the sector average32.58% below the sector average32.58% below the sector average
Growth
75.83% below the market average75.83% below the market average75.83% below the market average75.83% below the market average75.83% below the market average
71.21% below the sector average71.21% below the sector average71.21% below the sector average71.21% below the sector average71.21% below the sector average

What The Brokers Say

Strong Buy 1
Buy 3
Neutral 7
Sell 1
Strong Sell 4
Total 16
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LAND Dividends

  Latest Previous
  Q2 Q1
Ex-Div 03-Dec-08 17-Sep-08
Paid 12-Jan-09 24-Oct-08
Amount 16.50p 16.50p

Trades for 09-Jan-2009

Time Volume / Share Price
08:34 67 @ 991.50p
08:34 300 @ 990.00p
08:34 900 @ 990.00p
08:32 373 @ 990.50p
08:32 738 @ 990.00p

LAND Key Personnel

CEO Francis Salway
Chair Alison J Carnwath
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Terms & Conditions

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).