Land Securities Group PLC (OTCPK:LDSCY)
$ 8.35 0.08 (0.97%) Market Cap: 6.22 Bil Enterprise Value: 10.89 Bil PE Ratio: 44.11 PB Ratio: 0.71 GF Score: 69/100
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Half Year 2025 Land Securities Group PLC Earnings Call Transcript

Nov 15, 2024 / 09:00AM GMT
Release Date Price: $8.11 (+7.77%)
Mark Allan
Land Securities Group PLC - Chief Executive Officer, Executive Director

Well, good morning, everyone. Welcome to the presentation of Landsec's 2024 Half year results. More importantly, welcome to 21 Moorfields, and welcome to the City of London on a Friday morning.

So owning the right real estate has never been more important. Irrespective of sector, there is a clear focus from customers on the best space and our supply of this space is limited, rents are growing.

Our success in positioning Landsec for this is reflected in these positive results. Growth in like-for-like net rental income increased to 3.4%. Our return on equity for the six months of September increased to 3.9%. And we are today increasing our EPS guidance for the full year, which also flows through into future years.

Our active portfolio repositioning over the past year, our past few years, means we continue to significantly outperform the wider market. And we expect the trends which unpin this to persist, and we're also capitalizing on substantial accretive growth potential that we've created.

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