LondonMetric Property Plc

Dividend Aristocrat

LMP.L|Real Estate|REIT - Industrial|£1.85|P/E 12.3|MCap 429.6B|LSE

Last update: Mar 23, 2026 at 13:52

About LondonMetric Property Plc

LondonMetric Property Plc is a leading UK Real Estate Investment Trust (REIT) focused on property investment and development. It owns and manages a diversified portfolio of approximately £6.4 billion in real estate, encompassing nearly 600 properties across key sectors such as retail, distribution, logistics, hospitality, and Premier Inn hotels. The company delivers stable, income-led returns through long-term full repairing and insuring (FRI) leases, emphasizing tenant partnerships and sustainability initiatives aligned with Paris Net Zero targets and over 70% Scope 3 emissions coverage. Formed through strategic mergers, including LXi REIT in 2024 and Urban Logistics REIT in 2025, plus recent acquisitions like nine purpose-built Premier Inn hotels in early 2026, LondonMetric Property Plc has strengthened its position as a FTSE 100 constituent. Headquartered in London with around 48 employees, it plays a crucial role in the UK commercial real estate market by supporting occupiers, fostering community resilience, and integrating ESG principles into asset management for long-term value creation.

Dividend Overview

Dividend Yield

6.74%

Annual Dividend

£0.12

Frequency

Quarterly

Payout Ratio

81.88%

FCF Payout Ratio

N/A

Stock Price

£1.85

52-Week Range

£1.67 – £2.16

Dividend Health Score

Safe

Dividend Health Assessment

LMP.L's dividend appears safe and well-supported. Strengths include a 81.9% earnings payout ratio and 42.2% cfo payout ratio. Areas of concern: 0.4x current ratio and 7.2% return on equity. As a Dividend Aristocrat with 25+ consecutive years of increases, LMP.L has a proven commitment to shareholders. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 14 of 14 metrics

Payout & Coverage

Safe

Earnings Payout Ratio

81.9%Safe

FCF Payout Ratio

63.9%Caution

CFO Payout Ratio

42.2%Safe

Interest Coverage

4.1xCaution

Balance Sheet

Caution

Net Debt / Total Assets

31.1%Caution

Current Ratio

0.4xDanger

Debt-to-Equity

65.2Very Safe

Profitability

Safe

Return on Equity

7.2%Warning

Operating Margin

92.1%Very Safe

Gross Margin

98.8%Very Safe

Profit Margin Stability

VolatileWarning

Dividend Track Record

Safe

Dividend Streak

11+ yrsVery Safe

5-Year Dividend CAGR

14.1%Very Safe

Earnings Stability

VolatileWarning

Dividend History (2016–2025)

LMP.L annual dividend per share and yield history

Earnings & Profitability

LMP.L earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

March 12, 2026

Next Payment Date

—

Dividend Growth

3-Year Dividend CAGR

9.48%

5-Year Dividend CAGR

14.14%

10-Year Dividend CAGR

5.88%

3-Year Total Growth

31.22%

5-Year Total Growth

93.75%

10-Year Total Growth

77.14%

This company has increased its dividend for 25+ consecutive years.

Income Calculator

LMP.L Dividend Calculator

Number of Shares

Total Investment

£184.80

Annual Income

£12.40

Quarterly Income

£3.10

Monthly Income

£1.03

Frequently Asked Questions

What is LMP.L's current dividend yield?

LondonMetric Property Plc (LMP.L) currently has a dividend yield of 6.74%, based on a stock price of £1.85 and an annual dividend of £0.12.

When is LMP.L's next dividend payment date?

LMP.L's next ex-dividend date is 2026-03-12 and the next payment date is null. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does LMP.L pay in dividends per year?

LondonMetric Property Plc paid £0.12 per share in annual dividends in 2025. The dividends are paid quarterly.

Has LMP.L been increasing its dividend?

Yes, LondonMetric Property Plc is a 5. Its dividend has grown at a 5-year CAGR of 14.14%, a 3-year CAGR of 9.48%, and a 10-year CAGR of 5.88%.

Is LMP.L's dividend safe?

LondonMetric Property Plc has a payout ratio of 81.88%. The payout ratio is moderate. Monitor earnings to ensure sustainability.

How is LMP.L's Dividend Health Score calculated?

The Dividend Health Score evaluates LondonMetric Property Plc's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.