Land Securities Group plc REIT ( (GB:LAND) ) has provided an update.
Landsec announced a strategic update during its capital markets event, highlighting its focus on income and EPS growth to enhance return on equity. The company plans to rebalance its portfolio by increasing investments in retail and residential sectors while reducing its office assets. This shift aims to deliver sustainable income growth, with a projected 20% increase in EPS by FY30. Landsec’s operational performance remains strong, with growing occupancy and rental income in its retail and office portfolios. The company expects to achieve a 4% like-for-like net rental income growth this year and anticipates FY25 EPS to surpass last year’s level, driven by positive momentum and strategic acquisitions.
More about Land Securities Group plc REIT
Land Securities Group plc, known as Landsec, is one of the largest real estate companies in Europe. The company focuses on building and investing in retail, leisure, workspace, and residential hubs, with a strong emphasis on environmental and social sustainability. Landsec aims to create sustainable places, connect communities, and deliver value for shareholders while providing positive experiences for guests and fostering community change.
YTD Price Performance: 0.18%
Average Trading Volume: 2,577,930
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £4.27B
For an in-depth examination of LAND stock, go to TipRanks’ Stock Analysis page.