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LondonMetric Property ( (GB:LMP) ) just unveiled an announcement.
LondonMetric Property Plc announced the sale of ten non-core properties for £74.2 million, achieving a NIY of 6.9%, and the acquisition of seven properties for £50.1 million, expected to yield a NIY of 7.2% over five years. These transactions reflect LondonMetric’s strategy of divesting from non-core assets while reinvesting in high-quality properties with strong rental growth prospects, thereby enhancing its portfolio and solidifying its market position.
More about LondonMetric Property
LondonMetric Property Plc is the UK’s leading triple net lease Real Estate Investment Trust (REIT) with a £6 billion portfolio. It is focused on sectors such as logistics, healthcare, convenience, entertainment, and leisure. The company owns and manages high-demand real estate that provides reliable, growing income-led returns, aiming to outperform in the long term.
YTD Price Performance: -3.66%
Average Trading Volume: 5,584,390
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.53B
See more data about LMP stock on TipRanks’ Stock Analysis page.
