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Land Securities Group plc REIT (GB:LAND)
LSE:LAND

Land Securities Group plc REIT (LAND) AI Stock Analysis

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Land Securities Group plc REIT

(LSE:LAND)

52Neutral
Land Securities Group plc has a modest stock score of 52. Strengths include resilient cash flow and management's strategic shifts towards retail and residential growth, supported by positive corporate engagement. However, challenges such as declining profitability, potential overvaluation, and technical weakness due to below-average trading levels weigh heavily. Addressing operational inefficiencies and improving transparency could enhance future performance.
Positive Factors
Earnings Growth
Management is increasing EPS guidance, indicating that the company is well placed to deliver growth and attractive returns.
Share Re-rating
The 8-10% total accounting returns Landsec has been guiding to suggest that a further share re-rating is likely, as the NAV trough now seems behind.
Negative Factors
Stock Valuation
LandSec's shares are trading at a 33% discount to the end-September NTA announced today, aligned with peer British Land.

Land Securities Group plc REIT (LAND) vs. S&P 500 (SPY)

Land Securities Group plc REIT Business Overview & Revenue Model

Company DescriptionLand Securities Group plc (Landsec) is a leading real estate investment trust (REIT) headquartered in the United Kingdom. The company specializes in owning, developing, and managing commercial properties across various sectors, including retail, office, and mixed-use developments. Landsec's portfolio primarily comprises office buildings in London, regional retail centers, and retail parks, making it one of the largest commercial property companies in the UK.
How the Company Makes MoneyLandsec generates revenue primarily through rental income from its diverse portfolio of properties. The company leases its office spaces, retail outlets, and other commercial properties to a wide range of tenants, including multinational corporations, retailers, and local businesses. This rental income forms the core of Landsec's revenue stream. Additionally, Landsec engages in property development and redevelopment projects, which can lead to capital appreciation and increased rental yields. The company also occasionally sells properties as part of its asset management strategy, generating profits from the disposal of assets. Strategic partnerships and joint ventures with other real estate developers or financial institutions further enhance Landsec's ability to undertake large-scale projects and optimize its portfolio performance.

Land Securities Group plc REIT Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
824.00M791.00M687.00M635.00M741.00M
Gross Profit
500.00M587.00M541.00M474.00M531.00M
EBIT
-227.00M456.00M407.00M306.00M463.00M
EBITDA
-231.00M464.00M414.00M308.00M466.00M
Net Income Common Stockholders
-319.00M-619.00M869.00M-1.39B-832.00M
Balance SheetCash, Cash Equivalents and Short-Term Investments
78.00M46.00M150.00M15.00M1.36B
Total Assets
10.66B10.97B12.89B10.99B14.36B
Total Debt
3.78B3.54B4.55B3.52B5.33B
Net Debt
3.70B3.49B4.40B3.51B3.98B
Total Liabilities
4.22B3.89B4.90B3.78B5.61B
Stockholders Equity
6.40B7.00B7.92B7.21B8.75B
Cash FlowFree Cash Flow
212.00M254.00M361.00M31.00M269.00M
Operating Cash Flow
338.00M356.00M403.00M249.00M470.00M
Investing Cash Flow
-272.00M820.00M-625.00M318.00M-185.00M
Financing Cash Flow
-29.00M-1.28B362.00M-1.91B1.02B

Land Securities Group plc REIT Technical Analysis

Technical Analysis Sentiment
Negative
Last Price522.00
Price Trends
50DMA
561.56
Negative
100DMA
564.37
Negative
200DMA
587.08
Negative
Market Momentum
MACD
-3.73
Positive
RSI
46.12
Neutral
STOCH
41.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LAND, the sentiment is Negative. The current price of 522 is below the 20-day moving average (MA) of 551.70, below the 50-day MA of 561.56, and below the 200-day MA of 587.08, indicating a bearish trend. The MACD of -3.73 indicates Positive momentum. The RSI at 46.12 is Neutral, neither overbought nor oversold. The STOCH value of 41.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:LAND.

Land Securities Group plc REIT Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBUTG
78
Outperform
£3.89B8.289.95%4.52%7.75%276.67%
GBDLN
73
Outperform
£1.94B16.763.29%4.62%3.73%
71
Outperform
£8.34B13.805.18%4.75%-9.88%
65
Neutral
£3.40B18.673.17%6.71%-30.83%
61
Neutral
$4.26B15.61-3.60%11.29%6.17%-21.11%
52
Neutral
£3.77B35.721.61%7.87%-1.73%
50
Neutral
£1.07B-2.09%6.97%6.08%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:LAND
Land Securities Group plc REIT
522.00
-67.24
-11.41%
GB:HMSO
Hammerson plc R.E.I.T.
235.00
-25.84
-9.91%
GB:SGRO
Segro plc (REIT)
624.00
-204.19
-24.65%
GB:UTG
Unite Group plc
817.50
-69.80
-7.87%
GB:DLN
Derwent London plc REIT
1,764.00
-215.30
-10.88%
GB:BLND
British Land Company plc
331.00
-29.49
-8.18%

Land Securities Group plc REIT Corporate Events

Other
Land Securities CFO Increases Stake Through Share Incentive Plan
Positive
Apr 9, 2025

Land Securities Group PLC announced a transaction involving Vanessa Simms, the Chief Financial Officer, who acquired additional shares under the company’s Share Incentive Plan. This transaction reflects ongoing engagement and investment by senior management in the company, potentially signaling confidence in its future performance and aligning management’s interests with those of shareholders.

Spark’s Take on GB:LAND Stock

According to Spark, TipRanks’ AI Analyst, GB:LAND is a Neutral.

Land Securities Group plc shows resilience in cash flow and strategic shifts towards growth areas, such as retail and residential sectors. However, financial challenges with declining profitability and overvaluation concerns weigh on the overall score. Improvements in operational efficiency and governance are needed to bolster market confidence.

To see Spark’s full report on GB:LAND stock, click here.

Business Operations and StrategyRegulatory Filings and Compliance
Land Securities Group PLC Announces Change in Voting Rights
Neutral
Apr 2, 2025

Land Securities Group PLC, a major player in the UK real estate sector, has announced a change in its voting rights structure due to BlackRock, Inc.’s acquisition or disposal of voting rights. BlackRock, a prominent investment management corporation based in the USA, now holds a total of 10.27% of voting rights in Land Securities Group PLC, reflecting a slight decrease from the previous notification. This adjustment in voting rights could influence the company’s governance and strategic decisions, impacting stakeholders and potentially altering its market position.

Regulatory Filings and Compliance
Land Securities Group PLC Updates on Share Capital and Voting Rights
Neutral
Apr 1, 2025

Land Securities Group PLC announced that as of March 31, 2025, its issued ordinary share capital comprised 751,732,064 shares, with 6,789,236 shares held in Treasury. Consequently, the total number of voting rights available is 744,942,828. This information is crucial for shareholders to determine their notification obligations under the Disclosure Guidance and Transparency Rules, potentially impacting shareholder engagement and regulatory compliance.

Business Operations and Strategy
BlackRock Adjusts Voting Rights in Land Securities Group
Neutral
Mar 28, 2025

Land Securities Group PLC, a UK-based real estate investment trust, has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. BlackRock’s total voting rights in the company have decreased slightly from 10.43% to 10.36%, reflecting a minor adjustment in its holdings. This change in voting rights could have implications for the company’s governance and decision-making processes, as BlackRock remains a significant stakeholder.

Executive/Board ChangesBusiness Operations and Strategy
Landsec Announces New Board Appointments and Retirement
Neutral
Mar 21, 2025

Landsec has announced the appointment of Michael Campbell and Anne Richards as Independent Non-executive Directors, with Campbell joining on May 1, 2025, and Richards on September 1, 2025. These appointments bring significant expertise in real estate investment and asset management to the board, aligning with Landsec’s strategic vision for 2030. Concurrently, Madeleine Cosgrave will retire from the Board and Audit Committee in July 2025, after contributing valuable real estate insights during her tenure.

Business Operations and StrategyRegulatory Filings and Compliance
BlackRock Adjusts Stake in Land Securities Group PLC
Neutral
Mar 20, 2025

BlackRock, Inc. has adjusted its holdings in Land Securities Group PLC, crossing a significant threshold with a total of 10.35% voting rights. This change reflects a slight decrease from the previous position, impacting the company’s shareholder structure and potentially influencing its strategic decisions.

Business Operations and StrategyRegulatory Filings and Compliance
Land Securities Group PLC Discloses Late Notification of CEO’s Share Transaction
Negative
Mar 17, 2025

Land Securities Group PLC announced a late notification regarding a transaction by its CEO, Mark Allan, involving dividend shares received under the company’s Share Incentive Plan. The transaction, which was not announced at the dividend effective date due to an administrative oversight, resulted in Allan holding 537,951 ordinary shares valued at approximately £3,034,043.64. This announcement highlights the importance of timely disclosures and transparency in corporate governance, potentially impacting stakeholders’ trust and the company’s market perception.

Business Operations and StrategyRegulatory Filings and Compliance
Land Securities Announces Late Notification of Share Options Grant
Neutral
Mar 17, 2025

Land Securities Group PLC announced a late notification regarding the grant of share options under its 2024 Sharesave scheme, which was initially made available to UK employees. An administrative oversight delayed the announcement of the grant, which included 3,501 options for Chief Financial Officer Vanessa Simms. This transaction reflects the company’s ongoing efforts to incentivize its management team and align their interests with shareholders, potentially impacting the company’s operational focus and stakeholder relations.

Business Operations and Strategy
BlackRock Adjusts Holdings in Land Securities Group PLC
Neutral
Mar 13, 2025

Land Securities Group PLC, a prominent UK-based real estate investment trust, has been notified of a change in major holdings by BlackRock, Inc. BlackRock, a leading global investment management corporation, has adjusted its voting rights in Land Securities Group PLC to a total of 10.44%, slightly down from a previous position of 10.45%. This adjustment in holdings may have implications for the company’s shareholder dynamics and voting power distribution, reflecting BlackRock’s strategic positioning within the real estate sector.

Business Operations and StrategyRegulatory Filings and Compliance
Land Securities Announces Change in BlackRock’s Voting Rights
Neutral
Mar 12, 2025

Land Securities Group PLC has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. As of March 11, 2025, BlackRock’s total voting rights in the company decreased to 10.45% from a previous position of 10.56%. This adjustment in voting rights may impact the company’s governance and decision-making processes, reflecting BlackRock’s strategic investment decisions.

Business Operations and Strategy
Land Securities CFO Engages in Share Incentive Plan Transaction
Positive
Mar 5, 2025

Land Securities Group PLC announced a transaction involving Vanessa Simms, the Chief Financial Officer, who acquired ordinary shares as part of the company’s Share Incentive Plan. This transaction reflects the company’s ongoing commitment to aligning managerial interests with shareholder value, potentially impacting stakeholder confidence and market perception positively.

Business Operations and Strategy
BlackRock Adjusts Holdings in Land Securities Group
Neutral
Mar 3, 2025

Land Securities Group PLC, a UK-based real estate investment trust (REIT), has announced a change in major holdings. BlackRock, Inc., a major shareholder, has adjusted its voting rights in the company, now holding 10.56% of the total voting rights. This adjustment reflects a slight increase from the previous position and may influence the company’s strategic decisions and shareholder dynamics.

Regulatory Filings and Compliance
Land Securities Group PLC Updates on Voting Rights and Share Capital
Neutral
Mar 3, 2025

Land Securities Group PLC announced that as of February 28, 2025, its issued ordinary share capital comprised 751,730,928 shares, with 6,789,236 shares held in Treasury. The voting rights for these Treasury shares have been waived, resulting in a total of 744,941,692 voting rights. This information is crucial for shareholders to determine their notification requirements under the Disclosure Guidance and Transparency Rules.

Business Operations and StrategyFinancial Disclosures
Landsec Unveils Strategic Shift Towards Retail and Residential Growth
Positive
Feb 27, 2025

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.

Executive/Board Changes
Miles Roberts Appointed Non-executive Director at RS Group PLC
Neutral
Feb 21, 2025

Land Securities Group PLC, known as Landsec, announced that Miles Roberts, a Non-executive Director of the company, has been appointed as a Non-executive Director of RS Group PLC effective from March 1, 2025. This move indicates a strengthening of ties between Landsec and RS Group PLC, potentially enhancing Landsec’s strategic positioning through Miles Roberts’ involvement in key committees at RS Group.

Other
Land Securities CFO Engages in Share Transactions
Neutral
Feb 7, 2025

Land Securities Group PLC has announced transactions involving its Chief Financial Officer, Vanessa Simms, concerning the purchase and award of shares under the company’s Share Incentive Plan. These transactions, which took place on the London Stock Exchange, are part of ongoing managerial activities and reflect the company’s commitment to aligning management interests with shareholder value.

Regulatory Filings and Compliance
Land Securities Updates on Voting Rights and Share Capital
Neutral
Feb 3, 2025

Land Securities Group PLC, a prominent player in the real estate sector, has announced its current voting rights and share capital structure in compliance with the Disclosure Guidance and Transparency Rules. As of January 31, 2025, the company has an issued ordinary share capital of 751,727,140 shares, with 6,789,236 of those held in Treasury, thereby waiving their voting rights and dividend entitlements. This results in a total of 744,937,904 voting rights available to shareholders, a key figure for investors tracking changes in their interest in Land Securities Group PLC.

DividendsBusiness Operations and Strategy
Landsec Confirms Third Interim Dividend Payment
Positive
Jan 31, 2025

Land Securities Group PLC has announced a third interim dividend of 9.5p per Ordinary Share for the financial year ending 31 March 2025, to be paid on 11 April 2025. This dividend will be distributed as a Property Income Distribution to shareholders registered by 21 February 2025. The announcement underscores Landsec’s commitment to providing returns to its stakeholders, with the option for shareholders to reinvest dividends through a Dividend Reinvestment Plan managed by Equiniti Financial Services Limited, indicating a strategic move to enhance shareholder value.

BlackRock Adjusts Stake in Land Securities Group
Jan 16, 2025

Land Securities Group PLC announced a change in the voting rights held by BlackRock, Inc., which has reduced its holding from 11.13% to 10.55%. This adjustment in BlackRock’s position may influence stakeholder perceptions and strategic decisions within the company, highlighting the dynamic nature of investment and ownership in the real estate sector.

BlackRock Increases Stake in Land Securities Group
Jan 15, 2025

Land Securities Group plc has announced a change in the voting rights held by BlackRock, Inc., a major stakeholder. As of January 13, 2025, BlackRock’s voting rights in the company increased to 11.13%, up from a previous 10.5%. This change could affect the company’s governance and decision-making processes, indicating BlackRock’s growing influence within the company.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.