|Bid||882.20 x 262400|
|Ask||882.40 x 24500|
|Day's Range||881.60 - 896.80|
|52 Week Range||784.20 - 967.10|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.45 (4.90%)|
|1y Target Est||N/A|
Smaller malls and retail parks have been battered by the sluggish economy and fierce online competition from companies like Amazon.com Inc., resulting in vacant stores and slumping rents. “Across our top five assets that represent about a third of the portfolio our estimated rental values have been flat,” Simon Carter, British Land Co.’s chief financial officer, said after the company reported the biggest decline in its net asset value for a decade. British Land, a real estate investment trust, wrote down the value of its top five malls including Meadowhall in Sheffield by about 8 percent even though rents mostly held steady, Carter said by phone on Wednesday.
By Shashwat Awasthi and Yadarisa Shabong (Reuters) - British shares surged on Tuesday as investors grew optimistic about a U.S.-China trade deal after U.S. President Donald Trump vowed it would happen ...
The declining values led Landsec, which was formerly known as Land Securities, to a £123m loss for the year, worse than the £42m loss a year earlier. Revenue profit, a measure that excludes swings in property values, was up 8.9 per cent to £442m, however.
● Thyssenkrupp rebounded from a five-year low to lead the Stoxx 600 gainers after the steelmaker scrapped break-up plans and proposed instead to separately list its lifts division. Guido Kerkhoff, Thyssen chief executive, ditched a planned split of the group into industrials and materials companies ahead of a likely European Commission rejection of its proposed European steel joint venture with Tata of India. “Elevators has been long held as the crown jewel in Thyssen’s portfolio, contributing a significant portion of earnings,” said Jefferies, which put an enterprise value on the division of up to €14bn.
"2018 has been an eventful and challenging year for Intu," said Chief Executive David Fischel in a statement, noting Intu's shares had slumped to a virtually unprecedented 60 percent discount to the underlying net value of its assets. Blue chip rivals Hammerson, British Land and Land Securities were also in the red. Intu hopes to push its current debt to assets ratio of 53.1 percent to below its 50 percent maximum target over time and wants to conserve cash.
Land Securities Group plc is a UK£6.0b mid-cap, real estate investment trust (REIT) based in London, United Kingdom. REITs are basically a portfolio of income-producing real estate investments, which are Read More...
"Structural and cyclical challenges have combined to create tough conditions for retailers," the company, which manages the Bluewater shopping centre in southeast England, said. The developer, having previously considered building apartments to overcome some of the challenges the retail market faces, said it would submit planning applications for over 1,700 homes at two suburban London location under its planned mixed use development. The company also cited an increase in adverse market conditions as Britain continues its negotiations on its exit from the European Union.
Rob Noel became the CEO of Land Securities Group plc (LON:LAND) in 2012. First, this article will compare CEO compensation with compensation at similar sized companies. Then we’ll look at Read More...
Sterling rallied by more than a percent to cross the $1.30 line for the first time in three weeks on Wednesday after the European Union's chief Brexit negotiator signaled an accomodative stance towards the United Kingdom in ongoing talks. Michel Barnier said the bloc was prepared to offer Britain an unprecedentedly close relationship after it quits the EU, but it would not permit anything that weakened the body's single market. "I think people are viewing this as a sign that there's going to be some sort of close-ish cooperation between the European Union and the UK after the UK leaves but this is a turning point," said David Madden, markets analyst at CMC Markets.
Investors are ditching British real estate as Brexit uncertainty, rising interest rates and inflation erode house prices and office values in a market hurtling towards a potentially messy exit from the European Union. Shorting real estate investment trust (REIT) stocks is gaining in popularity, as the government publishes plans to cope with any disruption if Britain and the EU can't agree on the terms of its departure . The list of the UK's top 50 most shorted stocks is peppered with real estate names.
Intu's update follows a failed 3.4 billion-pound takeover bid by rival Hammerson (HMSO.L) in April and a string of bankruptcies of retailers that has hit the company hard. The company said it now expects like-for-like net rental income growth to be at the lower end of its previous range of 1.5 percent to 2.5 percent. Intu warned in April that it would be hit by a number of administrations and restructurings initiated by tenants, including New Look, Toys R Us and Prezzo, estimating the impact to be about 3.9 million pounds in 2018.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Land Securities Group plc (LON:LAND) has returned to shareholders overRead More...
MILAN (Reuters) - Britain's top share index fell on Thursday as sterling bounced from seven-month lows following a Bank of England policy vote that bolstered expectations of a rate hike in August. As widely ...
Land Securities Group plc (LSE:LAND) is a UK£7.05B real estate investment trust (REIT), which is a collective vehicle for investing in real estate that originated in the US and hasRead More...