Land Securities Group Plc

678.00pAs of Sun 8 Nov 2026, 12:00 UTC

LSE:LANDReal Estate

Ctry United Kingdom

PE (Fwd) •••

TSR 10Y CAGR 1.13%

Div yield 6.55%

ROE 5.26%

REIT (Diversified)

Beta (5Y) 1.22

PE TTM 14.77

TSR TTM 16.54%

Mkt cap £5.588B

ROIC 3.88%

SE Grade™

Value

Quality

Moat

Consensus

Reference

711p

4.93%

41.52%

Hold 7|11|11|7|12

TTM

FYE 31 Mar GBP

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

1.018

Revenue£B

0.936

0.952

0.961

0.966

0.988

1.011

1.026

1.034

1.074

1.094

1.119

2.06%

1.74%

28.34

Revenue growth%

20.87

23.21

24.65

26.72

26.31

25.45

22.93

22.77

20.18

18.52

3.28

22.77

23.07

14.83

Gross margin%

16.15

18.31

21.03

23.22

20.95

18.16

19.49

16.74

18.43

20.54

12.36

18.43

18.96

23.31

Operating margin%

1.03

0.40

0.93

0.40

1.77

1.20

0.40

2.88

0.85

25.84

1.20

0.89

26.56

Net margin%

8.02

6.59

8.49

8.63

7.21

9.18

6.52

4.03

4.11

1.39

2.04

4.11

6.90

16.92

P/E ratio (avg)x

11.38

11.20

12.09

11.49

12.43

12.13

10.63

11.51

10.54

9.674

22.32

10.63

11.43

12.43

EV/EBITx

11.11

10.77

10.28

11.50

12.63

13.62

12.84

14.24

13.57

14.64

23.95

13.62

12.73

7.92

FCF yield (avg)%

27.74

27.17

29.81

29.89

30.88

31.67

31.66

31.08

28.39

30.57

20.99

31.08

30.23

21.10

FCF margin%

7.25

5.63

8.17

5.82

6.39

8.12

10.41

7.60

8.48

6.00

17.34

8.12

7.43

0.566

FCF / Net incomex

2.206

2.339

2.403

2.504

2.605

2.875

3.285

3.311

3.745

1.427

3.285

2.740

9.78

ROIC%

15.57

15.84

15.85

14.48

16.89

16.35

15.33

12.40

14.02

16.33

17.91

15.33

15.70

25.02

Return on equity%

20.73

18.78

16.25

18.67

21.47

19.84

20.75

23.21

20.76

20.69

9.62

20.75

20.71

18.36

Return on assets%

31.86

31.35

32.58

33.05

32.63

33.23

31.48

32.08

30.09

30.91

19.05

31.48

31.97

0.95

EPS£

0.45

0.42

0.38

0.40

0.42

0.36

0.37

0.38

0.35

1.00

(3.61%)

(3.96%)

—

6.01

EPS growth%

12.95

14.63

17.19

16.32

14.22

11.74

10.55

12.04

9.78

10.88

18.70

10.88

12.49

1.08

Bookvalue per sh£

1.12

1.15

1.11

1.24

1.21

1.19

1.21

1.22

1.29

1.10

1.29%

3.03%

—

0.35

FCF per share£

1.55

1.60

1.45

1.48

1.38

1.43

1.31

1.46

1.60

1.75

0.50

4.91%

2.11%

—

1.18

Dividend per sh£

0.32

0.29

0.32

0.30

0.32

0.31

0.33

0.35

0.33

0.37

0.75

2.88%

2.55%

—

26.08

Div yield (avg)%

5.01

7.24

5.18

6.27

5.74

2.96

2.42

0.40

2.22

6.87

2.22

3.98

26.93

Payout ratio%

11.77

14.20

15.53

13.95

15.93

16.93

18.21

16.97

14.78

15.42

12.78

16.93

15.48

0.838

Shares (diluted)B

0.962

1.078

0.982

0.994

1.068

1.050

0.929

0.880

0.882

0.974

0.803

(1.82%)

0.02%

2.37

Buyback yield%

10.53

11.12

12.16

9.84

8.06

8.34

11.29

13.99

15.35

12.57

6.62

12.57

11.20

1.013

D/E ratiox

0.641

0.632

0.640

0.688

0.686

0.596

0.514

0.529

0.537

0.120

0.537

0.636

969.0

Enterprise value£M

853.8

810.6

847.7

823.1

877.9

928.2

929.0

786.9

771.8

831.6

511.3

(1.08%)

(0.38%)

1.099

LT debt£B

1.632

1.641

1.802

1.864

1.842

1.706

1.782

1.834

2.013

2.238

0.615

3.97%

4.29%

Peers (US$7.519B)

Cap (US$)

British Land Company…

5.940B

9.506x

Unite Group PLC

3.413B

—

Custodian Property…

545.0M

7.981x

Fibra UNO

7.503B

5.483x

Capital

TTM

10Y

Leveragex

5.109

0.192

0.148

EBIT/Intx

1.548

0.113

0.138

Own earn%

(13.50)

57.02

67.54

Sh yield%

28.45

14.39

15.16

Owners

Insiders/Inst%

6.69

37.70

Short interest%

1.31

SBC / revenue%

5.75

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–3

$1 testx

−0.3

Incr. ROIC%

Land Securities Group Plc identify and shape places that create opportunities, enhance quality of life, and bring joy to the people connected to them. This is how they created the leading portfolio of urban places in UK and one of the largest real estate companies in Europe.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

£1.094B

1.74%

1.00×

Cost of revenue

£621.2M

1.86%

1.01×

Operating expenses

£153.9M

1.53%

0.98×