Land Securities Group plc (LAND.L) stock analysis

In our weekly check, Land Securities Group plc is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 5.

About Land Securities Group plc

Land Securities Group plc is a Real Estate company (REIT - Diversified) based in the United Kingdom, listed on LSE as LAND.L.

What our checks show for LAND.L

Red flags

• Net debt is 9.3x a year of EBITDA (debt/equity 0.69). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 89.5 points over 5 years, to 38.5%: the company keeps less of each sale as profit.
• Analysts expect revenue to shrink about 6.4% a year.
• The stock has fallen as much as 83% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 3.9%.

Warning signs

• Operating cash flow is only 0.62x net profit: part of the reported profit does not arrive as cash.
• Revenue grew only 4.1% a year over the last 3 years.
• Earnings per share fell 18.2% a year over the last 3 years.
• Free cash flow covers the dividend only 0.3 times.
• The stock is still below its previous peak.

Strengths

• The gross margin is 57.8% and has risen by 3.1 points: pricing power is holding.
• Analysts expect the net margin to improve by 21.4 points from today's 38.5%.
• The company keeps 38.5% of its revenue as net profit.
• The price is 14.3 times earnings (P/E), reasonable for its growth.
• Actively traded: about 3.7 million shares a day.
• Pay in shares is only 13.4% of free cash flow.

Next earnings report: 2026-11-13

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Questions

What grade does Land Securities Group plc (LAND.L) have?

In our weekly check, Land Securities Group plc is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of LAND.L stock?

This week's biggest flags for Land Securities Group plc: High debt, Margins falling, Weak revenue forecast. In total 10 of 24 checks show a warning or a red flag.

What does Land Securities Group plc do?

Land Securities Group plc is a Real Estate company (REIT - Diversified) based in the United Kingdom, listed on LSE as LAND.L.

When does Land Securities Group plc report earnings next?

The next earnings report is expected on 2026-11-13. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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