LondonMetric Property Plc (LMP.L) stock analysis

In our weekly check, LondonMetric Property Plc is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 6, red flags: 3.

About LondonMetric Property Plc

LondonMetric Property Plc is a Real Estate company (REIT - Diversified) based in the United Kingdom, listed on LSE as LMP.L.

What our checks show for LMP.L

Red flags

• Net debt is 6.2x a year of EBITDA (debt/equity 0.63). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 488 points over 5 years, to 63.6%: the company keeps less of each sale as profit.
• The share count grew by 103% in 2 years: each shareholder owns a smaller slice.

Warning signs

• Operating profit covers interest only 3.4 times: a weak year could make the payments hard.
• Analysts expect only about 4.8% a year of growth in revenue.
• Earnings per share fell 37% a year over the last 3 years.
• The stock has fallen as much as 45% from a peak. Would you have held through that?
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 5.2%.

Strengths

• Analysts expect the net margin to improve by 4.6 points from today's 63.6%.
• Revenue grew 50.5% a year over the last 3 years.
• The company keeps 63.6% of its revenue as net profit.
• Free cash flow is 50.9% of revenue: cash for dividends, buybacks or growth.
• The price is 14.2 times earnings (P/E), reasonable for its growth.
• The price moves calmly: 18.5% annual volatility.

Next earnings report: 2026-11-24

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Questions

What grade does LondonMetric Property Plc (LMP.L) have?

In our weekly check, LondonMetric Property Plc is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 6, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of LMP.L stock?

This week's biggest flags for LondonMetric Property Plc: High debt, Margins falling, Share dilution. In total 9 of 24 checks show a warning or a red flag.

What does LondonMetric Property Plc do?

LondonMetric Property Plc is a Real Estate company (REIT - Diversified) based in the United Kingdom, listed on LSE as LMP.L.

When does LondonMetric Property Plc report earnings next?

The next earnings report is expected on 2026-11-24. 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 2026-10-31

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