LondonMetric Property Plc (LMP) - Net Assets
Based on the latest financial reports, LondonMetric Property Plc (LMP) has net assets worth GBX4.72 Billion GBX (≈ $573.80K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX7.97 Billion ≈ $969.56K USD) and total liabilities (GBX3.25 Billion ≈ $395.76K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LMP asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX4.72 Billion |
| % of Total Assets | 59.18% |
| Annual Growth Rate | 17.2% |
| 5-Year Change | 137.32% |
| 10-Year Change | 359.13% |
| Growth Volatility | 32.74 |
LondonMetric Property Plc - Net Assets Trend (2008–2025)
This chart illustrates how LondonMetric Property Plc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of LondonMetric Property Plc for the complete picture of this company's asset base.
Annual Net Assets for LondonMetric Property Plc (2008–2025)
The table below shows the annual net assets of LondonMetric Property Plc from 2008 to 2025. For live valuation and market cap data, see LondonMetric Property Plc (LMP) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX4.12 Billion ≈ $501.76K |
+3.89% |
| 2024-03-31 | GBX3.97 Billion ≈ $482.97K |
+98.95% |
| 2023-03-31 | GBX2.00 Billion ≈ $242.76K |
-22.36% |
| 2022-03-31 | GBX2.57 Billion ≈ $312.67K |
+47.89% |
| 2021-03-31 | GBX1.74 Billion ≈ $211.43K |
+20.77% |
| 2020-03-31 | GBX1.44 Billion ≈ $175.07K |
+18.25% |
| 2019-03-31 | GBX1.22 Billion ≈ $148.05K |
+5.86% |
| 2018-03-31 | GBX1.15 Billion ≈ $139.86K |
+14.16% |
| 2017-03-31 | GBX1.01 Billion ≈ $122.51K |
+12.10% |
| 2016-03-31 | GBX898.20 Million ≈ $109.28K |
+3.22% |
| 2015-03-31 | GBX870.15 Million ≈ $105.87K |
+15.12% |
| 2014-03-31 | GBX755.85 Million ≈ $91.97K |
+11.70% |
| 2013-03-31 | GBX676.67 Million ≈ $82.33K |
+5.84% |
| 2012-03-31 | GBX639.34 Million ≈ $77.79K |
-5.10% |
| 2011-03-31 | GBX673.71 Million ≈ $81.97K |
+12.18% |
| 2010-03-31 | GBX600.57 Million ≈ $73.07K |
+105.90% |
| 2009-03-31 | GBX291.68 Million ≈ $35.49K |
+4.96% |
| 2008-03-31 | GBX277.90 Million ≈ $33.81K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to LondonMetric Property Plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 141747.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.14 Billion | 27.75% |
| Common Stock | GBX204.80 Million | 5.00% |
| Other Components | GBX2.75 Billion | 67.25% |
| Total Equity | GBX4.09 Billion | 100.00% |
LondonMetric Property Plc Competitors by Market Cap
The table below lists competitors of LondonMetric Property Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kezar Life Sciences Inc
NASDAQ:KZR
|
$54.03 Million |
|
Introl S.A.
WAR:INL
|
$54.05 Million |
|
GP Global Power Ltd
TA:GPGB
|
$54.05 Million |
|
Kamat Hotels (I) Limited
NSE:KAMATHOTEL
|
$54.06 Million |
|
An Phat Holdings JSC
VN:APH
|
$54.02 Million |
|
Sambu Const
KO:001470
|
$54.01 Million |
|
KWG Group Holdings Limited
F:KOU
|
$53.96 Million |
|
Dinamik Isi Makina Yalitim Malzemeleri Sanayi ve Ticaret AS
IS:DNISI
|
$53.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LondonMetric Property Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,941,500,000 to 4,094,200,000, a change of 152,700,000 (3.9%).
- Net income of 347,900,000 contributed positively to equity growth.
- Dividend payments of 181,400,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,342,000,000.
- Other factors increased equity by 2,346,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX347.90 Million | +8.5% |
| Dividends Paid | GBX181.40 Million | -4.43% |
| Other Comprehensive Income | GBX-2.34 Billion | -57.2% |
| Other Changes | GBX2.35 Billion | +57.32% |
| Total Change | GBX- | 3.87% |
Book Value vs Market Value Analysis
This analysis compares LondonMetric Property Plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 95.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 195.06x to 95.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | GBX0.98 | GBX190.20 | x |
| 2009-03-31 | GBX1.02 | GBX190.20 | x |
| 2010-03-31 | GBX1.40 | GBX190.20 | x |
| 2011-03-31 | GBX1.28 | GBX190.20 | x |
| 2012-03-31 | GBX1.16 | GBX190.20 | x |
| 2013-03-31 | GBX1.21 | GBX190.20 | x |
| 2014-03-31 | GBX1.21 | GBX190.20 | x |
| 2015-03-31 | GBX1.39 | GBX190.20 | x |
| 2016-03-31 | GBX1.44 | GBX190.20 | x |
| 2017-03-31 | GBX1.61 | GBX190.20 | x |
| 2018-03-31 | GBX1.66 | GBX190.20 | x |
| 2019-03-31 | GBX1.74 | GBX190.20 | x |
| 2020-03-31 | GBX1.78 | GBX190.20 | x |
| 2021-03-31 | GBX1.92 | GBX190.20 | x |
| 2022-03-31 | GBX2.73 | GBX190.20 | x |
| 2023-03-31 | GBX2.01 | GBX190.20 | x |
| 2024-03-31 | GBX3.53 | GBX190.20 | x |
| 2025-03-31 | GBX2.00 | GBX190.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LondonMetric Property Plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 87.70%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.61x
- Recent ROE (8.50%) is above the historical average (7.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.15% | 32.40% | 0.00x | 1.09x | GBX-27.38 Million |
| 2009 | 8.24% | 780.11% | 0.01x | 1.26x | GBX-5.13 Million |
| 2010 | 17.66% | 657.16% | 0.02x | 1.23x | GBX46.01 Million |
| 2011 | 6.48% | 120.12% | 0.03x | 1.64x | GBX-23.56 Million |
| 2012 | 0.84% | 15.02% | 0.04x | 1.59x | GBX-58.02 Million |
| 2013 | -1.99% | -32.65% | 0.04x | 1.73x | GBX-81.12 Million |
| 2014 | 16.58% | 211.96% | 0.05x | 1.67x | GBX49.75 Million |
| 2015 | 18.32% | 226.79% | 0.05x | 1.58x | GBX72.44 Million |
| 2016 | 9.21% | 108.59% | 0.05x | 1.70x | GBX-7.10 Million |
| 2017 | 6.26% | 77.41% | 0.05x | 1.53x | GBX-37.69 Million |
| 2018 | 16.18% | 205.75% | 0.05x | 1.59x | GBX71.07 Million |
| 2019 | 9.83% | 148.84% | 0.04x | 1.49x | GBX-2.02 Million |
| 2020 | -0.40% | -5.03% | 0.05x | 1.69x | GBX-148.88 Million |
| 2021 | 14.86% | 210.56% | 0.05x | 1.52x | GBX84.17 Million |
| 2022 | 28.69% | 551.43% | 0.04x | 1.43x | GBX478.53 Million |
| 2023 | -25.74% | -371.19% | 0.04x | 1.56x | GBX-703.03 Million |
| 2024 | 3.01% | 66.69% | 0.03x | 1.64x | GBX-275.45 Million |
| 2025 | 8.50% | 87.70% | 0.06x | 1.61x | GBX-61.52 Million |
Industry Comparison
This section compares LondonMetric Property Plc's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $1,567,246,200
- Average return on equity (ROE) among peers: 30.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LondonMetric Property Plc (LMP) | GBX4.72 Billion | 0.15% | 0.69x | $54.03 Million |
| Tritax Big Box REIT plc (BBOX) | $841.10 Million | 15.93% | 0.49x | $49.51 Million |
| Big Yellow Group PLC (BYG) | $159.17 Million | 18.94% | 1.25x | $21.48 Million |
| Safestore Holdings Plc (SAFE) | $89.63 Million | 87.67% | 4.38x | $17.98 Million |
| Segro Plc (SGRO) | $6.56 Billion | 16.19% | 0.40x | $114.78 Million |
| Warehouse REIT plc (WHR) | $182.33 Million | 12.49% | 0.76x | $5.84 Million |
About LondonMetric Property Plc
LondonMetric Property Plc is the UK's leading triple net lease REIT with a £7 billion portfolio aligned to structurally supported sectors of logistics, healthcare, convenience, entertainment and leisure. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.