Land Securities Group plc
We identify and shape places that create opportunity, enhance quality of life, and bring joy to the people connected to them. This is how we've created the UK's leading portfolio of urban places and one of the largest real estate companies in Europe. Our £10 billion portfolio is built around premium workplaces, the country's pre-eminent retail platform, and a residential pipeline that will redefi… Read more
Land Securities Group plc (LSGOF) - Net Assets
Latest net assets as of September 2025: $6.43 Billion USD
Based on the latest financial reports, Land Securities Group plc (LSGOF) has net assets worth $6.43 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.58 Billion) and total liabilities ($5.15 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.43 Billion |
| % of Total Assets | 55.55% |
| Annual Growth Rate | 2.94% |
| 5-Year Change | -34.35% |
| 10-Year Change | -44.17% |
| Growth Volatility | 18.2 |
Land Securities Group plc - Net Assets Trend (1986–2025)
This chart illustrates how Land Securities Group plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Land Securities Group plc (1986–2025)
The table below shows the annual net assets of Land Securities Group plc from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $6.53 Billion | +1.32% |
| 2024-03-31 | $6.45 Billion | -26.08% |
| 2023-03-31 | $8.72 Billion | -16.89% |
| 2022-03-31 | $10.49 Billion | +5.47% |
| 2021-03-31 | $9.95 Billion | -8.29% |
| 2020-03-31 | $10.85 Billion | +9.37% |
| 2019-03-31 | $9.92 Billion | -4.49% |
| 2018-03-31 | $10.39 Billion | -9.81% |
| 2017-03-31 | $11.52 Billion | -1.56% |
| 2016-03-31 | $11.70 Billion | +10.30% |
| 2015-03-31 | $10.61 Billion | +25.99% |
| 2014-03-31 | $8.42 Billion | +12.44% |
| 2013-03-31 | $7.49 Billion | +4.63% |
| 2012-03-31 | $7.16 Billion | +5.04% |
| 2011-03-31 | $6.81 Billion | +19.75% |
| 2010-03-31 | $5.69 Billion | +18.02% |
| 2009-03-31 | $4.82 Billion | -49.70% |
| 2008-03-31 | $9.58 Billion | -11.20% |
| 2007-03-31 | $10.79 Billion | +44.00% |
| 2006-03-31 | $7.49 Billion | +23.86% |
| 2005-03-31 | $6.05 Billion | +0.20% |
| 2004-03-31 | $6.04 Billion | +8.55% |
| 2003-03-31 | $5.56 Billion | -7.84% |
| 2002-03-31 | $6.04 Billion | +0.31% |
| 2001-03-31 | $6.02 Billion | +4.08% |
| 2000-03-31 | $5.78 Billion | +5.69% |
| 1999-03-31 | $5.47 Billion | +9.38% |
| 1998-03-31 | $5.00 Billion | +23.89% |
| 1997-03-31 | $4.04 Billion | +14.55% |
| 1996-03-31 | $3.52 Billion | -0.26% |
| 1995-03-31 | $3.53 Billion | +2.34% |
| 1994-03-31 | $3.45 Billion | +35.72% |
| 1993-03-31 | $2.54 Billion | -9.14% |
| 1992-03-31 | $2.80 Billion | -16.93% |
| 1991-03-31 | $3.37 Billion | -23.94% |
| 1990-03-31 | $4.43 Billion | +2.91% |
| 1989-03-31 | $4.31 Billion | +28.03% |
| 1988-03-31 | $3.36 Billion | +36.94% |
| 1987-03-31 | $2.46 Billion | +16.28% |
| 1986-03-31 | $2.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Land Securities Group 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 4702.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.08 Billion | 93.41% |
| Common Stock | $80.00 Million | 1.23% |
| Other Components | $349.00 Million | 5.36% |
| Total Equity | $6.51 Billion | 100.00% |
Land Securities Group plc Competitors by Market Cap
The table below lists competitors of Land Securities Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compañía de Minas Buenaventura S.A.A
F:MBU
|
$5.20 Billion |
|
Davide Campari Milano SpA
IL:0ROY
|
$5.20 Billion |
|
Endeavor Group Holdings Inc
NYSE:EDR
|
$5.21 Billion |
|
SK Innovation
KO:096770
|
$5.21 Billion |
|
NewJersey Resources Corporation
NYSE:NJR
|
$5.19 Billion |
|
Hengli Petrochemical Co Ltd
SHG:600346
|
$5.19 Billion |
|
Everus Construction Group Inc
NYSE:ECG
|
$5.18 Billion |
|
Ingenic Semiconductor
SHE:300223
|
$5.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Land Securities Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,402,000,000 to 6,514,000,000, a change of 112,000,000 (1.7%).
- Net income of 396,000,000 contributed positively to equity growth.
- Dividend payments of 305,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 23,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $396.00 Million | +6.08% |
| Dividends Paid | $305.00 Million | -4.68% |
| Other Comprehensive Income | $-23.00 Million | -0.35% |
| Other Changes | $44.00 Million | +0.68% |
| Total Change | $- | 1.75% |
Book Value vs Market Value Analysis
This analysis compares Land Securities Group 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: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.78x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-03-31 | $3.98 | $7.08 | x |
| 1987-03-31 | $4.63 | $7.08 | x |
| 1988-03-31 | $6.33 | $7.08 | x |
| 1989-03-31 | $8.11 | $7.08 | x |
| 1990-03-31 | $8.34 | $7.08 | x |
| 1991-03-31 | $6.34 | $7.08 | x |
| 1992-03-31 | $5.26 | $7.08 | x |
| 1993-03-31 | $4.78 | $7.08 | x |
| 1994-03-31 | $6.47 | $7.08 | x |
| 1995-03-31 | $6.57 | $7.08 | x |
| 1996-03-31 | $6.55 | $7.08 | x |
| 1997-03-31 | $7.48 | $7.08 | x |
| 1998-03-31 | $8.50 | $7.08 | x |
| 1999-03-31 | $8.80 | $7.08 | x |
| 2000-03-31 | $9.36 | $7.08 | x |
| 2001-03-31 | $10.31 | $7.08 | x |
| 2002-03-31 | $10.33 | $7.08 | x |
| 2003-03-31 | $10.68 | $7.08 | x |
| 2004-03-31 | $12.28 | $7.08 | x |
| 2005-03-31 | $12.24 | $7.08 | x |
| 2006-03-31 | $15.11 | $7.08 | x |
| 2007-03-31 | $21.76 | $7.08 | x |
| 2008-03-31 | $17.55 | $7.08 | x |
| 2009-03-31 | $9.90 | $7.08 | x |
| 2010-03-31 | $8.02 | $7.08 | x |
| 2011-03-31 | $9.49 | $7.08 | x |
| 2012-03-31 | $9.84 | $7.08 | x |
| 2013-03-31 | $10.21 | $7.08 | x |
| 2014-03-31 | $11.40 | $7.08 | x |
| 2015-03-31 | $14.26 | $7.08 | x |
| 2016-03-31 | $15.74 | $7.08 | x |
| 2017-03-31 | $15.53 | $7.08 | x |
| 2018-03-31 | $13.58 | $7.08 | x |
| 2019-03-31 | $13.41 | $7.08 | x |
| 2020-03-31 | $14.66 | $7.08 | x |
| 2021-03-31 | $13.45 | $7.08 | x |
| 2022-03-31 | $14.01 | $7.08 | x |
| 2023-03-31 | $11.67 | $7.08 | x |
| 2024-03-31 | $8.64 | $7.08 | x |
| 2025-03-31 | $8.72 | $7.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Land Securities Group 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): 6.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 47.60%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.78x
- Recent ROE (6.08%) is above the historical average (2.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 3.76% | 47.83% | 0.06x | 1.25x | $-131.74 Million |
| 1987 | 3.64% | 47.20% | 0.06x | 1.29x | $-156.14 Million |
| 1988 | 2.85% | 45.03% | 0.05x | 1.35x | $-240.37 Million |
| 1989 | 2.45% | 42.37% | 0.04x | 1.32x | $-325.15 Million |
| 1990 | 2.80% | 41.92% | 0.05x | 1.35x | $-318.97 Million |
| 1991 | 4.61% | 43.23% | 0.07x | 1.48x | $-181.59 Million |
| 1992 | 5.88% | 40.47% | 0.09x | 1.68x | $-115.41 Million |
| 1993 | 6.51% | 37.93% | 0.10x | 1.74x | $-88.73 Million |
| 1994 | 5.23% | 40.23% | 0.08x | 1.56x | $-164.71 Million |
| 1995 | 5.09% | 39.03% | 0.08x | 1.55x | $-173.68 Million |
| 1996 | 4.88% | 37.19% | 0.08x | 1.62x | $-180.55 Million |
| 1997 | 4.42% | 37.88% | 0.07x | 1.57x | $-225.32 Million |
| 1998 | 3.93% | 40.64% | 0.07x | 1.42x | $-303.45 Million |
| 1999 | 3.96% | 43.26% | 0.07x | 1.37x | $-330.64 Million |
| 2000 | 4.36% | 47.71% | 0.07x | 1.35x | $-326.18 Million |
| 2001 | 3.90% | 36.07% | 0.08x | 1.41x | $-367.18 Million |
| 2002 | 4.37% | 26.98% | 0.11x | 1.47x | $-340.06 Million |
| 2003 | 4.13% | 18.55% | 0.14x | 1.62x | $-326.41 Million |
| 2004 | 4.77% | 22.42% | 0.13x | 1.59x | $-315.55 Million |
| 2005 | 17.53% | 65.20% | 0.15x | 1.75x | $455.87 Million |
| 2006 | 22.36% | 91.64% | 0.13x | 1.87x | $926.51 Million |
| 2007 | 32.70% | 215.00% | 0.09x | 1.76x | $2.45 Billion |
| 2008 | -8.67% | -101.56% | 0.05x | 1.73x | $-1.79 Billion |
| 2009 | -107.63% | -632.16% | 0.07x | 2.32x | $-5.67 Billion |
| 2010 | 19.14% | 130.66% | 0.09x | 1.71x | $519.91 Million |
| 2011 | 18.23% | 176.89% | 0.07x | 1.57x | $560.45 Million |
| 2012 | 7.31% | 77.87% | 0.06x | 1.51x | $-192.64 Million |
| 2013 | 7.12% | 72.36% | 0.06x | 1.57x | $-215.67 Million |
| 2014 | 13.26% | 155.84% | 0.06x | 1.45x | $274.77 Million |
| 2015 | 22.79% | 313.71% | 0.05x | 1.40x | $1.36 Billion |
| 2016 | 11.44% | 142.04% | 0.06x | 1.28x | $168.10 Million |
| 2017 | 0.98% | 14.36% | 0.05x | 1.29x | $-1.04 Billion |
| 2018 | -0.42% | -5.30% | 0.06x | 1.39x | $-1.08 Billion |
| 2019 | -1.20% | -15.72% | 0.05x | 1.41x | $-1.11 Billion |
| 2020 | -9.51% | -112.28% | 0.05x | 1.64x | $-2.12 Billion |
| 2021 | -19.32% | -219.37% | 0.06x | 1.52x | $-2.92 Billion |
| 2022 | 8.36% | 96.32% | 0.05x | 1.63x | $-170.74 Million |
| 2023 | -8.84% | -78.26% | 0.07x | 1.57x | $-1.63 Billion |
| 2024 | -4.98% | -38.71% | 0.08x | 1.67x | $-959.20 Million |
| 2025 | 6.08% | 47.60% | 0.07x | 1.78x | $-255.40 Million |
Industry Comparison
This section compares Land Securities Group plc's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,431,457,758
- Average return on equity (ROE) among peers: 3.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Land Securities Group plc (LSGOF) | $6.43 Billion | 3.76% | 0.80x | $5.19 Billion |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $997.50 Million |
| Armada Hflr Pr (AHH) | $-37.40 Million | 0.00% | 0.00x | $449.55 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $805.18 Million | 1.03% | 2.18x | $1.76 Billion |
| Precinct Properties New Zealand Limited (AOTUF) | $390.30 Million | 1.91% | 0.25x | $1.05 Billion |
| Artis REIT (ARESF) | $4.10 Million | 0.00% | 1.29x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $3.13 Billion | 4.71% | 0.70x | $1.70 Billion |
| Broadstone Net Lease Inc (BNL) | $1.28 Billion | 4.27% | 1.01x | $3.74 Billion |
| British Land Company Plc (BRLAF) | $4.11 Billion | 3.88% | 1.12x | $5.24 Billion |
| Icade SA (CDMGF) | $1.16 Billion | 6.10% | 1.97x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $3.28 Billion | 18.86% | 0.43x | $1.19 Billion |