Who We Are
Owner and manager of desirable real estate with strong occupier relationships and property expertise
LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.
Portfolio
Rent p.a.
WAULT
Employees
Our portfolio is aligned to emerging consumer behaviour of online shopping, convenience, healthcare and staycation. We have 26m sq ft under management valued at £6.0bn with over 40% of assets in logistics. Our assets are typically single-let on long leases and c.80% of rental income benefits from contractual uplifts.
1 | Logistics | 43% |
2 | Entertainment & Leisure | 21% |
3 | Convenience | 17% |
4 | Healthcare & Education | 16% |
5 | Other | 3% |
Our occupiers led approach provides us with market knowledge to better understand future trends and make the right asset decisions. Our consistently high occupancy rate of c.99% demonstrates the strength and depth of our relationships. We work with high quality occupiers and, with average lease lengths of 19 years, we look to build long term partnerships with them.
The company is internally managed with 47 employees and an independent board of directors. The management team have worked together for 20 years and have built a highly talented, diverse and motivated team with strong and wide-ranging relationships. Management has an approximate holding of 3% in the company.
We are a team centric, results driven organisation and promote integrity, empowerment and energy. We act with an entrepreneurial spirit driving outperformance through the collective expertise.
We have a long term ‘all weather’ approach to investing and believe fully in the merits of behaving as a ‘true REIT’. Our ultimate objective is to grow our earnings to deliver sustainable and progressive dividend returns.
Since the Company was created in 2013, it has grown from 3.9p to 10.9p, allowing it to increase dividends per share from 7.0p to 10.2p pa. Dividends are paid quarterly and are fully covered by earnings.