Income Statement Londonmetric Property Plc

Equities

LMP

GB00B4WFW713

Commercial REITs

Market Closed - London S.E. Other stock markets 16:35:17 11/09/2024 BST			5-day change	1st Jan Change
206.00 ^GBX	-0.48%		+2.79%	+7.57%

09-05	UBS raises Sage Group to 'neutral'	AN
09-02	FTSE 100 fails to shake off China PMI	AN

d7159632297d72e5.D3V50Pti_mkIAi7jKwQx1bGQTEtadfMrEjqH5stsSZQ.ajEJs78ytxpwWn26WUx34eTqeB8SDLJtK0jL1PIoGKNaRBDmgwS3J1h1bw

Published financial data: LONDONMETRIC PROPERTY PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Rental Revenues	112M	122M	133M	147M	178M
Property Management Fee	1.1M	-	-	-	-
Other Revenues, Total	-8.9M	6.9M	23.3M	-10.3M	-100K
Total Revenues	104M	129M	156M	136M	178M
Property Expenses	1.2M	1.6M	1.5M	1.5M	1.7M
Selling General & Admin Expenses, Total	15.8M	15.8M	6.4M	6.9M	7.6M
Depreciation & Amortization - (IS) - (Collected)	-	-	600K	600K	700K
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-	-	9M	8.9M	11.4M
Total Operating Expenses	17M	17.4M	17.5M	17.9M	21.4M
Operating Income (REIT / Utility Template)	87.5M	112M	139M	118M	157M
Interest Expense, Total	-23.5M	-20.2M	-23M	-31M	-42.3M
Interest and Investment Income	700K	600K	500K	2.9M	8.5M
Net Interest Expenses	-22.8M	-19.6M	-22.5M	-28.1M	-33.8M
Other Non Operating Income (Expenses)	-5.3M	2.8M	-1.4M	-5.4M	-7.5M
EBT, Excl. Unusual Items	59.4M	94.9M	115M	85M	115M
Total Merger & Related Restructuring Charges	-8.9M	-	-	-	-29.8M
Impairment of Goodwill	-48.3M	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-4.9M	800K	8M	-14.7M	-7.4M
Asset Writedown	-3.8M	170M	615M	-577M	-7.5M
Other Unusual Items	-200K	-7.5M	-	-400K	49.4M
EBT, Incl. Unusual Items	-6.7M	258M	738M	-508M	120M
Income Tax Expense	200K	100K	100K	100K	100K
Earnings From Continuing Operations	-6.9M	258M	738M	-508M	120M
Net Income to Company	-6.9M	258M	738M	-508M	120M
Minority Interest	1.2M	-700K	-3.7M	1.3M	-1.2M
Net Income - (IS)	-5.7M	257M	734M	-506M	119M
Net Income to Common Incl Extra Items	-5.7M	257M	734M	-506M	119M
Net Income to Common Excl. Extra Items	-5.7M	257M	734M	-506M	119M
Per Share Items
Net EPS - Basic	-0.01	0.29	0.79	-0.52	0.11
Basic EPS - Continuing Operations	-0.01	0.29	0.79	-0.52	0.11
Basic Weighted Average Shares Outstanding	804M	899M	932M	978M	1.12B
Net EPS - Diluted	-0.01	0.28	0.78	-0.52	0.11
Diluted EPS - Continuing Operations	-0.01	0.28	0.78	-0.52	0.11
Diluted Weighted Average Shares Outstanding	810M	904M	936M	978M	1.12B
Normalized Basic EPS	0.05	0.07	0.07	0.06	0.06
Normalized Diluted EPS	0.05	0.06	0.07	0.06	0.06
Dividend Per Share	0.08	0.09	0.09	0.1	0.1
Payout Ratio	-1.02K	28.14	10.55	-16.45	76.24
Supplemental Items
EBITDA	88.2M	112M	140M	119M	157M
EBITA	87.5M	112M	139M	118M	157M
EBIT	87.5M	112M	139M	118M	157M
Total Revenues (As Reported)	113M	-	-	-	-
Effective Tax Rate - (Ratio)	-2.98	0.04	0.01	-0.02	0.08
Current Domestic Taxes	200K	100K	100K	100K	-100K
Current Foreign Taxes	-	-	-	-	100K
Total Current Taxes	200K	100K	100K	100K	0
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	100K
Total Deferred Taxes	-	-	-	-	100K
Normalized Net Income	38.32M	58.61M	68.24M	54.42M	70.86M
Interest Capitalized	900K	1.1M	1.4M	4M	2.2M
Interest on Long-Term Debt	26.5M	23.2M	26M	36.6M	47.4M
Supplemental Operating Expense Items
General and Administrative Expenses	15.8M	15.8M	6.4M	6.9M	7.6M
Stock-Based Comp., G&A Exp. (Total)	2.9M	3.8M	3.5M	3.6M	3.5M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	2.9M	3.8M	3.5M	3.6M	3.5M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Net Property Plant And Equipment	2.27B	2.5B	3.49B	2.94B	6.23B
Total Real Estate Assets	2.27B	2.5B	3.49B	2.94B	6.23B
Cash And Equivalents	81.8M	51.4M	51.3M	32.6M	112M
Accounts Receivable, Total	5.8M	4.8M	5.7M	2.5M	10.9M
Other Receivables	900K	1.5M	1.2M	1.7M	6.6M
Investment In Debt and Equity Securities	-	-	1.3M	12.3M	34.3M
Other Intangibles, Total	-	-	-	-	-
Other Current Assets, Total	2.2M	4.6M	28.5M	22.5M	13.5M
Other Long-Term Assets, Total	54.1M	59.2M	72.6M	61.5M	69.2M
Total Assets	2.42B	2.63B	3.66B	3.08B	6.48B
Liabilities
Current Portion of Long-Term Debt	-	-	-	65M	52.1M
Current Portion of Leases	-	-	-	-	1.1M
Long-Term Debt	931M	838M	1.02B	945M	2.24B
Long-Term Leases	5.9M	5.2M	4.6M	7.1M	47M
Accounts Payable, Total	4.2M	4.6M	12.2M	12.9M	5.7M
Accrued Expenses, Total	14.1M	12.2M	14.5M	15.8M	23.2M
Current Income Taxes Payable	-	-	-	-	19M
Unearned Revenue, Current	19.8M	22.6M	24.6M	25.3M	72.5M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	4.5M	6.6M	8.1M	11.9M	35.4M
Deferred Tax Liability Non-Current	-	-	-	-	9.6M
Total Liabilities	980M	889M	1.09B	1.08B	2.51B
Common Stock, Total	84.2M	91M	97.9M	98.3M	204M
Additional Paid In Capital	106M	219M	387M	396M	405M
Retained Earnings	743M	924M	1.57B	974M	991M
Comprehensive Income and Other	498M	497M	501M	500M	2.34B
Total Common Equity	1.43B	1.73B	2.56B	1.97B	3.94B
Minority Interest	7.1M	6.4M	10.1M	27.9M	28M
Total Equity	1.44B	1.74B	2.57B	2B	3.97B
Total Liabilities And Equity	2.42B	2.63B	3.66B	3.08B	6.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	837M	905M	977M	980M	2.04B
ECS Total Common Shares Outstanding	837M	905M	976M	980M	2.03B
Book Value / Share	1.71	1.91	2.62	2.01	1.94
Tangible Book Value	1.43B	1.73B	2.56B	1.97B	3.94B
Tangible Book Value Per Share	1.71	1.91	2.62	2.01	1.94
Total Debt	937M	843M	1.03B	1.02B	2.34B
Net Debt	856M	791M	975M	984M	2.23B
Minority Interest, Total (Incl. Fin. Div)	7.1M	6.4M	10.1M	27.9M	28M
Equity Method Investments, Total	54.1M	59.2M	72.6M	61.5M	69.2M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	33	31	35	35	47
Accumulated Allowance for Doubtful Accounts (Supple)	340K	760K	1.1M	-	-

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-5.7M	257M	734M	-506M	119M
Depreciation, Depletion & Amortization	700K	700K	600K	600K	700K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	700K	700K	600K	600K	700K
Amortization of Deferred Charges, Total	1.5M	1.8M	1.2M	1.6M	2M
(Gain) Loss On Sale of Asset - (CF)	4.9M	-800K	-8M	14.7M	7.4M
Total Asset Writedown	52.1M	-170M	-615M	577M	7.5M
(Income) Loss On Equity Investments - (CF)	8.9M	-6.9M	-23.3M	10.3M	100K
Stock-Based Compensation (CF)	2.9M	3.8M	3.5M	3.6M	3.5M
Change in Accounts Receivable	-3M	-1.9M	-2.6M	8.1M	-4.1M
Change in Accounts Payable	-13M	4.5M	11.5M	4.5M	14.8M
Change in Other Net Operating Assets (Collected)	-	-	-	-	-
Other Operating Activities	-4.6M	11M	17.3M	18.5M	-27.5M
Cash from Operations	44.7M	99.6M	120M	133M	123M
Acquisition of Real Estate Assets, Total	-203M	-255M	-552M	-275M	-63.2M
Sale of Real Estate Assets, Total	112M	208M	180M	259M	198M
Net Sale / Acquisition of Real Estate Assets	-91.1M	-46.2M	-372M	-16.3M	135M
Cash Acquisitions	-120M	-	-	-	73.3M
Investment in Marketable and Equity Securities, Total	15.4M	1.8M	8.8M	700K	-8.3M
Other Investing Activities, Total	-3.9M	-2M	-4.2M	-1.8M	6M
Cash from Investing	-199M	-46.4M	-367M	-17.4M	206M
Long-Term Debt Issued, Total	305M	316M	1.06B	440M	669M
Total Debt Issued	305M	316M	1.06B	440M	669M
Long-Term Debt Repaid, Total	-21.1M	-409M	-871M	-451M	-770M
Total Debt Repaid	-21.1M	-409M	-871M	-451M	-770M
Issuance of Common Stock	-	117M	170M	-	-
Repurchase of Common Stock	-7.2M	-5.8M	-2.3M	-6.4M	-3M
Common Dividends Paid	-58.4M	-72.4M	-77.5M	-83.3M	-90.5M
Common & Preferred Stock Dividends Paid	-58.4M	-72.4M	-77.5M	-83.3M	-90.5M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-2.5M	-29M	-30.8M	-33.8M	-55.3M
Cash from Financing	216M	-83.6M	248M	-134M	-250M
Net Change in Cash	61.2M	-30.4M	-100K	-18.7M	79.3M
Supplemental Items
Cash Interest Paid	24M	20.1M	24.2M	32.8M	43.6M
Cash Income Tax Paid (Refund)	200K	300K	-300K	300K	600K
Net Debt Issued / Repaid	284M	-93M	188M	-10.8M	-101M
Levered Free Cash Flow	48.2M	64.89M	66.7M	75.69M	163M
Unlevered Free Cash Flow	61.39M	75.71M	79.88M	93.46M	188M
Change In Net Working Capital	-3.1M	-1.4M	11.1M	-15.2M	-85.6M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.58	2.77	2.77	2.2	2.05
Return on Total Capital	2.63	2.82	2.81	2.24	2.1
Return On Equity %	-0.52	16.24	34.28	-22.24	4.02
Return on Common Equity	-0.43	16.27	34.23	-22.37	4.02
Margin Analysis
Gross Profit Margin %	98.85	98.76	99.04	98.9	99.04
SG&A Margin	15.12	12.24	9.84	11.58	10.67
EBITDA Margin %	84.4	87.06	89.2	87.32	88.37
EBITA Margin %	83.73	86.52	88.82	86.88	87.98
EBIT Margin %	83.73	86.52	88.82	86.88	87.98
Income From Continuing Operations Margin %	-6.6	199.84	471.69	-372.14	67.36
Net Income Margin %	-5.45	199.3	469.33	-371.19	66.69
Net Avail. For Common Margin %	-5.45	199.3	469.33	-371.19	66.69
Normalized Net Income Margin	36.67	45.4	43.6	39.9	39.81
Levered Free Cash Flow Margin	46.12	50.26	42.62	55.49	91.71
Unlevered Free Cash Flow Margin	58.74	58.65	51.04	68.52	105.44
Asset Turnover
Asset Turnover	0.05	0.05	0.05	0.04	0.04
Fixed Assets Turnover	0.05	0.05	0.05	0.04	0.04
Receivables Turnover (Average Receivables)	33.85	23.06	25.37	35.78	26.58
Short Term Liquidity
Current Ratio	2.13	1.35	1.46	0.45	0.68
Quick Ratio	2.08	1.25	0.98	0.28	0.62
Operating Cash Flow to Current Liabilities	1.05	2.17	2.01	1.02	0.59
Days Sales Outstanding (Average Receivables)	10.81	15.83	14.39	10.2	13.77
Average Days Payable Outstanding	991.25	1K	2.04K	3.05K	2K
Long Term Solvency
Total Debt/Equity	65.14	48.5	39.93	50.97	59.04
Total Debt / Total Capital	39.45	32.66	28.53	33.76	37.12
LT Debt/Equity	65.14	48.5	39.93	47.71	57.7
Long-Term Debt / Total Capital	39.45	32.66	28.53	31.6	36.28
Total Liabilities / Total Assets	40.51	33.84	29.69	35.18	38.73
EBIT / Interest Expense	3.72	5.53	6.04	3.82	3.7
EBITDA / Interest Expense	3.75	5.56	6.07	3.84	3.72
(EBITDA - Capex) / Interest Expense	3.75	5.56	6.07	3.84	3.72
Total Debt / EBITDA	10.63	7.5	7.35	8.54	14.9
Net Debt / EBITDA	9.7	7.04	6.98	8.26	14.19
Total Debt / (EBITDA - Capex)	10.63	7.5	7.35	8.54	14.9
Net Debt / (EBITDA - Capex)	9.7	7.04	6.98	8.26	14.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	29.98	23.54	21.22	-12.84	30.5
Gross Profit, 1 Yr. Growth %	30.43	23.43	21.57	-12.97	30.69
EBITDA, 1 Yr. Growth %	34.45	27.44	24.2	-14.68	32.07
EBITA, 1 Yr. Growth %	33.59	27.66	24.44	-14.75	32.15
EBIT, 1 Yr. Growth %	33.59	27.66	24.44	-14.75	32.15
Earnings From Cont. Operations, 1 Yr. Growth %	-105.76	-3.84K	186.12	-168.76	-123.62
Net Income, 1 Yr. Growth %	-104.76	-4.61K	185.46	-168.93	-123.44
Diluted EPS Before Extra, 1 Yr. Growth %