Yahoo Finance LondonMetric Property Full Year 2024 Earnings: Beats Expectations
LondonMetric Property (LON:LMP) Full Year 2024 Results
Key Financial Results
Revenue: UK£178.1m (up 31% from FY 2023).
Net income: UK£118.7m (up from UK£506.3m loss in FY 2023).
Profit margin: 67% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
EPS: UK£0.11 (up from UK£0.52 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LondonMetric Property Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 108%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, while revenues in the REITs industry in the United Kingdom are expected to remain flat.
Performance of the British REITs industry.
The company's shares are up 3.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for LondonMetric Property (of which 2 are concerning!) you should know about.
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