LondonMetric reaffirms 2027 outlook. Jefferies targets LondonMetric stock at GBp 217

Published on 10/20/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net rental income rose more than 8% to GBP 240.0 million in six months to September 30, 2026. LondonMetric stock costs EUR 2.14 on October 20, 2026.

Income and valuation signals

LondonMetric reported more than 8 percent rental income growth for the six months ended September 30, 2026.
Rent reviews delivered a 17 percent average uplift during the six-month period.
LondonMetric stock trades at EUR 2.14 at 1:17 p.m. CEST at Lang & Schwarz on October 20, 2026.

Isometrische 3D-Grafik der Lieferkette von Lagerhaus über Hafen bis Geschäft — LondonMetric Property Plc GB00B4WFW713 illustriert isometrisches 3D-Diagramm der logistischen Wertschöpfungskette mit Gebäuden, Illustration mit AI erstellt.

LondonMetric Property Plc (ISIN GB00B4WFW713) lifted net rental income by more than 8% to GBP 240.0 million for the six months ended September 30, 2026. In its October 19, 2026 trading update, FT.com reported that the company remained on track to meet fiscal 2027 earnings-per-share consensus of 13.9 pence. For investors, income growth is the central message before the half-year results.

Income growth supports outlook

LondonMetric said rent reviews produced an average uplift of 17% during the period, while annualized like-for-like income growth reached 5.8%. Rent collection stood at 99.3% and occupancy at 97.4%, giving the operating figures a clear defensive profile.

Annual net contracted rent increased to GBP 452 million from GBP 432 million at the start of the period. The company also added GBP 11.8 million per year through 179 asset-management initiatives, including GBP 7.9 million from rent reviews and GBP 3.9 million from lettings and lease regears, according to FT.com.

What changed across three dates

On September 11, 2026, LondonMetric issued 97.63 million shares linked to its Picton transaction, as reported by FINCHANNEL. On October 14, 2026, Jefferies cut its target from GBp 225 to GBp 217 while retaining a Buy rating, according to ii.co.uk. The October 19 trading update was the latest event.

Results date is November 24

LondonMetric has scheduled its half-year results for November 24, 2026, according to the October 19 announcement. The update also said the portfolio had reached GBP 8.0 billion, while acquisitions totaled GBP 424 million and disposals covered 36 assets worth GBP 185 million.

Stock price and investor view

LondonMetric's income indicators show how rent reviews and portfolio activity are supporting the fiscal 2027 outlook, while the Jefferies target cut provides a more cautious valuation counterpoint.

LondonMetric stock was trading at EUR 2.14 at Lang & Schwarz on October 20, 2026 at 1:17 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of LondonMetric stock.