Earnings GrowthLondonMetric has reported a year of exceptionally strong earnings growth with EPRA EPS up 21%, and the dividend correspondingly increased by 18%.
Mergers And AcquisitionsLondonMetric is continuing to grow via M&A, augmenting its already strong internally-generated growth potential with the announcement that it is to buy Highcroft Investments in an all-share deal valuing the company at £43.8m.
Portfolio StrengthThe company has built a high quality portfolio with very long unexpired lease terms, effectively full occupancy at 99%, and 77% of the rent roll is subject to contractual rental uplifts.