Landsec AI Stock Analysis
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Landsec (LDSCY) AI Stock Analysis
Landsec
(Other OTC:LDSCY)
The overall score is constrained by significant cash flow deterioration, where free cash flow has evaporated, posing a major risk to the dividend. This is compounded by a bearish technical picture with the stock in a downtrend and deeply oversold. Positively, the valuation is attractive with a high dividend yield, and the balance sheet leverage is manageable, but these are secondary to the immediate cash flow and momentum concerns.
Landsec Key Performance Indicators (KPIs)
Gross Rental Income by SegmentShows the total rental income generated from different property segments, highlighting which areas are driving revenue and indicating potential growth or risk areas based on segment performance.
The FlyLandsec (LDSCY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $7.52B
- Dividend Yield
- 5.87%
- Average Volume (3M)
- 68.57K
- Price to Earnings (P/E)
- 15.1
- Beta (1Y)
- 0.57
- Revenue Growth
- 12.66%
- EPS Growth
- -8.96%
- Country
- US
- Employees
- 700
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Diversified
Landsec Business Overview & Revenue Model
Company Description
Landsec strategically develops and invests in properties, spaces, and partnerships to foster sustainable environments, connect diverse communities, and unlock their full potential. As a prominent European real estate group, we oversee a substantial £...
How the Company Makes Money
Landsec generates revenue primarily from its commercial property portfolio through contracted rental income paid by tenants under lease agreements for office, retail, and mixed-use space. This rental stream is supported by ongoing asset management ac...
Landsec Earnings Call Summary
The earnings call reflected a strong operational performance with significant growth in income and EPS. There were successful asset sales aimed at enhancing future income growth, and positive guidance was provided for the near term. However, some concerns were noted regarding the decline in NTA per share and the impact of asset disposals on EPS.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
During the call presenting Landsec's 2025 Half Year results, several key financial metrics and strategic updates were highlighted. The company reported a 5.2% growth in like-for-like income, with occupancy at a decade high. Overhead cost savings target increased, implying over GBP 10 million savings by the next financial year. Landsec plans to reduce its capital employed in predevelopment assets by GBP 0.3 billion within year one, while raising its guidance for like-for-like income growth to around 4% to 5% for the year. The company has sold GBP 644 million of low-returning assets, aiming to recycle capital into high-income retail opportunities, with a target for net debt to EBITDA to fall below 7x within two years. Despite a slight dip in NTA per share by 1.3%, the outlook for EPS growth is now expected at the high end of the 2% to 4% guidance range, driven by strong retail income growth, lower overheads, and reduced development exposure.
Landsec Financial Statement Overview
Summary
Financial performance is mixed. The income statement shows healthy revenue growth and margins, and the balance sheet has manageable leverage. However, the cash flow statement is a significant concern, with free cash flow dropping to zero and operating cash flow declining sharply, which is critical for a REIT's distributions.
Income Statement
75PositiveBalance Sheet
65PositiveCash Flow
30Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 897.91M | 906.51M | 832.00M | 824.00M | 791.00M | 679.00M |
| Gross Profit | 519.34M | 524.39M | 510.00M | 500.00M | 412.00M | 372.00M |
| EBITDA | 527.17M | 480.64M | 511.00M | -233.00M | -530.00M | 390.00M |
| Net Income | 346.47M | 348.58M | 396.00M | -319.00M | -619.00M | 869.00M |
Balance Sheet | ||||||
| Total Assets | 11.54B | 11.54B | 11.62B | 10.66B | 10.97B | 12.89B |
| Cash, Cash Equivalents and Short-Term Investments | 117.01M | 117.01M | 39.00M | 78.00M | 41.00M | 146.00M |
| Total Debt | 4.50B | 4.50B | 4.55B | 3.78B | 3.54B | 4.55B |
| Total Liabilities | 5.00B | 5.00B | 5.09B | 4.22B | 3.89B | 4.90B |
| Stockholders Equity | 6.54B | 6.54B | 6.51B | 6.40B | 7.00B | 7.92B |
Cash Flow | ||||||
| Free Cash Flow | 32.92M | 67.00M | 93.00M | 212.00M | 240.00M | 339.00M |
| Operating Cash Flow | 227.73M | 214.00M | 256.00M | 338.00M | 342.00M | 381.00M |
| Investing Cash Flow | 206.27M | 216.00M | -383.00M | -272.00M | 834.00M | -607.00M |
| Financing Cash Flow | -376.31M | -363.00M | 88.00M | -29.00M | -1.28B | 362.00M |
Landsec Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LDSCY, the sentiment is Positive. The current price of 9.21 is above the 20-day moving average (MA) of 8.94, above the 50-day MA of 8.59, and above the 200-day MA of 8.49, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 64.57 is Neutral, neither overbought nor oversold. The STOCH value of 53.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LDSCY.
Landsec Peers Comparison
Overall Rating
WPC69Neutral
ESRT58Neutral
AAT57Neutral
JBGS55Neutral- LDSCY54Neutral
GNL43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| WPC | 69Neutral | $14.92B | 22.51 | 7.69% | 5.76% | 8.96% | 75.31% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| ESRT | 58Neutral | $905.48M | -1096.88 | 0.23% | 2.68% | 1.68% | -104.37% |
| AAT | 57Neutral | $1.32B | 61.12 | 2.01% | 6.33% | -8.18% | -65.65% |
| JBGS | 55Neutral | $905.01M | -3.44 | -18.81% | 5.77% | 3.02% | -72.59% |
| LDSCY | 54Neutral | $7.43B | 15.13 | 5.29% | 5.87% | 12.66% | -8.96% |
| GNL | 43Neutral | $1.50B | -25.86 | -0.61% | 11.36% | -21.80% | 77.49% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| LDSCY | Land Securities Group | 9.21 | 1.53 | 19.88% | |
| WPC | W. P. Carey Inc. | 64.94 | 1.55 | 2.44% | |
| ESRT | Empire State Realty Trust Inc | 5.22 | -1.41 | -21.29% | |
| AAT | American Assets Trust | 21.50 | 3.87 | 21.96% | |
| GNL | Global Net Lease | 6.69 | -0.52 | -7.17% | |
| JBGS | Jbg Smith Properties | 11.99 | -4.59 | -27.67% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 14, 2026