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LondonMetric Property PLC (LMP) is a real estate investment trust (REIT) headquartered in London, England. LondonMetric Property was founded in 2013 as a result of the merger between Metric Property Investments and London & Stamford Property. Currently, its property portfolio includes more than 100 investments. It is focused on investments across the British retailer-led distribution, convenience-led retail, and long income properties. The fund applies an occupier-led approach to property investment and actively recycles assets to position the portfolio for superb returns. In 2018, the company's investment properties were valued at £1.9 billion. The LMP share price is listed on the London Stock Exchange and included in the FTSE 250 Index.
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The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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