Land Securities Group (LON:LAND) Posts Earnings Results

Posted by Geri Gentry on May 14th, 2026

Land Securities Group (LON:LAND – Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 51.40 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of £892 million during the quarter. Land Securities Group had a net margin of 27.98% and a return on equity of 3.85%.

Here are the key takeaways from Land Securities Group’s conference call:

Landsec said customer demand remains very strong, with portfolio occupancy rising to 98%+ and the highest level in more than two decades, while rental values are growing at the fastest pace in nearly 20 years.
FY2026 results showed 4.6% like-for-like net rental income growth, with office and retail both performing well, and EPRA earnings up 2.2% despite the impact of the Queen Anne’s Mansions sale.
Management highlighted a much stronger operating leverage profile after cutting overheads by 15% to a 20-year low, which should allow more of future income growth to flow through to earnings and dividends.
The balance sheet remains resilient, with 8.6-year average debt maturity, about 89-90% of debt fixed or hedged, and net debt to EBITDA expected to fall below 7x within two years as developments lease up.
Landsec reiterated a constructive growth outlook, guiding to high-single-digit EPS growth in FY2028 and around 5% compound annual EPS growth through FY2030, supported mainly by existing portfolio reversion and current developments.

Land Securities Group Price Performance

LON LAND traded up GBX 13 on Thursday, reaching GBX 583.50. The company’s stock had a trading volume of 2,335,662 shares, compared to its average volume of 15,807,810. Land Securities Group has a twelve month low of GBX 522.50 and a twelve month high of GBX 678.50. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.54 and a current ratio of 0.78. The stock has a market cap of £4.35 billion, a PE ratio of 17.52, a PEG ratio of 12.39 and a beta of 1.13. The firm’s 50 day moving average is GBX 584.03 and its two-hundred day moving average is GBX 613.48.

Analysts Set New Price Targets

A number of analysts recently issued reports on LAND shares. UBS Group restated a “buy” rating and issued a GBX 705 price target on shares of Land Securities Group in a research note on Monday. Citigroup lowered their target price on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and lowered their target price for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 897 target price on shares of Land Securities Group in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 642.78.

Read Our Latest Stock Report on LAND

Land Securities Group Company Profile

(Get Free Report)

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.