21-05-2025
LondonMetric doubles portfolio on path to ‘dividend aristocracy'
One of the UK's largest listed landlords is 'on the path to dividend aristocracy' having increased its payouts to shareholders for the tenth consecutive year.
A 'remarkable' 2024 resulted in LondonMetric Property doubling the size of its commercial real estate portfolio. Its acquisition of rivals over the past couple of years has propelled it into the FTSE 100.
The biggest deal was its acquisition of LXi Reit last spring, which added £3 billion of property to LondonMetric's portfolio, including dozens of hotels, pubs, supermarkets and Warwick Castle.
• LondonMetric agrees to buy Urban Logistics in £700m deal
Its net rental income more than doubled to £390.6 million in the 12 months to the end of March, up from £175.3 million in the previous year. That
