Land Securities Group Plc
About the company
Land Securities Group Plc identify and shape places that create opportunities, enhance quality of life, and bring joy to the people connected to them. This is how they created the leading portfolio of urban places in UK and one of the largest real estate companies in Europe. Their 10 billion pounds portfolio is built around premium workplaces, is the country pre-eminent retail platform, and a residential pipeline that will redefine urban life. They honed this ability over 80 years. Spotting the opportunities, building the partnerships, and continually adapting to shape the places that meet the needs of a changing world. Places where life happens. Where businesses grow. And where cities are defined. Land Securities Group Plc was incorporated in 1995 in United Kingdom.
Price within modeled range
5-year outlook: Not shown because confidence is low: EV/EBITDA (12x) disagrees strongly.
Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price within modeled range
Showing the EPS-based Gordon proxy you selected on the company card, using 7.69% growth, 2.3% terminal growth and 9% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 7.69%, discount rate 9%, terminal growth 2.30% (sector defaults). See a worked example.
Blended growth assumption: 7.7% (sector default 5.1%, own revenue history 7.1%, analyst revenue consensus 9.3%).
Analyst consensus expects revenue growth of 9.3% a year; the growth assumption used is 7.7%.
Adjust assumptions
Show the recommended model instead
Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Compare models- Recommended: Dividend discount model — GBP 5.93 (-12.6%)
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EPS-based Gordon proxy
— GBP 7.01 (+3.4%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— GBP 1.74 (-74.4%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— GBP 8.64 (+27.4%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear GBP 5.35 | -26.8% |
| Base GBP 7.01 | 3.3% |
| Bull GBP 8.24 | 17.7% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
1 year price change: +13.52% · GBP 6.78 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (GBP 7.01). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:33 (1 hour, 33 minutes ago).
06 Nov 2025Range GBP 5.14 – 7.2206 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 68 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 3 of 5 years profitable | 12 / 20 |
| Cash generation | free cash flow positive in 4 of 5 years | 16 / 20 |
| Growth | revenue +7.1% a year | 20 / 20 |
| Balance sheet | net debt 9.3x EBITDA | 0 / 20 |
| Margins | EBITDA margin 53% | 20 / 20 |
Peers in Real Estate
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| LAND.L (this company) | GBP 6.78 | -14.4% | 14.8 | 0.8 | 5.7% | 68 |
| HST Host Hotels & Resorts | USD 24.63 | 44.2% | 16.4 | 2.6 | 3.9% | 100 |
| VMRK Vivmark Residential | USD 65.25 | 34.2% | 24.8 | – | 4.2% | 80 |
| ARE Alexandria Real Estate Equities | USD 45.17 | 23.7% | – | 0.5 | 7.8% | 44 |
| VICI Vici Properties | USD 25.21 | 6.2% | 11.8 | 1.0 | 7.0% | 80 |
| UTG.L Unite Group PLC | GBP 4.93 | -2.9% | 24.8 | 0.5 | 6.4% | 68 |
| DLN.L Derwent London Plc | GBP 19.44 | -4.2% | 13.5 | 0.6 | 4.2% | 60 |
| WDP.BR Warehouses De Pauw SA | EUR 19.40 | -5.9% | 12.0 | 0.9 | 6.2% | 80 |
| DOC Healthpeak Properties | USD 20.12 | -7.6% | 35.7 | 1.8 | 6.1% | 76 |
| Peer median | 16.4 | 0.9 | ||||
Dividends
Paid in the last 12 months: GBP 0.00 per share · yield 0.06% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.002 |
| 2025 | 0.004 |
| 2024 | 0.004 |
| 2023 | 0.004 |
| 2022 | 0.004 |
| 2021 | 0.003 |
Annual financial statement
Saved annual report · Fiscal year 2026 · EODHD annual statements · period ended 31 Mar 2026
| Revenue | GBP 892,000,000 |
|---|---|
| EBITDA | GBP 473,000,000 |
| EBIT | GBP 470,000,000 |
| Net income | GBP 343,000,000 |
| Free cash flow | GBP 67,000,000 |
| Capital expenditures | GBP 147,000,000 |
| Debt | GBP 4,495,000,000 |
| Cash | GBP 117,000,000 |
| Working capital | GBP -392,000,000 |
| Shares outstanding | 747,000,000 |
| Reported dividends per share | GBP 0.3882 |