Logotype for Land Securities Group plc

Land Securities Group (LAND) investor relations material

Land Securities Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Land Securities Group plc
H1 2026 earnings summary14 Nov, 2025

Executive summary

  • Achieved 5.2% like-for-like net rental income growth and a 3.2% increase in EPRA EPS to 25.8p, with strong performance across office and retail portfolios and overhead costs reduced by 6%.

  • Occupancy reached a decade-high of 97.7%, with significant uplifts on relettings/renewals and ERV growth of 2.5%.

  • Raised near- and medium-term EPS guidance, with FY26 EPS growth expected at the top end of 2-4% and FY30 EPS potential increased to c.62p.

  • IFRS profit before tax was £98m, impacted by a £67m loss on disposal of £644m of low-returning assets, while EPRA NTA per share declined 1.3% to 863p.

  • Interim dividend increased 2.2% to 19.0p per share.

Financial highlights

  • Net rental income rose by £15m to £284m, with £12m from like-for-like growth.

  • EPRA earnings increased to £192m, and total return on equity was 1.2% for the half year.

  • NTA per share down 1.3% to 863p, mainly due to asset disposals.

  • LTV at 38.9% (pro-forma post-disposals), net debt/EBITDA at 8.6x, targeting below 7x within two years.

  • Portfolio valuation stable at £10.8bn, with 2.5% ERV growth (3.1% office, 2.2% retail).

Outlook and guidance

  • FY26 like-for-like net rental income growth expected at 4-5%, up from 3-4% prior guidance.

  • FY26 EPS growth expected at the top end of 2-4% range, before QAM disposal impact.

  • FY30 EPS potential raised to c.62p, implying a 4-4.5% CAGR.

  • Initial FY27 EPS outlook broadly similar to FY26, with QAM disposal impacting earnings.

  • Targeting net debt/EBITDA below 7x within two years and LTV below 35% over time.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Land Securities Group earnings date

Logotype for Land Securities Group plc
H2 202615 May, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Land Securities Group earnings date

Logotype for Land Securities Group plc
H2 202615 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Land Securities Group plc, commonly known as Landsec, is one of the largest real estate investment trusts (REITs) in the United Kingdom. The company owns, manages, and develops a diverse portfolio of properties, including office buildings, retail spaces, residential developments, and mixed-use projects. Landsec’s assets are primarily concentrated in prime locations across London and major cities in the UK. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE (London Stock Exchange).

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage