Landsec keeps guidance after strong first-half rental income growth
UK landlord Landsec said like-for-like net rental income rose 6.2% in the six months to 30 September, above its 3%-5% guidance, per TradingView.
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what happened
UK landlord Landsec, which owns a £10bn property portfolio, reported that like-for-like net rental income rose 6.2% in the six months to 30 September. That beat the company’s guidance of 3% to 5%, according to TradingView.
Earnings per share were broadly flat at 25.9p, against 25.8p a year earlier. The interim dividend rose 2.1% to 19.4p. Pre-tax profit increased to £243m from £98m, mainly due to an £88m valuation surplus. Overhead costs fell 9%.
The company said full-year EPS remains on track to be stable versus last year, in line with guidance, and expects high single-digit percentage growth in EPS in the 2028 full year. Chief executive Mark Allan said: “We have continued to deliver on our strategic objectives over the past six months, strengthening our positioning for a higher inflation, higher rate environment.”
why it matters
The key points for markets are the resilience of rental income and the reaffirmed outlook. Landsec’s portfolio spans offices, retail and leisure parks across the UK, including Bluewater and London office space, so its shares are sensitive to the UK property market and rate expectations.
market impact
Landsec shares and UK commercial property: strong rental growth and steady guidance support the stock
- Landsec shares pressure up — rising rental income and a reaffirmed outlook support investor interest
tags
instruments
sources
- Landsec reaffirms outlook on robust first half — TradingView, 13 November 2026 at 08:46 UTC
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