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LondonMetric Property FY EPRA Profit Rises - Quick Facts

LondonMetric Property plc (LMP.L) reported a loss before tax of 6.7 million pounds for the year ended 31 March 2020 compared to profit of 119.5 million pounds, last year. Loss per share was 0.7 pence compared to profit of 17.1 pence. Excluding exceptional acquisition costs, reported profit declined to 51.5 million pounds from 119.7 million pounds. EPRA earnings rose 22% to 74.5 million pounds. EPRA earnings per share was 9.2 pence compared to 8.7 pence.

Fiscal year gross revenue increased to 113.4 million pounds from 86.8 million pounds. IFRS net rental income was 111.1 million pounds compared to 83.9 million pounds. Including share of Joint Ventures, excluding non-controlling interest, net rental income was up 24% to 115.9 million pounds.

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