LondonMetric Property stock trades at GBp 179.30 after Picton deal

LondonMetric Property stock stood at GBp 179.30 on the London Stock Exchange on September 24, 2026, up 0.50 percent on the session. The move follows the completion of the Picton Property Income acquisition and the admission of 97,627,134 new LondonMetric shares.

Picton adds 97,627,134 shares

In an announcement carried by Investegate, LondonMetric said dealings in the new shares began on September 11, 2026. The company reported issued share capital of 2,448,611,239 ordinary shares after completion.

The transaction gives LondonMetric the assets allocated to it under the consortium arrangement with Schroder Real Estate Investment Trust. The Picton scheme provided 0.190 LondonMetric shares and 0.894 SREIT shares for each Picton share, according to the scheme announcement dated September 10, 2026.

Fiscal 2026 revenue reaches GBP 469.3 million

Fiscal 2026 revenue was GBP 469.3 million, compared with GBP 402.8 million in fiscal 2025, according to Investing.com. That represents a 16.5 percent increase and gives the acquisition a larger operating base against which future rental income will be measured.

The latest annual figures also show gross profit of GBP 462.9 million and operating income of GBP 432.7 million for fiscal 2026. For investors, the key comparison is the combination of revenue growth and share count expansion, since the new equity changes the denominator used in per-share analysis.

Stock stays above its yearly low

At GBp 179.30 on September 24, 2026, LondonMetric was 2.40 percent above its 52-week low of GBp 175.10 and below its 52-week high of GBp 216.20. Its market capitalization was GBP 4,197,449,909 on the same date.

The price context is subdued relative to the yearly high, while the Picton transaction adds a concrete corporate milestone. The stock's 0.50 percent session gain keeps the immediate market signal modest as the enlarged share base begins trading.

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