The Land Securities Board has declared an interim dividend for the year ending 31 March 2026 of 19.0p per ordinary share (six months ended 30 September 2024: 18.6p) which will be paid on 9 January 2026 to shareholders registered at the close of business on 27 November 2025. This will be paid partly as a Property Income Distribution (PID) of 13.6p and partly as an ordinary dividend of 5.4p.
Other financial highlights include:
- EPRA EPS up 3.2% to 25.8p, driven by strong 5.2% growth in LFL income and further 6% reduction in overhead costs
- IFRS profit before tax of £98m, as substantial capital recycling of £644m of assets generating no or limited returns resulting in a £67m loss on sale, and a slightly lower EPRA NTA per share (-1.3%)
- Group LTV 38.9% pro-forma for net disposal activity post period-end, with net debt/EBITDA of 8.6x
