Full Year 2025 Land Securities Group PLC Earnings Call Transcript

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May 16, 2025

May 16, 2025 / 08:00AM GMT
Mark Allan - Land Securities Group PLC - Chief Executive Officer, Executive Director

Well, good morning, everyone, and welcome to the presentation of Landsec's full year results. And I've been saying for some time that owning the right real estate has never been more important. And the performance of our portfolio and business over the past 12 months illustrates this point really clearly. Irrespective of sector, there is a clear focus from customers on the best space and as this remains in short supply, rents are growing.

As such, we are confident in how we have repositioned our portfolio over the past four years. The success of this strategy is reflected in our strong operational performance, with high like-for-like income growth across both London and retail, which combined make up retail which combined make up 83% of our business. We expect this customer focus on quality to persist. So as the reversionary potential in our portfolio is growing, we expect to continue -- deliver continued strong like-for-like income growth.

Over the medium term, this growth will be enhanced by the

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