Land Securities Group Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Rental Revenue	892	842	824	791	679
Total Revenue	892	842	824	791	679
Revenue Growth (YoY	5.94%	2.18%	4.17%	16.50%	6.93%
Property Expenses	373	326	335	291	307
Selling, General & Administrative	63	71	73	80	-
Depreciation & Amortization	3	4	6	8	-
Other Operating Expenses	23	16	1	-	-
Total Operating Expenses	460	408	409	377	294
Operating Income	432	434	415	414	385
Interest Expense	-124	-114	-104	-64	-69
Interest & Investment Income	14	15	12	11	9
Income (Loss) on Equity Investments	52	37	2	-1	33
Other Non-Operating Income	-9	-34	-22	-	-
EBT Excluding Unusual Items	365	338	303	360	358
Merger & Restructuring Charges	-	-	-	-	-8
Impairment of Goodwill	-	-22	-1	-5	-6
Gain (Loss) on Sale of Investments	2	-	3	-	2
Gain (Loss) on Sale of Assets	-103	-15	-16	-144	107
Asset Writedown	96	91	-628	-827	416
Other Unusual Items	-	1	-2	-6	6
Pretax Income	346	393	-341	-622	875
Income Tax Expense	2	-3	-	-	-
Earnings From Continuing Operations	344	396	-341	-622	875
Minority Interest in Earnings	-1	-	22	3	-6
Net Income	343	396	-319	-619	869
Net Income to Common	343	396	-319	-619	869
Net Income Growth	-13.38%	-	-	-	-
Basic Shares Outstanding	743	743	741	740	740
Diluted Shares Outstanding	747	747	741	740	742
Shares Change (YoY)	-	0.81%	0.14%	-0.27%	0.27%
EPS (Basic)	0.46	0.53	-0.43	-0.84	1.17
EPS (Diluted)	0.46	0.53	-0.43	-0.84	1.17
EPS Growth	-13.40%	-	-	-	-
Dividend Per Share	0.412	0.404	0.396	0.386	0.370
Dividend Growth	1.98%	2.02%	2.59%	4.32%	37.04%
Operating Margin	48.43%	51.54%	50.36%	52.34%	56.70%
Profit Margin	38.45%	47.03%	-38.71%	-78.25%	127.98%
EBITDA	434	437	417	417	388
EBITDA Margin	48.66%	51.90%	50.61%	52.72%	57.14%
D&A For Ebitda	2	3	2	3	3
EBIT	432	434	415	414	385
EBIT Margin	48.43%	51.54%	50.36%	52.34%	56.70%
Effective Tax Rate	0.58%	-	-	-	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.