LondonMetric shares buoyed by annual results

FTSE 100 image

LondonMetric Property climbed 1.56% on the FTSE 250 to 194.90p on Wednesday on the back of its annual results which revealed a 10.3% rise in net asset value and a 15.9% jump in earnings.

Net rental income was up to 10.8% to £90.6m, and reported profit came in at £186m, driven by £121.6m revaluation surplus, reflecting a 7.1% valuation uplift to £1.84bn.

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