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LAND — Land Securities News Story

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Brief: Land Securities Expects About 4-5% FY Like-For-Like Net Rental Income Growth

Nov 14 (Reuters) - Land Securities Group PLC LAND.L:

LAND SECURITIES: WE NOW EXPECT GROWTH IN LIKE-FOR-LIKE NET RENTAL INCOME FOR FY TO BE ABOUT 4-5%

LAND SECURITIES:  WE NOW EXPECT EPS GROWTH FOR FY TO BE AT THE TOP END OF OUR ABOUT 2-4% GUIDANCE

LAND SECURITIES:  H1 EPRA NET PER SHARE 863P

LAND SECURITIES:  OVERHEAD COSTS EXPECTED TO REDUCE TO LOW £60 MILLION'S BY FY27

LAND SECURITIES: POTENTIAL FOR FY30 EPRA EPS RAISED FROM ABOUT 60 PENCE TO ABOUT 62 PENCE

LAND SECURITIES: WE NOW TARGET ABOUT 4.5-7% CAGR IN NET INCOME FOR FY

LAND SECURITIES: H1 IFRS PROFIT BEFORE TAX OF £98M

LAND SECURITIES - LIKE-FOR-LIKE NET RENTAL INCOME FOR FY26 EXPECTED TO GROW C. 4-5%

LAND SECURITIES - POTENTIAL FOR FY30 EPRA EPS RAISED FROM C. 60 PENCE TO C. 62 PENCE

Source text: ID:nRSN5109Ha

Further company coverage: LAND.L

 ((Reuters.Briefs@thomsonreuters.com;))

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