UK's Landsec tracks worst day in over two months as asset value drops

Land Securities

14/11/2025 09:56

Nov 14 - ** Shares of Land Securities LAND.L down 3.6% at 623.5p, on track for worst day since September 2 if losses hold

** The British commercial landlord's HY net asset value per share slips 1.3% to 867p

** Shares fall despite co raising FY profit, rental income outlook

** Landsec remains reasonably valued, and with softer UK wage data and the upcoming budget likely to ease uncertainty, weakness today may be relatively short-lived, analysts at JP Morgan say in a note

** YTD, LAND stock has risen 4.6%

(Reporting by Akshaya V)

((akshayav@thomsonreuters.com))