REG - LondonMetric - BBB+ INVESTMENT GRADE CREDIT RATING

Londonmetric PropertyAnnouncement

21/03/2025 07:15

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RNS Number : 5773B  LondonMetric Property PLC  21 March 2025

21 March 2025

 

LONDONMETRIC PROPERTY PLC

 

LONDONMETRIC ASSIGNED BBB+ INVESTMENT GRADE RATING BY FITCH

 

LondonMetric Property Plc ("LondonMetric" or "Company") is pleased to announce
that it has been assigned a first time Long-Term Issuer Default Rating (IDR)
of 'BBB+' by Fitch Ratings ('Fitch'), with a Stable Outlook and a senior
unsecured rating of 'A-'. The senior unsecured rating applies to
LondonMetric's existing US Private Placement notes in issue.

 

Fitch's Rating Action Commentary is available at
www.fitchratings.com/site/pr/10302505
(http://www.fitchratings.com/site/pr/10302505) and at
www.londonmetric.com/investors/report-presentation/year/2025
(http://www.londonmetric.com/investors/report-presentation/year/2025) .

 

LondonMetric was advised on the credit rating by Rothschild & Co.

 

Martin McGann, Finance Director of LondonMetric,
commented:

"This BBB+ investment grade credit rating reflects the Company's significant
scale and strong balance sheet, as well as its alignment to structurally
supported sectors and assets that generate reliable, repetitive and growing
income. It gives us greater optionality for future debt issuances and will
allow us to benefit from more attractive financing rates in the future."
 

 

For further information, please contact:

 

LondonMetric Property Plc

Andrew Jones / Martin McGann / Ritesh Patel / Gareth Price

Tel: +44 (0) 20 7484 9000

 

FTI Consulting

Dido Laurimore/ Richard Gotla / Andrew Davis

Tel: +44 (0) 20 3727 1000

 

About LondonMetric Property Plc

LondonMetric is the UK's leading triple net lease REIT with a £6 billion
portfolio aligned to structurally supported sectors of logistics, healthcare,
convenience, entertainment and leisure. It owns and manages desirable real
estate that meets occupiers' demands, delivers reliable, repetitive and
growing income-led returns and outperforms over the long term.

 

Further information is available at www.londonmetric.com
(http://www.londonmetric.com)

 

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