LMP reshapes portfolio with asset sales, acquisitions and Q1 dividend scrip
LondonMetric Property sold 32 assets for £175m, bought £62m for a 5.9% yield, and agreed a £20m forward deal for a 20-year Tesco store. Company declared a 3.15p Q1 dividend with a scrip option.
9% yield and agreeing a £20m forward fund for a 20-year Tesco store. 15p Q1 dividend with a scrip option. LondonMetric added that BlackRock holds 8,815,135 shares.