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Investing.com - BNP Paribas Exane initiated coverage on LondonMetric Property PLC (LON:LMP) (OTC:LNSPF) with an Outperform rating and a price target of GBP2.30.
The research firm highlighted that LondonMetric offers investors a UK-based triple-net lease, long income portfolio, with more than 75% of rents having contractual rent reviews and over 50% of rent being indexed.
BNP Paribas Exane noted that LondonMetric’s asset allocation focuses on four structural consumer themes: changing shopping habits through logistics investments, a shift towards experiences via entertainment and leisure properties, the rising value of time and lifestyle businesses, and investments related to aging population and health consciousness.
The firm also pointed to LondonMetric’s strong track record of strategically pivoting into and out of subsectors to align with market themes.
BNP Paribas Exane further emphasized the company’s ability to generate alpha through asset selection within its portfolio strategy.
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