LondonMetric Gains JPMorgan Backing with Overweight Rating 

JPMorgan has resumed coverage of LondonMetric Property (LON:LMP) with an Overweight rating and set a price target of 215 pence, signalling upside for the FTSE 250 property group. 

Analyst Vanessa Guy said the UK real estate sector could see a re-rating over the next 12 to 18 months, driven by operational resilience and alleviating rate headwinds.

The positive call from JPMorgan adds to a growing consensus among brokers that LondonMetric is well-positioned in a recovering market. 

In July, Barclays reinstated coverage with an Overweight rating and 225p target, citing its strengthened position in triple net leases following the acquisition of Urban Logistics REIT. 

Last month, BNP Paribas Exane initiated with an Outperform rating and 230p target, pointing to the company’s significant growth through acquisitions. 

Deutsche Bank also began coverage in July with a Buy recommendation and the same target.

LondonMetric has established itself as one of the UK’s leading property investors, with a portfolio concentrated in logistics and long-income assets. 

Analysts argue that the combination of strong tenant demand and easing pressure from interest rates should support rental growth and revaluation gains.

Shares in LondonMetric are down modestly this year (-1.3%).