Table of Contents
What does Land Securities do?
At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential.
Is Land Securities a REIT?
Landsec has been a Real Estate Investment Trust (REIT) since the UK introduced the status in 2007. REITs exist in many countries and are widely understood as a cost-efficient way to invest in property; as it moves responsibility for the payment of tax from the REIT to its shareholders.
Is land security a PLC?
Land Securities Group PLC is a holding company that buys, sells and manages commercial properties.
When was Landsec founded?
February 15, 1944
Who owns land SEC?
Land Securities Group PLC is a holding company that buys, sells and manages commercial properties….LAND SECURITIES.
|Mark Christopher Allan||Chief Executive Officer & Director|
|Vanessa Kate Simms||Chief Financial Officer & Executive Director|
Is British land a REIT?
As a Real Estate Investment Trust (REIT), British Land must follow certain rules relating to money it distributes to shareholders, and how those distributions are taxed. British Land can also distribute taxed income from its other activities, known as a Non-Property Income Distribution, or ‘non-PID’.
How many employees does Landsec have?
Landsec has 530 employees and is ranked 4th among it’s top 10 competitors.
How are PIDs taxed?
PID & non-PID dividend payments PIDs are taxable as property letting income in the hands of tax-paying shareholders, but treated separately from any other property letting income which shareholders may receive.
What do British Land do?
We are a leading UK property company. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities.
Who are Landsec competitors?
Landsec’s top 9 competitors are Intu, Grosvenor, The British Land, Capital & Counties Properties PLC, Derwent London, The Crown Estate, D&A Building Services, Mucklow and Ellandi.
What is a PID dividend?
PID & non-PID dividend payments Profits distributed as PID dividends are paid out of British Land’s tax-exempt profits and therefore are potentially fully taxable in shareholders’ hands as property letting income. Certain classes of shareholder are eligible to receive gross PID dividends.
Do REITs pay out dividends?
Real Estate Investment Trusts, or REITs, are known for their dividends. The average dividend yield for equity REITs is right around 4.3%. However, there are some high-dividend REITs out there that pay significantly more than average. The dividend yield on a REIT is based on its current stock price.
Where is the Land Securities Investment Trust located?
It is headquartered in London, England, and traded on the London Stock Exchange, and is a constituent of the FTSE 100 Index. The Group traces its origins to 1944, when its founder Harold Samuel purchased Land Securities Investment Trust Limited, which owned three houses in Kensington and some government stock.
When did Land Securities change its name to Landsec?
On 12 June 2017, Land Securities rebranded as Landsec. The registered company name remains Land Securities Group PLC. In 2019, Landsec launched a flexible office product called Myo.
How much does it cost to invest in Land Securities?
As an example Land Securities has no ongoing charges, but according to the Association of Investment Companies ( AIC) Regional REIT charges 4.23%, but 5.88% when a performance fee (%) is taken into account. Regional REIT is going to have to outperform Land Securities by 5.88% just to break even with it.
Which is the largest commercial property company in the UK?
Landsec (formerly Land Securities) is the UK’s largest commercial property company and a member of the FTSE 100. The company owns and manages more than 26 million sq ft of property, from shopping centres to London offices.