The REIT has made the update ahead of its AGM earlier today.

Since 1st April 2026, LondonMetric has undertaken £139m of investment transactions and added £6.7m pa of rental income from 72 asset management initiatives.

This has included 49 rent reviews adding £4.3m in income, reflecting average uplifts of 16% above precious passing rent on a five yearly equivalent basis.

Elsewhere, 23 lettings and regears added £2.4m in income.

New leasing activity has reduced vacancy rates across the portfolio to 1.7%.

•   The Finance Professional Show 2025: The Video
•   LondonMetric grows rental income to £450m
•   LondonMetric rental income hits £221m

In terms of acquisitions, LondonMetric has spent £42.5m across five assets and there is an additional £48m of purchases currently with solicitors.

"Our disposal activity of non-core assets remains strong, with c.£100, of sales since the start of the financial year, and we are re-investing into quality NNN assets across the convenience food sector let to very strong occupiers,” said Andrew Jones, CEO at LondonMetric (pictured above).

“Furthermore, rent reviews, renewals and lettings continue to deliver significant rental growth, further improving our sector leading portfolio metrics.

"While the market remains tight for quality opportunities, we are seeing a greater number of attractive deals, particularly across development fundings and asset sales from pension funds."