Real Estate · Shares inside your ETFs
Landsec in your ETF: how much you own, and the share price
Landsec is a UK property company in the FTSE 100, but it’s a tiny part of a FTSE 100 ETF and a big part of a UK property ETF. Here’s its share price, what being a REIT means, how it has done over 10 years, and how much of it sits inside the ETFs UK investors can buy.
By The Off-Duty Economist Last reviewed Fund holdings to 13 October 2026
The short version
- Landsec was about 0.2% of a FTSE 100 ETF in 2026, around 75th of about 100 companies. So £1,000 in a FTSE 100 ETF puts about £2 into Landsec.
- A UK property ETF holds about 10%: it was the second-largest holding in the iShares UK Property ETF.
- Landsec is a real estate investment trust (REIT), so it must pay out at least 90% of its qualifying property profits to shareholders.
- By Landsec's own figures, £100 invested in March 2016 was worth about £81 ten years later, even with dividends reinvested. The FTSE 100 turned £100 into about £241.
Part of Shares inside your ETFs, which covers one company from each of the 11 stock market sectors. New to funds? Start with what an ETF is.
- 0.2%of a FTSE 100 ETF is Landsec (iShares, 13 October 2026)
- 10%of the iShares UK Property ETF is Landsec, its second-largest holding
- 90%of its qualifying property profits a REIT must pay out to shareholders
Landsec's share price today
Land Securities Group, known as Landsec, trades on the London Stock Exchange under the ticker LAND, so the price is in pence.
Landsec (LAND) live share price
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Which ETFs hold Landsec?
Every fund that tracks the UK stock market holds Landsec, but because it’s one of the smaller FTSE 100 companies it’s a tiny slice of each. Property funds hold far more. The table shows seven ETFs that UK investors can buy on the London Stock Exchange, with Landsec’s share of each.
It’s a list of which funds hold Landsec and how much, not a list of funds to buy. Each fund’s name links to its full profile.
| Fund | What it tracks | London tickers | Landsec's share | Landsec in every £1,000 | Yearly charge | Fund size |
|---|---|---|---|---|---|---|
| iShares UK Property UCITS ETF | FTSE EPRA Nareit UK (UK property companies) | IUKP | 10.04% | £100 | 0.40% | £359m |
| iShares MSCI Target UK Real Estate UCITS ETF | UK property companies, plus index-linked gilts | UKRE | 5.96% | £60 | 0.40% | £144m |
| Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C | FTSE EPRA Nareit Developed Europe (European property companies, UK included) | XDER | 2.97% | £30 | 0.33% | £499m |
| iShares UK Dividend UCITS ETF | FTSE UK Dividend+ (about 50 high-yielding UK companies) | IUKD | 2.00% | £20 | 0.40% | £1.3bn |
| iShares Developed Markets Property Yield UCITS ETF | Property companies in developed markets, UK included | IWDP | 0.41% | £4 | 0.59% | £807m |
| iShares Core FTSE 100 UCITS ETF (Dist) | FTSE 100 | ISF | 0.20% | £2 | 0.07% | £16.2bn |
| Vanguard FTSE 100 UCITS ETF (GBP) Distributing | FTSE 100 | VUKE | 0.19% | £2 | 0.09% | £4.6bn |
Holdings are from the providers’ full holdings lists: iShares on 13 October 2026 (30 September for iShares UK Dividend) and Vanguard at 31 August 2026. The Xtrackers figure is from justETF, at 31 August 2026. The iShares MSCI Target UK Real Estate ETF holds index-linked gilts as well as property shares. Fund sizes are in pounds.
Landsec is a tenth of a UK property ETF, but a fifth of 1% of a FTSE 100 ETF
Landsec's share of each fund's holdings
- Property funds
- UK index and dividend funds
Source: fund holdings from justETF, plus fund providers' full holdings lists where shown in the sources, consulted 14 October 2026. Holdings as at 13 October 2026 for the iShares funds except iShares UK Dividend (30 September), 31 August for Vanguard FTSE 100 and Xtrackers. Weights change every day. Chart: Invest in ETFs.
Show the data
| Fund (ticker) | Landsec's share | In every £1,000 | Holdings as at |
|---|---|---|---|
| iShares UK Property (IUKP) | 10.04% | £100 | 13 Oct 2026 |
| iShares MSCI Target UK Real Estate (UKRE) | 5.96% | £60 | 13 Oct 2026 |
| Xtrackers Europe Real Estate (XDER) | 2.97% | £30 | 31 Aug 2026 |
| iShares UK Dividend (IUKD) | 2.00% | £20 | 30 Sep 2026 |
| iShares Developed Markets Property Yield (IWDP) | 0.41% | £4 | 13 Oct 2026 |
| iShares Core FTSE 100 (ISF) | 0.20% | £2 | 13 Oct 2026 |
| Vanguard FTSE 100 (VUKE) | 0.19% | £2 | 31 Aug 2026 |
A UK property fund holds only a few dozen companies, so the largest ones are a big part of it: in the iShares UK Property ETF, Segro was about a quarter of the fund and Landsec about a tenth. In a world property fund, such as the iShares Developed Markets Property Yield ETF, Landsec was 0.41%.
Landsec's 10-year return
Landsec’s 2026 annual report shows what £100 invested on 31 March 2016 was worth at each 31 March since, with dividends reinvested. It compares Landsec with the FTSE 350 Real Estate Index, which it calls the most appropriate benchmark, and with the FTSE 100.
£100 in Landsec in March 2016 was worth about £81 ten years later, even with dividends reinvested
Value at each 31 March of £100 invested on 31 March 2016, with dividends reinvested (total shareholder return): Landsec against the FTSE 100 and the FTSE 350 Real Estate Index
- Landsec
- FTSE 100
- FTSE 350 Real Estate
Source: Land Securities Group PLC, Annual Report 2026, Directors' remuneration report, Chart 45 (printed page 76): the value by 31 March 2026 of £100 invested in Landsec on 31 March 2016, against the FTSE 350 Real Estate Index (Landsec's main comparison) and the FTSE 100, values as labelled on Landsec's chart and rounded to the nearest pound. Chart: Invest in ETFs.
Show the data
| Period | Landsec | FTSE 100 | FTSE 350 Real Estate | Source |
|---|---|---|---|---|
| 31 March 2016 to 31 March 2017 | £100 | £123 | £100 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2018 | £92 | £124 | £108 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2019 | £95 | £133 | £107 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2020 | £60 | £109 | £92 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2021 | £76 | £132 | £108 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2022 | £91 | £154 | £131 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2023 | £76 | £162 | £93 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2024 | £86 | £176 | £101 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2025 | £77 | £196 | £95 | Landsec Annual Report 2026 |
| 31 March 2016 to 31 March 2026 | £81 | £241 | £90 | Landsec Annual Report 2026 |
By March 2026 the £100 in Landsec was worth about £81: a loss over 10 years, even after dividends. The UK property companies in the FTSE 350 Real Estate Index did a little better, at about £90, while the FTSE 100 as a whole turned £100 into about £241.
It’s a reminder that a whole sector can do badly for a long time, and that a fund concentrated in one sector carries that risk. Past returns don’t tell you what will happen next.
What being a REIT means
Landsec has been a real estate investment trust (REIT) since the UK introduced the status in 2007. Under the REIT rules, its property rental income is tax-exempt inside the company, and in return it must pay out at least 90% of its qualifying property profits to shareholders, as property income distributions (PIDs), within 12 months. HMRC’s rules don’t require a REIT to pay out gains from selling property.
For the year to March 2026, Landsec paid an interim dividend of 19.0p a share, 13.6p of it a PID, and proposed a final dividend of 22.2p, all of it a PID.
PIDs are taxed differently from ordinary dividends. Landsec says they’re subject to withholding tax at 20%. How they’re taxed for you depends on your circumstances and how you hold the shares.
Why property funds hold so much more
Under GICS, the sector system MSCI and S&P use, Landsec is in the Real Estate sector. In the FTSE 100 it’s one of the smaller companies: its stock market value was about £5.1 billion on 14 October 2026, against about £221 billion for Shell, according to the London Stock Exchange.
A UK property ETF is the opposite of a broad index fund. It holds a few dozen companies in one sector, and two of them made up more than a third of the iShares UK Property ETF. That concentration means it can rise and fall much further than a FTSE 100 or world fund.
Landsec and the Real Estate sector
Real Estate covers companies that own, develop and manage property, including REITs that own offices, shops, warehouses and homes. REITs that lend money against property rather than own it stay in Financials. It’s a small part of most broad funds: 1.2% of a FTSE 100 ETF on 13 October 2026, 1.5% of a world ETF and 1.7% of an S&P 500 ETF, using GICS sectors.
Landsec is one company in our series picking one share from each of the 11 stock market sectors. See all 11 sectors and what each one covers.
Landsec shares or an ETF that holds Landsec?
You can own Landsec directly, by buying its shares, or indirectly, through a fund. Here’s how the two compare for a UK investor, using a FTSE 100 ETF as the example.
| Landsec shares | A FTSE 100 ETF | |
|---|---|---|
| What you own | Part of one property company | Part of about 100 UK companies, with Landsec about 0.2% |
| If Landsec's shares fell by a fifth | Your holding falls by a fifth | Landsec's fall alone takes less than 0.1% off the fund |
| Where it trades | London Stock Exchange, in pence | London Stock Exchange, in pounds or pence |
| Stamp duty | 0.5% stamp duty reserve tax when you buy UK shares electronically | None on ETFs (what an ETF costs) |
| Dividends | Mostly property income distributions, which REIT rules require | Dividends from about 100 companies, paid out or reinvested |
| In a stocks and shares ISA | Yes | Yes |
| Yearly cost of holding | No fund charge; platform fees may apply | From 0.07% a year, plus platform fees |
Common questions
- What is a REIT?
- A real estate investment trust: a property company whose rental profits are tax-exempt inside the company, as long as it pays out at least 90% of them to shareholders. Landsec has been one since 2007.
- Why is Landsec such a small part of a FTSE 100 ETF?
- Because index funds hold companies in proportion to their stock market value, and Landsec is one of the smaller companies in the index: about £5.1 billion on 14 October 2026.
- Which ETFs hold the most Landsec?
- Of the funds above, UK property funds: 10.04% of the iShares UK Property ETF on 13 October 2026. A FTSE 100 fund holds about 0.2%.
- Does Landsec pay a dividend?
- Yes, and as a REIT most of it has to be paid as property income distributions. For the year to March 2026 it paid an interim of 19.0p and proposed a final of 22.2p a share.
- Can Landsec shares go in an ISA?
- Yes. Shares count for a stocks and shares ISA if they’re officially listed on a recognised stock exchange, and the London Stock Exchange is one. The ETFs in the table can go in an ISA too.
Before you rely on this page
Sources
- Full holdings lists from iShares for the UK Property, UK Dividend, Developed Markets Property Yield and Core FTSE 100 ETFs, and Vanguard's portfolio data for its FTSE 100 ETF; justETF fund profiles, linked from each fund's name. Consulted 14 October 2026; holdings as at the dates given.
- Land Securities Group PLC, Annual Report 2026 (incorporation, REIT status, dividends and 10-year total shareholder return) and UK REIT regime and dividends
- HM Revenue & Customs, Investment Funds Manual IFM22050 (REIT distribution requirements)
- London Stock Exchange company pages for Land Securities Group and Shell, 14 October 2026
- Sector weights of the iShares Core S&P 500, Core MSCI World and Core FTSE 100 ETFs, BlackRock, as of 13 October 2026
- HM Revenue & Customs, stocks and shares investments for ISA managers; GOV.UK, tax when you buy shares
Sources checked 14 October 2026. Live prices from TradingView.