British Land Company PLC
BLND
ISIN GB0001367019 / Valor 374930
British Land Company PLC
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About company
British Land Company PLC is a real estate investment trust that focuses on owning and managing world-class campuses and retail spaces. Their portfolio includes properties that cater to both businesses and individuals, providing spaces where people can thrive. Additionally, the company is involved in retail and fulfillment, offering formats that support the growth of online retail. With a strong emphasis on creating environments that foster success and innovation, British Land Company PLC plays a significant role in shaping the landscape of commercial and retail real estate in the UK.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Income Growth
British Land Company PLC reported a 3.4% increase in underlying profit for the half-year period ending 30 September 2023. This growth was driven by strong leasing activity and effective cost control measures. The company’s underlying earnings per share also rose by 3.4%, reaching 15.2p.
Dividend Increase
For the six months ending 30 September 2023, British Land Company PLC declared a dividend per share of 12.16p, marking a 4.8% increase compared to the previous period. This reflects the company's commitment to returning value to shareholders amidst a challenging economic environment.
Occupancy Rates
British Land Company PLC maintained a high portfolio occupancy rate of 96% during the first half of the fiscal year 2024. This includes 94% occupancy in campuses, 99% in retail parks, and 100% in London urban logistics, showcasing the strong demand across its diversified property portfolio.
ERV Growth
The company experienced an overall ERV (Estimated Rental Value) growth of 3.2% for the period ending 30 September 2023. This growth was segmented into 3.2% for campuses, 4.0% for retail parks, and 3.1% for London urban logistics, indicating robust rental performance across its key markets.
Balance Sheet Metrics
As of 30 September 2023, British Land Company PLC reported an EPRA Net Tangible Assets per share of 565p, a decrease of 3.9% from the previous fiscal year. The company's Loan to Value ratio stood at 36.9%, slightly up from 36.0% at the end of FY23, while Group Net Debt to EBITDA improved to 6.0x from 6.4x.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4469 M
Market cap (USD)
1,284,539
Daily traded volume (Shares)
3.556 / 3.528
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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