British Land Company (BLND)

Sector:

Property Investment Trusts

Index:

FTSE 100

387.20p
   
  • Change Today:
      9.00p
  • 52 Week High: 424.40
  • 52 Week Low: 321.20
  • Currency: UK Pounds
  • Shares Issued: 1,024.40m
  • Volume: 4,962,075
  • Market Cap: £3,966.49m
  • RiskGrade: 188
  • Beta: 0.00

Dividend Data

  31-Mar-2631-Mar-2531-Mar-2431-Mar-2331-Mar-22
Interim Dividend12.32p12.24p12.16p11.60pn/a
Final Dividend10.80p10.56p10.64p11.04pn/a
Total Dividend23.12p22.80p22.80p22.64pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Continuing Operations          
Revenue 523.00 454.00 575.00 418.00 412.00
Operating Profit/(Loss) 595.00 487.00 134.00 (629.00) 845.00
Net Interest (117.00) (103.00) (96.00) 28.00 5.00
Profit Before Tax 450.00 342.00 15.00 (1,034.00) 963.00
Profit After Tax 454.00 338.00 1.00 (1,039.00) 965.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 454.00 338.00 1.00 (1,039.00) 965.00
Attributable to:          
Equity Holders of Parent Company 454.00 338.00 (1.00) (1,039.00) 963.00
Minority Interests n/a n/a 2.00 (1.00) 2.00
           
Continuing EPS          
Earnings per Share - Basic 45.40p 35.10p (0.100p) (112.00p) 103.80p
Earnings per Share - Diluted 45.30p 35.00p (0.100p) (112.00p) 103.50p
Earnings per Share - Adjusted 28.90p 28.50p 28.60p 28.40p 27.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 45.40p 35.10p (0.100p) (112.00p) 103.80p
Earnings per Share - Diluted 45.30p 35.00p (0.100p) (112.00p) 103.50p
Earnings per Share - Adjusted 28.90p 28.50p 28.60p 28.40p 27.00p
           
Dividend per Share 23.12p 22.80p 22.80p 22.64p 21.92p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Assets          
Non-Current Assets          
Property, Plant & Equipment 14.00 16.00 19.00 22.00 27.00
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 6,398.00 6,130.00 5,229.00 2,264.00 2,562.00
Investments 2,648.00 2,510.00 2,483.00 5,677.00 7,032.00
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 42.00 73.00 79.00 144.00 97.00
  9,102.00 8,729.00 7,810.00 8,107.00 9,718.00
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 34.00 36.00 34.00 34.00 60.00
Cash at Bank & in Hand 176.00 57.00 88.00 125.00 111.00
Current Asset Investments n/a 22.00 n/a n/a n/a
Other Current Assets 48.00 31.00 42.00 24.00 21.00
  258.00 146.00 164.00 183.00 192.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 9,360.00 8,875.00 7,974.00 8,290.00 9,910.00
           
Liabilities          
Current Liabilities          
Borrowings 802.00 574.00 270.00 402.00 189.00
Other Current Liabilities 3.00 8.00 8.00 282.00 278.00
  805.00 582.00 278.00 684.00 467.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 2,475.00 2,417.00 2,202.00 1,865.00 2,427.00
Provisions 1.00 3.00 5.00 4.00 n/a
Other Non-Current Liabilities 147.00 163.00 177.00 212.00 248.00
  2,623.00 2,583.00 2,384.00 2,081.00 2,675.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 3,428.00 3,165.00 2,662.00 2,765.00 3,142.00
           
Net Assets 5,932.00 5,710.00 5,312.00 5,525.00 6,768.00
           
Capital & Reserves          
Share Capital 253.00 253.00 235.00 234.00 234.00
Share Premium Account 1,591.00 1,589.00 1,310.00 1,308.00 1,307.00
Other Reserves 221.00 226.00 226.00 228.00 218.00
Retained Earnings 3,867.00 3,642.00 3,528.00 3,742.00 4,994.00
Shareholders Funds 5,932.00 5,710.00 5,299.00 5,512.00 6,753.00
           
Minority Interests/Other Equity n/a n/a 13.00 13.00 15.00
Total Equity 5,932.00 5,710.00 5,312.00 5,525.00 6,768.00
Cash Flow 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Net Cash Flow From Operating Activities 309.00 270.00 409.00 240.00 245.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (202.00) (853.00) (172.00) 326.00 (385.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 12.00 552.00 (274.00) (552.00) 60.00
Net Increase/Decrease In Cash 119.00 (31.00) (37.00) 14.00 (80.00)
Ratios - based on IFRS 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Continuing Operations          
PE Ratio - Adjusted 12.3 13.0 13.8 13.7 19.6
PEG - Adjusted 12.3 n/a 13.8 2.7 n/a
Earnings per Share Growth - Adjusted 1% -0% 1% 5% n/a
Dividend Cover 1.25 1.25 1.25 1.25 1.23
Revenue per Share 51.05p 44.32p 62.03p 45.09p 44.44p
Pre-Tax Profit per Share 43.93p 33.38p 1.62p (111.54p) 103.88p
Operating Margin 113.77% 107.27% 23.30% (150.48%) 205.10%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.3 13.0 13.8 13.7 19.6
PEG - Adjusted 12.3 n/a 13.8 2.7 n/a
Earnings per Share Growth - Adjusted 1% -0% 1% 5% n/a
Dividend Cover 1.25 1.25 1.25 1.25 1.23
           
Dividend Yield 6.5% 6.2% 5.8% 5.8% 4.1%
Dividend per Share Growth 1.40% n/a 0.71% 3.28% 45.74%
Operating Cash Flow per Share 30.16p 26.36p 44.12p 25.89p 26.43p
Cash Incr/Decr per Share 11.62p (3.03p) (3.99p) 1.51p (8.63p)
Net Asset Value per Share (exc. Intangibles) 579.07p 557.40p 573.03p 596.01p 730.10p
Net Gearing 52.28% 51.38% 44.99% 38.86% 37.09%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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