- British Land’s underlying profit for the first half reached GBP 143 million, surpassing estimates of GBP 134.7 million and marking a slight increase of 0.7% year-on-year.
- Earnings per share (EPS) stood at 15.3p, higher than both the previous year’s 15.2p and the estimated 14.6p.
- A dividend per share of 12.24p was announced, exceeding the estimate of 11.68p.
- The EPRA net tangible assets per share were reported at 567p, comparing favorably to both the previous year’s 562p and the estimated 560p.
- The company anticipates the full-year 2025 underlying EPS to reach 28.1p.
- British Land forecasts a rental growth of 3-5% across its portfolio, driven by strong occupational market conditions and disciplined cost management.
- Profits have grown despite significant development activities, attributed to strong leasing levels and cost control.
- Since April, British Land has sold £456 million of non-core assets and invested £711 million into retail parks, chosen for their strong occupational fundamentals and high occupancy rates.
- Analyst ratings include 10 buy recommendations, 9 holds, and 2 sells.
A look at British Land Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
British Land Company plc’s long-term outlook appears promising based on the Smartkarma Smart Scores. With top scores in both Value and Dividend, the company is positioned well in terms of its financial strength and ability to provide consistent returns to investors. Additionally, the above-average Momentum score reflects a positive market sentiment surrounding the company’s future prospects.
However, challenges may lie ahead as indicated by the lower scores in Growth and Resilience. While the Growth score suggests some room for improvement in the company’s expansion strategies, the Resilience score highlights potential vulnerabilities to economic fluctuations. Overall, British Land Co‘s diversified portfolio of commercial properties underscores its commitment to maximizing growth potential amid evolving market conditions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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