British Land Co

BLND: 556.00 +2.20 (+0.40%) delayed: 15 Nov 2019, 18:45

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British Land Co Fundamentals

Share Price Information

Name British Land Co
Epic BLND
Sector Diversified REITs
ISIN GB0001367019
Activites British Land Co plc's portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. It owns or manages a portfolio valued at £16.2 billion (British Land share: £12.3 billion) as at 31 March 2019 making it one of Europe's largest listed real estate investment companies. Its Retail portfolio is focused on Regional and Local multi-let centres, and accounts for 48% of its portfolio. Its Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 49% of its portfolio. Increasingly its focus is on providing a mix of uses and this is most evident at Canada Water, its 53 acre redevelopment opportunity where it has plans to create a new neighbourhood for London.
Index FTSE 100

Key numbers

Latest Share price (p) 556.00 Net gearing (%) 27.13
Market capitalisation (£m) 5,131.67 Gross gearing (%) 29.10
Shares in issue (m) 926.63 Debt ratio 26.63
P/E ratio -18.46 Debt-to-equity ratio 0.88
Total dividends per share (p) 31.00 Assets / equity ratio 1.41
Dividend yield (%) 5.82 Price to book value 0.59
Dividend cover 0.00 ROCE (%) -2.69
Earning per share (p) -30.00 EPS growth (%) -161.60
52-week high / low (p) 649.40 / 465.30 DPS growth (%) 3.06

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Mar 2019 Full Year 904 -320 -30.00 GBP
31 Mar 2018 Full Year 639 507 48.70 GBP
31 Mar 2017 Full Year 589 196 18.80 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 02 Jan 2020 07 Feb 2020 7.98 GBX 0.00
Q1 Dividend 03 Oct 2019 08 Nov 2019 7.98 GBX 0.00
H2 Dividend 27 Jun 2019 02 Aug 2019 7.75 GBX 31.00
Q3 Dividend 28 Mar 2019 03 May 2019 7.75 GBX 0.00
H1 Dividend 03 Jan 2019 08 Feb 2019 7.75 GBX 0.00
Q1 Dividend 04 Oct 2018 09 Nov 2018 7.75 GBX 0.00
H2 Dividend 28 Jun 2018 03 Aug 2018 7.52 GBX 30.08
Q3 Dividend 29 Mar 2018 04 May 2018 7.52 GBX 0.00
H1 Dividend 04 Jan 2018 09 Feb 2018 7.52 GBX 0.00
Q1 Dividend 05 Oct 2017 10 Nov 2017 7.52 GBX 0.00
H2 Dividend 29 Jun 2017 04 Aug 2017 7.30 GBX 29.20
Q3 Dividend 30 Mar 2017 05 May 2017 7.30 GBX 0.00
H1 Dividend 05 Jan 2017 10 Feb 2017 7.30 GBX 0.00
Q1 Dividend 06 Oct 2016 11 Nov 2016 7.30 GBX 0.00
H2 Dividend 30 Jun 2016 05 Aug 2016 7.09 GBX 28.36
Q3 Dividend 31 Mar 2016 06 May 2016 7.09 GBX 0.00
H1 Dividend 07 Jan 2016 12 Feb 2016 7.09 GBX 0.00
Q1 Dividend 01 Oct 2015 06 Nov 2015 7.09 GBX 0.00
H2 Dividend 02 Jul 2015 07 Aug 2015 6.92 GBX 27.68
Q3 Dividend 26 Mar 2015 06 May 2015 6.92 GBX 0.00
H1 Dividend 08 Jan 2015 13 Feb 2015 6.92 GBX 0.00

Contact details

Company name British Land
Address York House, 45 Seymour Street, London W1H 7LX.
Telephone +44 (0)20 7486 4466
Website http://www.britishland.co.uk/

Advisors

Company's broker UBS Investment Bank
Company's joint broker Morgan Stanley Securities
NOMAD UBS Investment Bank
Registrar Equiniti
Auditors PricewaterhouseCoopers LLP
Solicitors S J Berwin LLP

Directors

Appointed Director Position
12 Jan 2009 Christopher Montague Grigg Chief Executive
21 May 2018 Simon Geoffrey Carter Chief Financial Officer
20 Mar 2014 Timothy Score Non-Executive Chairman
01 Jan 2018 Rebecca Jane Worthington Non-Executive Director
13 May 2015 Laura Katharine Wade-Gery Non-Executive Director
01 Sep 2017 Preben Prebensen Non-Executive Director
19 Dec 2016 Sir Nicholas Ian Macpherson Non-Executive Director
11 Apr 2011 William Nicholas Jackson Non-Executive Director
01 Jan 2018 Alastair James Hughes Non-Executive Director
20 Mar 2015 Prof Lynn Gladden Non-Executive Director

Company financials

Assets (£m) 2019 2018 2017
Reporting date 31 Mar 2019 31 Mar 2018 31 Mar 2017
Tangible assets 9,004 9,597 9,167
Intangible asssets and goodwill 0 0 0
Investments and other non-current assets 2,866 3,115 3,141
Total non-current assets 11,870 12,712 12,308
Inventory / work in progress 87 328 334
Trade and other receivables 57 35 171
Cash and equivalents 242 105 114
Other current assets and asset held for resale 0 0 540
Total of all assets 12,256 13,180 13,467
Liabilities (£m) 2019 2018 2017
Short term liabilities 413 373 952
Long term liabilities 3,154 3,301 3,039
Other liabilites / pension etc 0 0 0
Total of all liabilities 3,567 3,674 3,991
Net assets (£m) 2019 2018 2017
Net assets 8,689 9,506 9,476
Equity (£m) 2019 2018 2017
Share capital 240 248 260
Minority interests 211 254 255
Retained earnings 6,686 7,458 7,547
Share premium account 1,302 1,300 1,298
Other equity 250 246 116
Total equity 8,689 9,506 9,476
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 613 353 363
Cashflow before financing 800 699 833
Increase / decrease in Cash 137 -9 0
Income (£m) 2019 2018 2017
Turnover 904 639 589
Cost of sales 0 200 148
Gross profit 0 439 441
Operating profit -206 728 260
Pre-tax profit -319 501 195
Profit / loss for the year -320 507 196