- British Land reported an underlying profit of GBP155 million, surpassing the estimated GBP150.4 million.
- Underlying earnings per share (EPS) stood at 15.4p, beating the expected 15.1p.
- The company declared a dividend per share of 12.32p, above the estimate of 11.82p.
- EPRA net tangible assets per share were slightly below expectations at 579p versus an estimate of 583p.
- The portfolio value at the period’s end was GBP9.80 billion, higher than the estimated GBP9.75 billion.
- British Land’s loan to value ratio was 39.1%, compared to the anticipated 38.3%.
- IFRS net assets amounted to GBP5.82 billion, below the expected GBP5.9 billion.
- The company attributes its strong position to strategic decisions made in 2021, maintaining leadership in London office campuses and retail parks amid a significant shortage of prime office space in Central London.
- Analyst recommendations include 11 buy ratings, 8 hold ratings, and 2 sells.
A look at British Land Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
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, known for its strategic investments in income-producing commercial properties, has received positive Smart Scores across various key factors for its long-term outlook. With top scores in Value, Growth, and Dividend categories, the company demonstrates strong potential for growth and profitability. The high Value score reflects the company’s attractive pricing relative to its fundamentals, indicating a promising investment opportunity. Moreover, the impressive Growth score suggests a bright future for British Land Co in terms of expanding its portfolio and generating returns for investors. Additionally, the solid Dividend score highlights the company’s ability to provide consistent and rewarding payouts to its shareholders.
While British Land Co excels in Value, Growth, and Dividend aspects, its slightly lower scores in Resilience and Momentum are areas to monitor. A Resilience score of 3 implies moderate strength in navigating market challenges, showcasing the company’s ability to withstand economic fluctuations. The Momentum score of 4 indicates a stable performance trajectory, reflecting the company’s steady progress in the market. Overall, British Land Company plc, with its diversified portfolio spanning various commercial property sectors, presents a compelling investment opportunity for those seeking long-term growth potential and steady dividends.
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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