British Land Company plc (GB:BLND) has released an update.
British Land Company plc reports a robust financial performance with a 2% increase in Underlying Profit to £268m and a stable portfolio valuation in the second half, reflecting strong operational momentum and effective cost discipline. The company’s strategic focus on campuses, retail parks, and London urban logistics led to an accelerated Estimated Rental Value growth of 5.9%, surpassing guidance and outperforming the MSCI benchmark. Despite uncertainties in the geopolitical and economic landscape, British Land anticipates generating attractive future returns with a portfolio yield over 6% and forecast rental growth of 3-5%.
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