BLND Stock Overview
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK.
British Land Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£5.23|
|52 Week High||UK£5.64|
|52 Week Low||UK£4.42|
|1 Month Change||3.20%|
|3 Month Change||3.44%|
|1 Year Change||4.48%|
|3 Year Change||-1.80%|
|5 Year Change||-17.51%|
|Change since IPO||107.54%|
Recent News & Updates
|BLND||GB REITs||GB Market|
Return vs Industry: BLND exceeded the UK REITs industry which returned 2.7% over the past year.
Return vs Market: BLND exceeded the UK Market which returned -3% over the past year.
|BLND Average Weekly Movement||4.5%|
|REITs Industry Average Movement||3.4%|
|Market Average Movement||6.0%|
|10% most volatile stocks in GB Market||11.4%|
|10% least volatile stocks in GB Market||3.0%|
Stable Share Price: BLND is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BLND's weekly volatility (4%) has been stable over the past year.
About the Company
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles - Places People Prefer.
British Land Fundamentals Summary
|BLND fundamental statistics|
Is BLND overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BLND income statement (TTM)|
|Cost of Revenue||UK£129.00m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.03|
|Net Profit Margin||194.72%|
How did BLND perform over the long term?See historical performance and comparison
4.2%Current Dividend Yield
Does BLND pay a reliable dividends?See BLND dividend history and benchmarks
|British Land dividend dates|
|Ex Dividend Date||Jun 23 2022|
|Dividend Pay Date||Jul 29 2022|
|Days until Ex dividend||27 days|
|Days until Dividend pay date||63 days|
Does BLND pay a reliable dividends?See BLND dividend history and benchmarks
Is British Land undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLND (£5.23) is trading below our estimate of fair value (£6.4)
Significantly Below Fair Value: BLND is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BLND is good value based on its Price-To-Earnings Ratio (5.1x) compared to the UK REITs industry average (9.4x).
PE vs Market: BLND is good value based on its Price-To-Earnings Ratio (5.1x) compared to the UK market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: BLND's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BLND is good value based on its Price-To-Book Ratio (0.7x) compared to the GB REITs industry average (0.9x).
How is British Land forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLND's earnings are forecast to decline over the next 3 years (-25.5% per year).
Earnings vs Market: BLND's earnings are forecast to decline over the next 3 years (-25.5% per year).
High Growth Earnings: BLND's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BLND's revenue is expected to decline over the next 3 years (-3.7% per year).
High Growth Revenue: BLND's revenue is forecast to decline over the next 3 years (-3.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLND's Return on Equity is forecast to be low in 3 years time (3.7%).
How has British Land performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLND has a large one-off gain of £678.0M impacting its March 31 2022 financial results.
Growing Profit Margin: BLND became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BLND's earnings have declined by 26.6% per year over the past 5 years.
Accelerating Growth: BLND has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BLND has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (129.6%).
Return on Equity
High ROE: BLND's Return on Equity (14.3%) is considered low.
How is British Land's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BLND's short term assets (£134.0M) do not cover its short term liabilities (£434.0M).
Long Term Liabilities: BLND's short term assets (£134.0M) do not cover its long term liabilities (£2.7B).
Debt to Equity History and Analysis
Debt Level: BLND's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: BLND's debt to equity ratio has increased from 36.1% to 40.3% over the past 5 years.
Debt Coverage: BLND's debt is not well covered by operating cash flow (9%).
Interest Coverage: BLND's interest payments on its debt are well covered by EBIT (16.2x coverage).
What is British Land current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BLND's dividend (4.19%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: BLND's dividend (4.19%) is low compared to the top 25% of dividend payers in the UK market (4.82%).
Stability and Growth of Payments
Stable Dividend: BLND's dividend payments have been volatile in the past 10 years.
Growing Dividend: BLND's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.3%), BLND's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (82.9%), BLND's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Simon Carter (45 yo)
Mr. Simon Carter, MA, ACA, had been Chief Financial Officer of British Land Company Plc from May 21, 2018 to November 18, 2020 and serves its Director since May 2018. He serves as Chief Executive Officer o...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD1.44M) is below average for companies of similar size in the UK market ($USD3.35M).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
Experienced Management: BLND's management team is considered experienced (2.3 years average tenure).
Experienced Board: BLND's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BLND insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
British Land Company Plc's employee growth, exchange listings and data sources
- Name: British Land Company Plc
- Ticker: BLND
- Exchange: LSE
- Founded: 1856
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: UK£4.847b
- Shares outstanding: 926.85m
- Website: https://www.britishland.com
Number of Employees
- British Land Company Plc
- York House
- 45 Seymour Street
- Greater London
- W1H 7LX
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/25 00:00|
|End of Day Share Price||2022/05/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.