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£5.01|
|52 Week High||UK£3.16|
|52 Week Low||UK£5.51|
|1 Month Change||-5.22%|
|3 Month Change||-3.39%|
|1 Year Change||55.65%|
|3 Year Change||-18.74%|
|5 Year Change||-20.76%|
|Change since IPO||98.89%|
Recent News & Updates
|BLND||GB REITs||GB Market|
Return vs Industry: BLND exceeded the UK REITs industry which returned 37.4% over the past year.
Return vs Market: BLND exceeded the UK Market which returned 24.5% over the past year.
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£180.00m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 17, 2021
|Earnings per share (EPS)||-1.11|
|Net Profit Margin||-197.89%|
How did BLND perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is British Land undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLND (£5.01) is trading below our estimate of fair value (£5.56)
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 unprofitable, so we can't compare its PE Ratio to the UK REITs industry average.
PE vs Market: BLND is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BLND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BLND is good value based on its PB Ratio (0.8x) 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 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: BLND is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BLND's is expected to become profitable in the next 3 years.
Revenue vs Market: BLND's revenue is expected to decline over the next 3 years (-1.3% per year).
High Growth Revenue: BLND's revenue is forecast to decline over the next 3 years (-1.3% 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 (3.8%).
How has British Land performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLND is currently unprofitable.
Growing Profit Margin: BLND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BLND is unprofitable, and losses have increased over the past 5 years at a rate of 71.2% per year.
Accelerating Growth: Unable to compare BLND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BLND is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (46.5%).
Return on Equity
High ROE: BLND has a negative Return on Equity (-18.1%), as it is currently unprofitable.
How is British Land's financial position?
Financial Position Analysis
Short Term Liabilities: BLND's short term assets (£236.0M) do not cover its short term liabilities (£387.0M).
Long Term Liabilities: BLND's short term assets (£236.0M) do not cover its long term liabilities (£2.5B).
Debt to Equity History and Analysis
Debt Level: BLND's debt to equity ratio (42.4%) is considered high.
Reducing Debt: BLND's debt to equity ratio has increased from 40.5% to 42.4% over the past 5 years.
Debt Coverage: BLND's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: BLND's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is British Land current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BLND's dividend (2.65%) is higher than the bottom 25% of dividend payers in the UK market (1.35%).
High Dividend: BLND's dividend (2.65%) is low compared to the top 25% of dividend payers in the UK market (3.91%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51%), BLND's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BLND's dividends in 3 years are forecast to be covered by earnings (85% payout ratio).
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 ($USD1.57M) is about average for companies of similar size in the UK market ($USD2.10M).
Compensation vs Earnings: Simon's compensation has increased whilst the company is unprofitable.
Experienced Management: BLND's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: BLND's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
- Market Cap: UK£4.645b
- Shares outstanding: 926.72m
- 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||2021/09/24 22:53|
|End of Day Share Price||2021/09/24 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.