The British Land Company PLC (BTLCY)
OTHER OTC:BTLCY
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Earnings Data
Report Date
Nov 25, 2026TBA (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.21Last Year’s EPS
0.2Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a materially positive operational and financial picture: record leasing, strong ERV and like‑for‑like rent growth, improved occupancy, accretive M&A and a healthy balance sheet underpin confidence in FY27 earnings and mid-term targets. Headwinds include higher finance costs, margin drag from voids and one-off provision movements, development timing/regulatory delays and market volatility on financing. On balance the operational outperformance and visible earnings derisking outweigh the noted challenges.Company Guidance
Strong Like-for-Like Rent Growth
Like-for-like net rents grew 6% in FY26, adding 2.1p to EPS; Campus like-for-like growth was 12% while Retail delivered 2% growth.
Record Campus Leasing and Occupancy Improvement
Campuses completed a record 1.7 million sq ft of leasing (20% ahead of previous passing rents and 6% ahead of ERV), driving EPRA occupancy from 92% to 95% and specific deals such as Anthropic (158,000 sq ft) and Norton Folgate (94% let).
ERV and Valuation Momentum
Portfolio ERV grew 4.9% (at the top end of the 3%–5% guidance) and portfolio values rose 2.3% in FY26, contributing to NTA per share rising 4% to 590p.
Delivery of Financial Targets and Dividend
Underlying profit up 5% and underlying EPS up 1%; total accounting return 8.1% (within the 8%–10% target); final dividend 10.8p, total payout 23.12p (up 1%).
Earnings Derisking and FY27 Guidance
Development leasing and standing portfolio strength provide visibility into FY27: guidance of at least 30.5p EPS for FY27 (c.6% growth), and like-for-like guidance at the top end of 3%–5% for FY27.
Accretive M&A — Life Science REIT Acquisition
Acquisition of Life Science REIT was immediately earnings accretive and NTA-neutral, adding c.0.3p to FY27 EPS, with GBP 10m transaction costs; science & tech now ~35% of Campus footprint pro forma.
Retail Parks: Very High Occupancy and Rental Momentum
Retail Parks occupancy at 99%, rental growth c.4.4% reported last year, ERV growth on Retail Parks (Kelly noted) and leasing of 1.5m sq ft at c.9% above ERV; footfall >13% above U.K. retail benchmark since 2019.
Balance Sheet and Liquidity Strength
LTV 39.2%, net debt/EBITDA 7.7x, Fitch rating A stable, GBP 1.6bn liquidity and no refinancing requirement until 2029; over GBP 3bn of financing activity completed in year.
BTLCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BTLCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 19, 2025 | $4.88 | $4.82 | -1.23% |
May 22, 2025 | $5.32 | $5.03 | -5.53% |
Nov 20, 2024 | $4.58 | $4.51 | -1.51% |
May 22, 2024 | $4.64 | $4.74 | +2.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does The British Land Company PLC (BTLCY) report earnings?
The British Land Company PLC (BTLCY) is schdueled to report earning on Nov 25, 2026, TBA (Confirmed).
What is The British Land Company PLC (BTLCY) earnings time?
The British Land Company PLC (BTLCY) earnings time is at Nov 25, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BTLCY EPS forecast?
BTLCY EPS forecast for the fiscal quarter 2027 (Q2) is 0.21.