The earnings call demonstrates strong performance in leasing, asset management, and development, with notable achievements in rental growth and cost efficiency. However, increased finance costs and a higher EPRA cost ratio present challenges. Despite these lowlights, the positive aspects of growth and strategic planning indicate a robust position in the market.
Company Guidance
The guidance provided during the call highlights the company's optimistic outlook on its strategic positioning in Campuses and Retail Parks, which comprise 90% of its business. The company anticipates an attractive total return profile supported by sustainable earnings growth, with guidance pointing to 3% to 5% growth in prime office and retail park sectors. The supply-demand dynamics in the office market, particularly in prime London, are expected to drive strong rental growth, with vacancy for new and refurbished space projected to fall below 2% over the next four years. The company is well-positioned to capture this demand, currently accounting for 7 out of the top 20 leasing deals in London. In Retail Parks, despite a competitive market, the company is achieving acquisitions at yields above 7% and expects 5% like-for-like growth across the portfolio. With an underlying profit increase of 8% to GBP 155 million and an EPS growth of at least 6% anticipated for FY '27, the company remains confident in delivering total accounting returns of 8% to 10% through the cycle.
Strong Leasing and Asset Management Performance
Leased 486,000 square feet at 3% ahead of ERV, with an additional 629,000 square feet under offer at 6% ahead of ERV. EPRA occupancy increased by 5% to 88%.
Development Achievements
On-site developments are achieving record rents, driving development yields above 7% and mid-teens IRRs. Key developments include 1 Triton Square and Broadgate Tower.
Retail Parks Growth
Retail Parks footfall grew 13.5% above the UK Retail benchmark over the last 5 years. Recent acquisitions delivered IRRs as high as 14%.
Financial Performance
Underlying profit increased by 8% to GBP 155 million, and underlying EPS rose by 1% to 15.4p. Dividend increased by 1%.
Improved Cost Efficiency
Admin costs reduced by GBP 5 million or 12% year-on-year, contributing 0.5p to EPS.
The British Land Company (BTLCY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
$4.98
$4.92
-1.23%
May 22, 2025
$5.43
$5.13
-5.52%
Nov 20, 2024
$4.68
$4.61
-1.52%
May 22, 2024
$4.74
$4.84
+2.13%
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 (BTLCY) report earnings?
The British Land Company (BTLCY) is schdueled to report earning on May 27, 2026, TBA (Confirmed).
What is The British Land Company (BTLCY) earnings time?
The British Land Company (BTLCY) earnings time is at May 27, 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.