The British Land Company (BTLCY) AI Stock Analysis

• Market Cap: $4.57B
• Dividend Yield: 6.53%
• Average Volume (3M): 3.16K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.57
• Revenue Growth: -19.69%
• EPS Growth: N/A
• Country: US
• Employees: 645
• Sector: Real Estate
• Sector Strength: 52
• Industry: REIT - Diversified
• EPS (TTM): 0.19
• Shares Outstanding: 999,748,600
• 10 Day Avg. Volume: 740
• 30 Day Avg. Volume: 3,156
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.81
• Enterprise Value/Revenue: 15.00
• Enterprise Value/Gross Profit: 19.30
• Enterprise Value/Ebitda: 23.32
• 1Y Price Target: $5.00
• Price Target Upside: 9.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: $5.00 ▲(9.17% Upside)

The overall score reflects a mixed financial performance with strong valuation metrics. However, bearish technical indicators and cash flow challenges weigh on the stock's outlook.

The British Land Company Business Overview & Revenue Model

Company Description

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. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance. Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 65% of our portfolio. Our Retail portfolio is focused on retail parks and shopping centres, and accounts for 31% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 53 acre redevelopment opportunity where we have plans to create a new neighbourhood for London. Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing. In April 2016 British Land received the Queen's Award for Enterprise: Sustainable Development, the UK's highest accolade for business success for economic, social and environmental achievements over a period of five years.

How the Company Makes Money

The British Land Company generates revenue primarily through rental income from its investment properties, which includes long-term leases with retail and office tenants. Additional revenue streams come from property sales, development projects, and management fees from joint ventures. The company also benefits from strategic partnerships and collaborations with other property developers and investors, enhancing its development capabilities and market reach. Furthermore, its focus on sustainable and community-friendly developments helps attract tenants and investors, contributing positively to its earnings.

The British Land Company Financial Statement Overview

Summary

The British Land Company has shown improved profitability with enhanced margins and cost management. However, inconsistent revenue growth and challenges in cash flow generation pose potential risks.

Income Statement

The British Land Company has shown a mixed performance in its income statement. The gross profit margin declined over time, decreasing from 64.5% in 2020 to 72.9% in 2025, indicating improved cost management. The net profit margin improved significantly from negative values to 74.4% in 2025, showing a recovery from previous losses. However, revenue growth has been inconsistent, with a notable decline in 2025. The EBIT and EBITDA margins have improved, highlighting operational efficiency gains.

Balance Sheet

The company has a relatively stable balance sheet with a decreasing debt-to-equity ratio, from 52% in 2020 to 50% in 2025, reflecting improved leverage management. The return on equity fluctuated significantly, showing a strong positive trend in 2025. The equity ratio remains healthy, indicating a stable capital structure with a high proportion of assets financed by equity.

Cash Flow

The cash flow statement shows volatility with a declining trend in free cash flow from 2020 to 2025, indicating potential challenges in generating cash. The operating cash flow to net income ratio improved significantly in 2025, reflecting better conversion of income into cash. However, the free cash flow to net income ratio showed inconsistency, pointing to potential concerns in cash generation relative to net income.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	454.00M	575.00M	505.41M	562.73M	611.14M
Gross Profit	331.00M	429.00M	388.68M	381.07M	376.09M
EBITDA	454.00M	122.00M	-944.00M	326.44M	270.00M
Net Income	338.00M	-1.00M	-1.25B	1.32B	-1.35B
Balance Sheet
Total Assets	8.88B	7.97B	10.25B	13.05B	12.24B
Cash, Cash Equivalents and Short-Term Investments	57.00M	108.00M	154.56M	146.15M	212.47M
Total Debt	2.84B	2.34B	2.96B	3.62B	3.51B
Total Liabilities	3.17B	2.66B	3.42B	4.14B	3.99B
Stockholders Equity	5.71B	5.30B	6.82B	8.89B	8.17B
Cash Flow
Free Cash Flow	54.00M	97.00M	79.80M	75.63M	22.57M
Operating Cash Flow	270.00M	409.00M	288.80M	334.63M	194.57M
Investing Cash Flow	-853.00M	-172.00M	392.29M	-577.75M	1.19B
Financing Cash Flow	552.00M	-274.00M	-664.25M	133.85M	-1.43B

The British Land Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BTLCY, the sentiment is Negative. The current price of 4.58 is below the 20-day moving average (MA) of 4.66, below the 50-day MA of 4.82, and below the 200-day MA of 4.73, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 40.71 is Neutral, neither overbought nor oversold. The STOCH value of 32.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BTLCY.

The British Land Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPRT	78 Outperform	$6.18B	26.22	6.33%	3.77%	25.79%	2.46%
WPC	77 Outperform	$14.44B	43.27	3.99%	5.30%	0.23%	-41.66%
UE	75 Outperform	$2.68B	24.84	8.46%	3.48%	6.09%	-65.94%
BNL	71 Outperform	$3.46B	35.71	3.32%	6.31%	2.74%	-37.41%
BTLCY	61 Neutral	$4.57B	10.47	6.12%	6.53%	-19.69%	―
GNL	56 Neutral	$1.70B	―	-11.87%	11.97%	-11.06%	29.36%
Sector *	53 Neutral	$1.24B	2.96	-5.63%	5.76%	-4.15%	-87.10%