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British Land Company plc
(LSE:BLND)
British Land Company plc (BLND) vs. iShares MSCI United Kingdom ETF (EWC)
British Land Company plc Business Overview & Revenue Model
British Land Company plc Earnings Call Summary
British Land Company plc Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 550.00M | 454.00M | 575.00M | 418.00M | 412.00M | 520.00M |
| Gross Profit | 417.00M | 331.00M | 429.00M | 321.00M | 279.00M | 340.00M |
| EBITDA | 313.00M | 454.00M | 122.00M | -944.00M | 1.05B | 270.00M |
| Net Income | 447.00M | 338.00M | -1.00M | -1.04B | 963.00M | -1.03B |
Balance Sheet | ||||||
| Total Assets | 8.99B | 8.88B | 7.97B | 8.29B | 9.91B | 8.88B |
| Cash, Cash Equivalents and Short-Term Investments | 86.00M | 57.00M | 88.00M | 125.00M | 111.00M | 154.00M |
| Total Debt | 2.77B | 2.84B | 2.34B | 2.39B | 2.75B | 2.54B |
| Total Liabilities | 3.17B | 3.17B | 2.66B | 2.77B | 3.14B | 2.89B |
| Stockholders Equity | 5.82B | 5.71B | 5.30B | 5.51B | 6.75B | 5.92B |
Cash Flow | ||||||
| Free Cash Flow | 130.00M | 54.00M | 97.00M | 31.00M | -14.00M | -23.00M |
| Operating Cash Flow | 302.00M | 270.00M | 409.00M | 240.00M | 245.00M | 149.00M |
| Investing Cash Flow | -519.00M | -853.00M | -172.00M | 326.00M | -423.00M | 910.00M |
| Financing Cash Flow | 215.00M | 552.00M | -274.00M | -552.00M | 98.00M | -1.10B |
British Land Company plc Technical Analysis
British Land Company plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £4.54B | 7.70 | 7.22% | 6.67% | 43.70% | 40.28% | |
75 Outperform | £3.75B | 3.98 | 7.75% | 5.85% | -20.83% | ― | |
73 Outperform | £4.37B | 11.16 | 3.85% | 6.34% | 10.69% | 135.58% | |
72 Outperform | £410.19M | 3.34 | 11.57% | 7.17% | 1.60% | 211.81% | |
71 Outperform | £167.88M | 9.16 | 7.37% | 7.43% | -10.95% | -30.09% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | £411.12M | 6.81 | 7.51% | 5.15% | -3.98% | 412.08% |
British Land Company plc Corporate Events
British Land Company plc has reported its current capital structure for regulatory transparency, confirming that as of 27 February 2026 it has 1,011,159,828 ordinary shares in issue, of which 11,266,245 are held in treasury. This leaves 999,893,583 shares carrying voting rights, a figure shareholders and market participants must use to assess and disclose their holdings under UK financial conduct rules, ensuring ongoing compliance with disclosure and transparency requirements.
The update has no direct effect on day-to-day operations but clarifies the company’s free-float and voting base, which is important for institutional investors monitoring threshold crossings. By maintaining accurate, up-to-date information on voting rights, British Land supports orderly market functioning and regulatory oversight, reinforcing its standing as a compliant listed issuer in the UK property sector.
The most recent analyst rating on (GB:BLND) stock is a Buy with a £531.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land has disclosed that six senior executives, including CEO Simon Carter and CFO David Walker, bought ordinary shares in the company on 16 February under its HMRC-approved Share Incentive Plan. Each purchased a small allocation of partnership shares at 406.2 pence on the London Stock Exchange, reinforcing the link between leadership remuneration and shareholder returns.
On the same date, the same executives received an equivalent number of matching shares at no cost under the plan, further increasing their equity exposure. The routine monthly transactions highlight ongoing use of share-based incentives to align management’s interests with those of investors, though the volumes involved are modest in the context of British Land’s overall share capital.
The most recent analyst rating on (GB:BLND) stock is a Buy with a £531.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land has updated the market on its share capital and voting rights position as at 30 January 2026, reporting issued share capital of 1,011,129,473 ordinary shares of 25 pence each, of which 11,266,245 are held in treasury, leaving 999,863,228 shares carrying voting rights. The company highlighted that this total voting rights figure should be used by shareholders and market participants when assessing whether they must notify British Land and the FCA of their holdings or any changes in their percentage of voting rights under the UK’s disclosure and transparency rules, reinforcing compliance and clarity around its ownership structure.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land has agreed a recommended cash-and-share offer to acquire the entire issued and to be issued share capital of Life Science REIT plc, valuing the specialist life sciences and technology-focused landlord at about £150 million. Life Science REIT shareholders will receive 14.1 pence in cash and 0.07 new British Land shares per share, representing a roughly 21% premium to the target’s last closing price but at a discount to its net asset value, and will collectively own around 2.4% of the enlarged group, with eligibility for British Land’s 2026 final dividend. The deal, to be implemented via a court-sanctioned scheme of arrangement, adds five Golden Triangle assets in London, Oxford and Cambridge to British Land’s portfolio, broadening its Science & Technology footprint and tenant base. British Land expects immediate earnings per share accretion, EPRA NTA per share neutrality and further upside from cost synergies, lease reversion and letting vacant space, while Life Science REIT investors gain access to a larger, more diversified platform with an investment-grade balance sheet, higher liquidity and an anticipated growing dividend stream. Life Science REIT’s board, advised that the terms are fair and reasonable, unanimously intends to recommend shareholders vote in favour of the transaction, following a period in which sector headwinds and higher rates have constrained the REIT’s ability to fund its capital expenditure plans.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land reported a strong third quarter to 31 December 2025, underlining robust demand across its London campuses and retail parks with 882,000 sq ft of space leased on terms significantly ahead of estimated rental value and previous passing rents, and a further 1.8m sq ft under offer. Leasing momentum was particularly strong in its campus portfolio, where Science & Technology occupiers are driving take-up at assets such as One Triton Square and Broadgate, and in retail parks, where occupancy is 99% and footfall continues to rise; management reiterated guidance for at least 28.5p in underlying earnings per share for FY26 and at least 6% earnings growth in FY27, signalling confidence in the company’s income outlook and reinforcing its positioning in higher-quality, supply-constrained submarkets.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £425.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
The British Land Company plc has disclosed that, under its Share Incentive Plan, dividend reinvestment shares were purchased on 14 January 2026 for several executive directors and other persons discharging managerial responsibilities at a price of 395.18 pence per share. The transactions, executed on the London Stock Exchange following payment of the company’s 2026 interim dividend, modestly increase senior management’s shareholdings and align their interests with shareholders, in line with UK Market Abuse Regulation disclosure requirements.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £425.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land has disclosed that its chief executive, chief financial officer and several executive committee members have increased their personal holdings in the company by purchasing ordinary shares and receiving matching awards under the firm’s HMRC-approved Share Incentive Plan. The monthly acquisition of partnership shares on the London Stock Exchange, together with the corresponding allocation of nil-cost matching shares, underscores ongoing alignment between senior management and shareholders, reinforcing incentive structures tied to the company’s equity at a time when governance and ownership transparency remain closely watched by investors.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £425.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land has announced that Simon Carter will step down as chief executive and leave the board after more than five years in the top role and 18 years with the company, to become CEO of European logistics property group P3 Logistics Parks. The board will undertake a full process to appoint his successor during his 12‑month notice period, with chairman William Rucker crediting Carter with strengthening the management team and establishing market-leading positions in London office campuses and retail parks, which are currently benefiting from strong rental growth in supply-constrained markets, suggesting continuity of the company’s strategic direction despite the leadership transition.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £425.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land Company plc has allotted 2,475 ordinary shares to Non-Executive Director Mark Aedy at a price of 394.48 pence per share, following his decision to receive his quarterly director’s fee in the form of shares rather than cash. The off-market transaction, disclosed in line with UK Market Abuse Regulation, modestly increases Aedy’s equity stake and aligns his remuneration more closely with shareholder interests, reflecting common governance practice in UK listed companies.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land Company plc has confirmed that as of 31 December 2025 it has issued share capital of 1,011,113,555 ordinary shares of 25 pence each, of which 11,266,245 are held in treasury, leaving 999,847,310 shares with voting rights. The updated voting share figure is provided in line with FCA disclosure rules and serves as the reference number for shareholders and market participants to assess and report their percentage holdings and any changes in voting rights to the company and regulator.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.
British Land Company plc announced that its executive directors and senior management, including key figures such as Simon Carter, Emma Cariaga, and David Walker, acquired Partnership Shares and received Matching Shares under the company’s HMRC Approved Share Incentive Plan. This move underscores the alignment of senior management with the company’s long-term vision and financial strategies, fostering stronger stakeholder confidence and promoting internal investment in the firm’s operational success.
The most recent analyst rating on (GB:BLND) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.