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British Land Co(BLND)

Sector:

Real Estate

Index:

FTSE 100

Market Cap

£3,644.89m

Change Today

Price Up35.00p

Share Price

713.00p

British Land Co Overview

One of the UK’s oldest property groups, British Land has been dominated by chairman John Ritblat ever since his Union Property group reversed into it in 1970. The portfolio, predominately office and retail, has grown to £11bn in that time.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 5.2% 4.9%
Div Cover 1.5 1.6
Op Mrgn -157.1% 43.7%
ROCE -10.9%  

Valuation

Latest F'cast
P/E 12.8 12.4
PEG 0.5 4.2
Pr/Revenue 5.4 5.5
Pr/Book 0.5  

Growth

Latest F'cast
Revenue -0.6% -2.0%
PBT n/a n/a
EPS 23.5% 3.0%
DPS 72.0% -4.6%

British Land Co Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-04 a486.70 a186.00 37.00p 17.6 0.5 +34% 14.50p 2.2%
31-Mar-05 604.00 738.00 27.00p 29.8 n/a -27% 15.70p 2.0%
31-Mar-06 690.00 1,498.00 35.60p 34.9 1.1 +32% 17.00p 1.4%
31-Mar-07 649.00 1,440.00 43.00p 35.5 1.7 +21% 20.35p 1.3%
31-Mar-08 645.00 (1,609.00) 53.00p 17.3 0.8 +23% 35.00p 3.8%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

British Land Co Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-09 632.21 276.15 54.58p 12.4 4.2 +3% 33.39p 4.9%
31-Mar-10 617.02 286.45 56.17p 12.1 4.1 +3% 31.99p 4.7%

Covering analysts: Arbuthnot Securities, Charles Stanley & Co, Credit Suisse, Deutsche Bank Research, Goldman Sachs, HSBC Securities, JP Morgan, Lehman Bros, Merrill Lynch, Morgan Stanley, Société Générale

British Land Co Company Announcements

Director/PDMR Shareholding 02-Jul-2008 16:35 RNS
Directorate Change 02-Jul-2008 16:34 RNS
Total Voting Rights 01-Jul-2008 15:52 RNS

British Land Co ShareCast News

Broker tips: DMGT, Liberty International, BAE Sy... 24-Jun-2008 ShareCast
Broker snap: More broker woe for Liberty Interna... 24-Jun-2008 ShareCast
London close: Oils boost top index 23-Jun-2008 ShareCast

British Land Co Top Newspaper Links

Property giants in the running for Wilson Bowden 25-May-2008 Independent on Sunday
Canary Wharf likely to acquire markdown 21-May-2008 Times
British Land sees a brighter final quarter 21-May-2008 The Scotsman

Latest British Land Co Director Deals

Traded Action Notifier PriceAmountValue
01-Jul-08 Buy Robert Swannell 708.50p 761 £5,391.69
01-Jul-08 Buy Clive Adam Cowdery 708.50p 1,093 £7,743.91
01-Jul-08 Buy Lord Turnbull 708.50p 352 £2,493.92

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

British Land Co Market Data

Currency UK Pounds
Share Price 713.00p Price Up
Change Today +35.00p
52 Week High 1,381.00p
52 Week Low 678.00p
Volume 1,758,402
Shares Issued 511.20m
Market Cap £3,644.89m
Beta 1.09
RiskGrade 176

British Land Co Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.65% below the market average36.65% below the market average36.65% below the market average36.65% below the market average36.65% below the market average
67.11% below the sector average67.11% below the sector average67.11% below the sector average67.11% below the sector average67.11% below the sector average
Price Trend
43.7% below the market average43.7% below the market average43.7% below the market average43.7% below the market average43.7% below the market average
33.74% below the sector average33.74% below the sector average33.74% below the sector average33.74% below the sector average33.74% below the sector average
Income
29.31% above the market average29.31% above the market average29.31% above the market average29.31% above the market average29.31% above the market average
1.12% below the sector average1.12% below the sector average1.12% below the sector average1.12% below the sector average1.12% below the sector average
Growth
46.91% below the market average46.91% below the market average46.91% below the market average46.91% below the market average46.91% below the market average
41.73% below the sector average41.73% below the sector average41.73% below the sector average41.73% below the sector average41.73% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 5
Sell 1
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

British Land Co Dividends

  Latest Previous
  Q4 Q3
Ex-Div 16-Jul-08 16-Apr-08
Paid 15-Aug-08 19-May-08
Amount 8.75p 8.75p

Trades for 09-Jul-2008

Time Volume / Share Price
11:14 1,420 @ 713.12p
11:14 754 @ 713.00p
11:14 800 @ 713.00p
11:14 599 @ 713.00p
11:14 1,600 @ 713.00p

British Land Co Key Personnel

Finance Director Graham C Roberts
Chair Christopher S Gibson-Smith
CEO Stephen Hester

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4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).