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British Land Co (BLND)

Sector:

Real Estate

Index:

FTSE 100

Market Cap

£2,367.35m

Change Today

Price Down-25.50p ()

Share Price

463.00p

Sector movers: Capital and Regional lifts real estate stocks

Date: Thursday 28 Aug 2008

LONDON (ShareCast) - Property asset manager Capital and Regional is leading real estate stocks higher after confirming that it has finalised the renegotiation of its financial covenants with its principal lending bank.

The group’s revolving credit facility has been reduced from £175.5m to £125.5m and the interest margin has been lifted from 0.9% to 1.4%, in return for which the group’s banker has amended the see through gearing covenant so that only debt with recourse to the group is included.

Large cap real estate stocks including British Land, Hammerson and Land Securities have also advanced.

A Goldman Sachs note is behind declines in the utilities sector. Severn Trent and United Utilities are the heaviest fallers after the broker downgraded them to ‘sell’ from ‘neutral’, saying they look overpriced.

Top performing sectors so far today
Real Estate 2,968.60 +3.21%
Fixed Line Telecommunications 2,429.90 +2.86%
Insurance (non-life) 1,256.40 +2.62%
Life Insurance 4,162.50 +2.53%
General Retailers 1,274.50 +1.95%

Bottom performing sectors so far today
Industrial Metals 6,263.80 -2.71%
Industrial Transportation 2,288.40 -2.29%
Gas, Water & Multiutilities 4,561.50 -1.28%
Food & Drug Retailers 4,356.00 -0.83%
Electricity 7,912.00 -0.76%

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.

 

British Land Co Market Data

Currency UK Pounds
Share Price 463.00p Price Down
Change Today -25.50p
52 Week High 1,036.00
52 Week Low 452.50
Volume 6,304,210
Shares Issued 511.31m
Market Cap £2,367.35m
Beta 0.88
RiskGrade 296

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
40.38% below the market average40.38% below the market average40.38% below the market average40.38% below the market average40.38% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Price Trend
15.16% below the market average15.16% below the market average15.16% below the market average15.16% below the market average15.16% below the market average
22.42% above the sector average22.42% above the sector average22.42% above the sector average22.42% above the sector average22.42% above the sector average
Income
42.06% above the market average42.06% above the market average42.06% above the market average42.06% above the market average42.06% above the market average
25.84% below the sector average25.84% below the sector average25.84% below the sector average25.84% below the sector average25.84% below the sector average
Growth
44.04% below the market average44.04% below the market average44.04% below the market average44.04% below the market average44.04% below the market average
19.08% below the sector average19.08% below the sector average19.08% below the sector average19.08% below the sector average19.08% below the sector average
Price Chg 6m
0.68% above the market average0.68% above the market average0.68% above the market average0.68% above the market average0.68% above the market average
36.97% above the sector average36.97% above the sector average36.97% above the sector average36.97% above the sector average36.97% above the sector average
P/E
8.75% below the market average8.75% below the market average8.75% below the market average8.75% below the market average8.75% below the market average
40.59% below the sector average40.59% below the sector average40.59% below the sector average40.59% below the sector average40.59% below the sector average
PEG
16.51% below the market average16.51% below the market average16.51% below the market average16.51% below the market average16.51% below the market average
29.73% below the sector average29.73% below the sector average29.73% below the sector average29.73% below the sector average29.73% below the sector average
Dividend Yield
29.90% above the market average29.90% above the market average29.90% above the market average29.90% above the market average29.90% above the market average
20.93% below the sector average20.93% below the sector average20.93% below the sector average20.93% below the sector average20.93% below the sector average
EPS Growth
20.09% above the market average20.09% above the market average20.09% above the market average20.09% above the market average20.09% above the market average
36.11% above the sector average36.11% above the sector average36.11% above the sector average36.11% above the sector average36.11% above the sector average
Operating Margin
78.29% below the market average78.29% below the market average78.29% below the market average78.29% below the market average78.29% below the market average
84.72% below the sector average84.72% below the sector average84.72% below the sector average84.72% below the sector average84.72% below the sector average

What The Brokers Say

Strong Buy 1
Buy 4
Neutral 7
Sell 2
Strong Sell 2
Total 16
neutral
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
  Q2 Q1
Ex-Div 14-Jan-09 15-Oct-08
Paid 13-Feb-09 14-Nov-08
Amount 9.38p 9.38p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

British Land Co Key Personnel

Finance Director Graham C Roberts

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Registered in England and Wales (registered no. 3678570).