British Land Company (BLND)

Sector:

Property Investment Trusts

Index:

FTSE 250

388.00p
   
  • Change Today:
    -3.20p
  • 52 Week High: 413.10
  • 52 Week Low: 291.80
  • Currency: UK Pounds
  • Shares Issued: 927.51m
  • Volume: 2,196,411
  • Market Cap: £3,598.74m
  • RiskGrade: 188
  • Beta: 0.02

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
Interim Dividend11.60p10.32p8.40pn/a5.60p
Final Dividend11.04p11.60p6.64pn/a11.80p
Total Dividend22.64p21.92p15.04p15.96p31.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 418.00 412.00 468.00 613.00 904.00
Operating Profit/(Loss) 1,473.00 845.00 (646.00) (782.00) (213.00)
Net Interest 28.00 5.00 (50.00) (107.00) (113.00)
Profit Before Tax (1,034.00) 963.00 (1,053.00) (1,116.00) (319.00)
Profit After Tax (1,039.00) 965.00 (1,083.00) (1,114.00) (320.00)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (1,039.00) 965.00 (1,083.00) (1,114.00) (320.00)
Attributable to:          
Equity Holders of Parent Company (1,038.00) 963.00 (1,031.00) (1,027.00) (291.00)
Minority Interests (1.00) 2.00 (52.00) (87.00) (29.00)
           
Continuing EPS          
Earnings per Share - Basic (112.00p) 103.80p (111.20p) (110.00p) (30.00p)
Earnings per Share - Diluted (112.00p) 103.50p (111.20p) (110.00p) (30.00p)
Earnings per Share - Adjusted 28.30p 27.00p (111.20p) (110.00p) 34.90p
Continuing and Discontinued EPS          
Earnings per Share - Basic (112.00p) 103.80p (111.20p) (110.00p) (30.00p)
Earnings per Share - Diluted (112.00p) 103.50p (111.20p) (110.00p) (30.00p)
Earnings per Share - Adjusted 28.30p 27.00p (111.20p) (110.00p) 34.90p
           
Dividend per Share 22.64p 21.92p 15.04p 15.96p 31.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 22.00 27.00 32.00 74.00 73.00
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 2,264.00 2,562.00 6,326.00 8,188.00 8,931.00
Investments 5,677.00 7,032.00 2,140.00 2,483.00 2,711.00
Other Financial Assets n/a n/a n/a n/a 154.00
Other Non-Current Assets 144.00 97.00 141.00 231.00 1.00
  8,107.00 9,718.00 8,639.00 10,976.00 11,870.00
Current Assets          
Inventories n/a n/a n/a n/a 87.00
Trade & Other Receivables 34.00 60.00 56.00 56.00 57.00
Cash at Bank & in Hand 125.00 111.00 154.00 193.00 242.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 24.00 21.00 26.00 20.00 n/a
  183.00 192.00 236.00 269.00 386.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 8,290.00 9,910.00 8,875.00 11,245.00 12,256.00
           
Liabilities          
Current Liabilities          
Borrowings 402.00 189.00 161.00 637.00 99.00
Other Current Liabilities 282.00 278.00 226.00 270.00 314.00
  684.00 467.00 387.00 907.00 413.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,865.00 2,427.00 2,248.00 2,865.00 2,932.00
Provisions 4.00 n/a n/a 1.00 n/a
Other Non-Current Liabilities 212.00 248.00 257.00 325.00 222.00
  2,081.00 2,675.00 2,505.00 3,191.00 3,154.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,765.00 3,142.00 2,892.00 4,098.00 3,567.00
           
Net Assets 5,525.00 6,768.00 5,983.00 7,147.00 8,689.00
           
Capital & Reserves          
Share Capital 234.00 234.00 234.00 234.00 240.00
Share Premium Account 1,308.00 1,307.00 1,307.00 1,307.00 1,302.00
Other Reserves 228.00 218.00 229.00 251.00 250.00
Retained Earnings 3,742.00 4,994.00 4,154.00 5,243.00 6,686.00
Shareholders Funds 5,512.00 6,753.00 5,924.00 7,035.00 8,478.00
           
Minority Interests/Other Equity 13.00 15.00 59.00 112.00 211.00
Total Equity 5,525.00 6,768.00 5,983.00 7,147.00 8,689.00
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 240.00 245.00 149.00 375.00 613.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 326.00 (385.00) 910.00 (361.00) 187.00
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (552.00) 60.00 (1,098.00) (63.00) (663.00)
Net Increase/Decrease In Cash 14.00 (80.00) (39.00) (49.00) 137.00
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 13.7 19.6 n/a n/a 16.9
PEG - Adjusted 2.7 n/a n/a n/a n/a
Earnings per Share Growth - Adjusted 5% n/a n/a n/a -7%
Dividend Cover 1.25 1.23 (7.39) (6.89) 1.13
Revenue per Share 45.09p 44.44p 0.51p 65.63p 93.10p
Pre-Tax Profit per Share (111.54p) 103.88p (1.15p) (119.49p) (32.85p)
Operating Margin 352.39% 205.10% (138.03%) (127.57%) (23.56%)
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.7 19.6 n/a n/a 16.9
PEG - Adjusted 2.7 n/a n/a n/a n/a
Earnings per Share Growth - Adjusted 5% n/a n/a n/a -7%
Dividend Cover 1.25 1.23 (0.07) (6.89) 1.13
           
Dividend Yield 5.8% 4.1% 3.0% 4.7% 5.3%
Dividend per Share Growth 3.28% 45.74% (5.79%) (48.50%) 3.06%
Operating Cash Flow per Share 25.89p 26.43p 16.07p 40.15p 63.13p
Cash Incr/Decr per Share 1.51p (8.63p) (0.042p) (5.25p) 14.11p
Net Asset Value per Share (exc. Intangibles) 596.01p 730.10p 645.41p 765.20p 894.85p
Net Gearing 38.86% 37.09% 38.07% 47.04% 32.90%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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: Forecast figures based on normalised accounts.

 

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