British Land Company (BLND)

Sector:

Property Investment Trusts

Index:

FTSE 250

393.60p
   
  • Change Today:
      0.40p
  • 52 Week High: 413.10
  • 52 Week Low: 291.80
  • Currency: UK Pounds
  • Shares Issued: 927.47m
  • Volume: 491,096
  • Market Cap: £3,650.54m
  • RiskGrade: 188

JPMorgan upgrades Derwent and GPE, downgrades Landsec

By Michele Maatouk

Date: Wednesday 13 Apr 2022

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove upgraded Great Portland Estates and Derwent London on Wednesday, but downgraded Landsec as it took a look at London office space.
"Shorter office leases, the rise of flexible space and pressure from all stakeholders embracing ESG values are driving structural change in London office markets," JPM said.

"More tenants will be free to move offices each year, and more will be looking to do so as firms seek to maximise productivity, pull workers back to the office and deliver on ESG ambitions."

It sees active demand for prime office space growing by 38% to 2030, with a supply crunch from 2023 and increasing barriers to developing new space. By 2025, JPM estimates that demand for London prime office space could be 1.8x available supply, which will drive strong structural rental growth.

The bank said it sees GPE and Derwent as strongly positioned to benefit from these trends and upgraded both to 'overweight' from 'neutral'. However, it sees limited upside for Landsec, which it downgraded to 'neutral' form 'overweight'.

It maintained an 'overweight' rating on British Land and Helical.

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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 Market Data

Currency UK Pounds
Share Price 393.60p
Change Today 0.40p
% Change 0.10 %
52 Week High 413.10
52 Week Low 291.80
Volume 491,096
Shares Issued 927.47m
Market Cap £3,650.54m
RiskGrade 188

British Land Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.01% below the market average24.01% below the market average24.01% below the market average24.01% below the market average24.01% below the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average
Price Trend
43.89% above the market average43.89% above the market average43.89% above the market average43.89% above the market average43.89% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
53.28% above the market average53.28% above the market average53.28% above the market average53.28% above the market average53.28% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average
Growth
65.96% below the market average65.96% below the market average65.96% below the market average65.96% below the market average65.96% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 5
Sell 1
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

British Land Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 22-Jun-23
Paid 05-Jan-24 28-Jul-23
Amount 12.16p 11.04p

Trades for 28-Mar-2024

Time Volume / Share Price
12:35 1 @ 393.40p
12:33 855 @ 393.60p
12:33 855 @ 393.60p
12:33 506 @ 393.60p
12:31 126 @ 394.00p

British Land Key Personnel

CEO Simon Carter
CFO Bhavesh Mistry

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