British Land Company Plc (BLND.L), a real estate investment trust, on Wednesday issued a trading update ahead of its first-half results due on November 19.
The company expects underlying profit of £155 million, or 15.4 pence per share, for the first half, up from £143 million, or 15.3 pence per share, a year earlier.
Estimated rental value (ERV) growth stands at 2.4%, while EPRA net tangible assets have risen to 579 pence per share from 567 pence.
For the full year, British Land expects underlying EPS of at least 28.5 pence and projects growth of at least 6% for fiscal 2027. The company also reaffirmed its outlook for future ERV growth of 3%-5% per year across its portfolio.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.