Land Securities Group plc (LAND.L) on Thursday reported higher EPRA earnings for fiscal 2026, mainly helped by increased rental income.
EPRA earnings increased to £382 million or 51.1p per share from £374 million or 50.1p per share.
Profit before tax attributable to shareholders of the parent, however, declined to £346 million from £393 million in the previous year.
Operating profit decreased to £465 million from £526 million a year earlier.
Net profit was £343 million or 45.9p per share, down from £396 million or 53.0p per share last year.
Gross rental income increased to £644 million from £624 million a year earlier.
Net rental income rose to £562 million from £552 million last year.
Looking ahead to fiscal 2027, British Land expects EPRA EPS to remain stable compared with fiscal 2026, in line with previous guidance, while like-for-like net rent is expected to grow about 3% to 5%.
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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.