British Land Company PLC with ticker (LON:BLND) now has a potential downside of -3.0% according to Barclays.
Barclays set a target price of 405 GBX for the company, which when compared to the British Land Company PLC share price of 417 GBX at opening today (09/05/2024) indicates a potential downside of -3.0%. Trading has ranged between 287 (52 week low) and 422 (52 week high) with an average of 2,601,758 shares exchanging hands daily. The market capitalisation at the time of writing is £3,880,703,875.
The British Land Company PLC is a United Kingdom-based property company. The Company’s strategy is to leverage its platform and expertise in development, repositioning, and active management, investing in two segments: Campuses and Retail & London Urban Logistics. The Campuses segment provides customers with flexibility and allows complementary businesses to cluster. Its campus model offers customers a sustainable workspace with transport infrastructure, public realm, retail, and engaging amenities. It has three campuses at Broadgate, Paddington Central and Regent’s Place are neighborhoods, attracting customers and sectors, and offering sustainable space in London. The Company is also delivering its fourth Campus at Canada Water. Its Retail & London Urban Logistics segment is focused on retail parks which are aligned to the growth of convenience, online and last mile fulfillment. Its portfolio of shopping centers includes open air schemes, as well as traditional covered centers.
British Land Company PLC -3.0% potential downside indicated by Barclays
- Written by: Charlotte Edwards
Latest Company News
British Land has appointed Joanne McNamara as Chief Executive Officer. She joins from Oxford Properties, where she is Executive Vice President, Europe, and is expected to start by the end of November.
British Land said record leasing activity supported rental growth and a stronger earnings outlook, with underlying profit up 5% to £294m and portfolio occupancy at 96.9%.
British Land reported strong leasing across campuses and retail parks, supporting expected FY26 underlying EPS of 28.9p and like-for-like rental growth of 6%. It now expects FY27 underlying EPS of at least 30.5p after completing the acquisition of Life Science REIT.
British Land and Life Science REIT have reached agreement on a recommended acquisition structured as a court-sanctioned scheme of arrangement.
British Land has confirmed that CEO Simon Carter will step down from the Board and the business following a 12-month notice period.
British Land reports robust first-quarter leasing across its Broadgate and Norton Folgate estates. Leasing momentum is expected to continue as occupiers seek best-in-class space in core London locations.
