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British Land Co Fundamentals

Company Name British Land Last Updated 20 Sep 2019
Industry Financials Sector Diversified REITs
Shares in Issue (m) 927.16 Market Cap (£m) 5,238.43
PE Ratio -18.83 Div per Share (p) 31.00
Div Yield 5.71 Div Cover 0.00
EPS -30.00 EPS Growth (%) -161.60
PEG 0.12 DPS Growth (%) 3.06
Debt Ratio 26.63 Debt Equity Ratio 0.88
Net Gearing 27.13 Gross Gearing 29.10
Asset Equity Ratio 1.41 Cash Equity Ratio 2.79
Quick Ratio 0.72 Current Ratio 0.94
Price To Book Value 0.60 ROCE -2.69

British Land Co Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total
Q1 Dividend 03 Oct 2019 08 Nov 2019 GBX 7.98
H2 Dividend 27 Jun 2019 02 Aug 2019 GBX 7.75 31.00
Q3 Dividend 28 Mar 2019 03 May 2019 GBX 7.75
H1 Dividend 03 Jan 2019 08 Feb 2019 GBX 7.75
Q1 Dividend 04 Oct 2018 09 Nov 2018 GBX 7.75
H2 Dividend 28 Jun 2018 03 Aug 2018 GBX 7.52 30.08
Q3 Dividend 29 Mar 2018 04 May 2018 GBX 7.52
H1 Dividend 04 Jan 2018 09 Feb 2018 GBX 7.52
Q1 Dividend 05 Oct 2017 10 Nov 2017 GBX 7.52
H2 Dividend 29 Jun 2017 04 Aug 2017 GBX 7.30 29.20
Q3 Dividend 30 Mar 2017 05 May 2017 GBX 7.30
H1 Dividend 05 Jan 2017 10 Feb 2017 GBX 7.30
Q1 Dividend 06 Oct 2016 11 Nov 2016 GBX 7.30
H2 Dividend 30 Jun 2016 05 Aug 2016 GBX 7.09 28.36
Q3 Dividend 31 Mar 2016 06 May 2016 GBX 7.09
H1 Dividend 07 Jan 2016 12 Feb 2016 GBX 7.09
Q1 Dividend 01 Oct 2015 06 Nov 2015 GBX 7.09
H2 Dividend 02 Jul 2015 07 Aug 2015 GBX 6.92 27.68
Q3 Dividend 26 Mar 2015 06 May 2015 GBX 6.92
H1 Dividend 08 Jan 2015 13 Feb 2015 GBX 6.92
Q1 Dividend 01 Oct 2014 07 Nov 2014 GBX 6.92

British Land Co Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 9,004 9,597 9,167
Intangible Assets 0 0 0
Investments 2,866 3,115 3,141
Total Fixed Assets 11,870 12,712 12,308
Stocks 87 328 334
Debtors 57 35 171
Cash & Equivalents 242 105 114
Other Assets 0 0 540
Total Assets 12,256 13,180 13,467
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 413 373 952
Creditors after 1 year 3,154 3,301 3,039
Other Liabilities 0 0 0
Total Liabilities 3,567 3,674 3,991
Net assets 8,689 9,506 9,476
Equity (£m) 2019 2018 2017
Called up share capital 240 248 260
Share Premium 1,302 1,300 1,298
Profit / Loss -319 501 195
Other Equity 250 246 116
Preference & Minorities 211 254 255
Total Capital Employed 8,689 9,506 9,476
Ratios 2019 2018 2017
Debt Ratio 26.63 25.78 24.28
Debt-to-Equity 0.88 0.90 0.76
Net Gearing 27.13 27.08 28.79
Gross Gearing 29.10 27.88 29.64
Assets / Equity 1.41 1.39 1.42
Cash / Equity 2.79 1.11 1.20
EPS -30.00 48.70 18.80
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 613 353 363
Cashflow before financing 800 699 833
Increase in Cash 137 -9 0
Income (£m) 2019 2018 2017
Turnover 904 639 589
Cost of sales 0 200 148
Gross Profit 0 439 441
Operating Profit -206 728 260
Pre-Tax profit -319 501 195
Profit / Loss for the year 240 248 260

British Land Co Company Background

Sector Diversified REITs
Activities British Land Co plc's portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. It owns or manages a portfolio valued at £16.2 billion (British Land share: £12.3 billion) as at 31 March 2019 making it one of Europe's largest listed real estate investment companies. Its Retail portfolio is focused on Regional and Local multi-let centres, and accounts for 48% of its portfolio. Its Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 49% of its portfolio. Increasingly its focus is on providing a mix of uses and this is most evident at Canada Water, its 53 acre redevelopment opportunity where it has plans to create a new neighbourhood for London.
Latest Interim Date 14 Nov 2018
Latest Fiscal Year End Date 15 May 2019

British Land Co Directors

Appointed Director Position
12 Jan 2009 Christopher Montague Grigg Chief Executive
21 May 2018 Simon Geoffrey Carter Chief Financial Officer
20 Mar 2014 Timothy Score Non-Executive Chairman
01 Jan 2018 Alastair James Hughes Non-Executive Director
01 Jan 2018 Rebecca Jane Worthington Non-Executive Director
13 May 2015 Laura Katharine Wade-Gery Non-Executive Director
01 Sep 2017 Preben Prebensen Non-Executive Director
19 Dec 2016 Sir Nicholas Ian Macpherson Non-Executive Director
11 Apr 2011 William Nicholas Jackson Non-Executive Director
20 Mar 2015 Prof Lynn Gladden Non-Executive Director

British Land Co Contact Details

Company Name British Land
Company Address York House, 45 Seymour Street, London W1H 7LX.
Company Telephone +44 (0)20 7486 4466
Company Website http://www.britishland.co.uk/

British Land Co Advisors

Auditor Name PricewaterhouseCoopers LLP
Auditor Address 1 Embankment Place, London WC2N 6RH.
Auditor Website http://www.pwc.co.uk/
Auditor Telephone +44(0) 20 7583 5000
Registrar Name Equiniti
Registrar Address Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA.
Registrar Website http://www.equiniti.com/
Registrar Telephone 0871 384 2030
Broker Name UBS Investment Bank
Broker Address 1 Finsbury Avenue, London EC2M 2PP.
Broker Website http://www.ibb.ubs.com/
Broker Telephone +44 (0)20 7567 8000
Adviser Name UBS Investment Bank
Adviser Address 1 Finsbury Avenue, London EC2M 2PP.
Adviser Website http://www.ibb.ubs.com/
Adviser Telephone +44 (0)20 7567 8000
Solicitor Name S J Berwin LLP
Solicitor Address 10 Queen Street Place, London EC4R 1BE.
Solicitor Website http://www.sjberwin.com/
Solicitor Telephone +44 (0)20 7111 2222
Stockbroker Name Morgan Stanley Securities
Stockbroker Address 25 Cabot Square, Canary Wharf, London E14 4QA.
Stockbroker Website http://www.morganstanley.com/
Stockbroker Telephone +44 (0)20 7425 8000